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- Tasks: Lead AML & Financial Crime oversight, ensuring compliance and training across the business.
- Company: Join a dynamic international Foreign Exchange & Payments firm with a bold vision for growth.
- Benefits: Enjoy a hybrid work model with competitive salary, benefits, and bonuses.
- Why this job: Be a key player in a growing company, shaping its compliance strategy and culture.
- Qualifications: Must have MLRO experience in FX/Payments or Banking with strong UK AML knowledge.
- Other info: Work closely with the CEO and senior management in a hands-on, strategic role.
The predicted salary is between 72000 - 84000 £ per year.
EXCLUSIVE: MLRO – FX (BANKING OR PAYMENTS) MLRO EXPERIENCE REQUIRED
Ref: 4118G
£100K + Benefits & Bonus Hybrid (London)
We have been exclusively appointed by our client, a growing international Foreign Exchange & Payments business with an exciting vision, to find a MLRO. Reporting directly to the CEO you will have oversight for all AML & Financial Crime issues.
Detailed responsibilities will include:
- Liaise with all relevant business and support departments within the firm.
- Take ownership of the API regulatory process and subsequent supervision.
- Ownership and management of all policies and procedures, with periodic review and updates.
- Approve changes to documentation relating to compliance issues.
- Act as the first point of contact with the Regulators and Law Enforcement agencies, upon commencement and during an investigation as a result of filing a report to the NCA.
- Coordinate training to ensure staff are adequately aware of the compliance function and requirements in accordance with the rules and regulations.
- Design the internal practice, measures, procedures and controls relevant to the prevention of Money Laundering and Terrorist Financing and describe and allocate the appropriateness and limits of responsibility of each department involved.
- Maintain a Risk Management and Procedures Manual regarding Money Laundering, SARS and Terrorist Financing (AML Manual).
- Apply monitoring mechanisms to assess the level of compliance of the departments and Company employees.
- Give guidance for corrective measures where necessary and inform the Senior Management and Board of Directors where applicable.
- Detect, record, and evaluate, at least on an annual basis, all risks arising from existing and new clients and merchants, new products and services and updates and amend the systems and procedures applied by the Company.
- Building, and taking accountability for, the AML/CTF risk management program and the undertaking of any AML/CTF risk assessment.
You should have experience as an MLRO from a similar FX / Payments business or Bank with an in-depth knowledge of UK AML & Financial Crime regulations. You should also be able to operate at a strategic level, advising the Leadership Team & Board whilst still able to roll up your sleeves and work under your own initiative in a dynamic, agile and hands-on environment.
This role is offered hybrid with 4 days in the City of London office and 1 day WFH.
This is an excellent opportunity to join a small but growing business in a hands-on yet strategic role where you will be instrumental in the business’s ongoing growth and development.
So, if that sounds like you, then please send your details to Gary Collins in the first instance gary@symescollins.com (Including a contact number & email) however please note we cannot reply to all applications so only successful applications will be contacted (although under no circumstance are your details ever passed on without your specific permission).
Contact Detail:
Symes Collins Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land MLRO - FX (BANKING OR PAYMENTS) MLRO EXPERIENCE REQUIRED
✨Tip Number 1
Network with professionals in the FX and payments industry. Attend relevant conferences, webinars, or local meetups to connect with potential colleagues and industry leaders who can provide insights and possibly refer you to opportunities.
✨Tip Number 2
Stay updated on the latest AML and financial crime regulations in the UK. Subscribe to industry newsletters or follow regulatory bodies on social media to ensure you're well-informed and can discuss current trends during interviews.
✨Tip Number 3
Prepare to demonstrate your strategic thinking and hands-on experience. Be ready to share specific examples of how you've successfully managed compliance issues or improved AML processes in previous roles.
✨Tip Number 4
Research the company thoroughly. Understand their business model, recent developments, and challenges they may face in the FX and payments sector. This knowledge will help you tailor your discussions and show your genuine interest in the role.
We think you need these skills to ace MLRO - FX (BANKING OR PAYMENTS) MLRO EXPERIENCE REQUIRED
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience as an MLRO, particularly in FX or Payments. Emphasise your knowledge of UK AML and Financial Crime regulations, and include specific examples of how you've managed compliance issues in previous roles.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the job description. Explain why you're the perfect fit for this role, focusing on your strategic capabilities and hands-on experience. Mention your ability to liaise with regulators and your experience in training staff on compliance matters.
Showcase Your Achievements: In both your CV and cover letter, include quantifiable achievements related to AML/CTF risk management. For example, discuss any successful audits you’ve led or improvements you’ve made to compliance processes that resulted in reduced risks.
Follow Application Instructions: Ensure you send your application to the specified contact, Gary Collins, including your contact number and email. Double-check that you have adhered to all instructions provided in the job listing to avoid any issues with your application.
How to prepare for a job interview at Symes Collins
✨Know Your AML Regulations
Make sure you have a solid understanding of UK AML and Financial Crime regulations. Be prepared to discuss how these regulations impact the role and how you've applied them in your previous positions.
✨Demonstrate Strategic Thinking
Since this role requires operating at a strategic level, think about examples from your past where you've advised leadership teams or implemented significant changes. Be ready to share these experiences during the interview.
✨Showcase Your Hands-On Experience
While strategic thinking is crucial, this role also demands a hands-on approach. Prepare to discuss specific instances where you've rolled up your sleeves to tackle compliance issues or improve processes.
✨Prepare Questions for the Interviewers
Have insightful questions ready for the interviewers about their current AML practices and challenges. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.
