At a Glance
- Tasks: Support compliance functions and manage financial crime risks in a dynamic team.
- Company: Join Altery, a forward-thinking company focused on compliance and financial integrity.
- Benefits: Enjoy flexible working arrangements, growth opportunities, and local market perks.
- Other info: Collaborative culture with excellent career development opportunities.
- Why this job: Make a real impact in the fight against financial crime while developing your career.
- Qualifications: Experience in compliance roles, risk assessment, and FCA reporting is essential.
The predicted salary is between 50000 - 65000 £ per year.
We are seeking a qualified and experienced DMLRO and Compliance Officer to join our dynamic team at Altery. This pivotal role combines critical compliance functions, ensuring the organisation remains aligned with anti-money laundering (AML) regulations and robustly manages financial crime risks.
Responsibilities
- Support the Money Laundering Reporting Officer (MLRO) in discharging their duties and responsibilities, including ensuring compliance with applicable Anti-Financial Crime regulations and guidance.
- Conduct compliance risk assessments to identify potential risks and ensure the AFC programme meets regulatory and company standards; monitor and evaluate processes to align with the company’s risk management framework.
- Utilise data to assess the effectiveness of controls and facilitate ongoing testing implementation.
- Develop and maintain AFC policies, procedures, and controls; provide oversight on AFC compliance matters, including periodic reviews and audits.
- Ensure timely submission of regulatory reports and responses.
- Engage with regulators and authorities (e.g., FCA, NCA) and submit Suspicious Activity Reports (SARs) when there is suspicion of money laundering or terrorist financing.
- Collaborate with law enforcement and regulatory authorities in AML investigations and provide requested information.
- Establish a clear reporting structure to ensure that suspicious activities are reported promptly to the nominated officer.
- Participate in assessing the risk of financial crime and contribute to the development and implementation of AML policies and procedures.
- Draft internal reports such as Management Information for the Group Financial Crime Committee and Business-Wide Risk Assessments.
- Contribute to the development and delivery of training materials and oversight of business-wide training completion.
- Collaborate with other departments to facilitate communication and cooperation on AFC compliance and stay informed of changes in AML laws and regulations.
What you’ll bring to us
- Proven experience in a similar role, ideally as a DMLRO, Compliance Officer, or related compliance position within financial services or fintech.
- Proven experience in compliance-related risk assessment such as Business-Wide Risk Assessment and Enterprise-Wide Risk Assessment.
- Strong experience in control testing projects or quality assurance controls.
- Familiarity with Financial Conduct Authority (FCA) reporting requirements, ensuring timely and accurate submissions in line with regulatory expectations.
What we offer
- Team and product-focused environment with collaborative culture.
- Growth opportunities and career development.
- Flexible working arrangements and hybrid working options.
- Local market perks and insurance coverage where applicable.
Deputy Money Laundering Reporting Officer in City of London employer: Altery
Altery is an exceptional employer that prioritises employee development and offers flexible hybrid or remote working arrangements, making it an ideal workplace for those seeking a balance between professional growth and personal life. With a strong focus on compliance and collaboration in the financial crime sector, employees are empowered to make meaningful contributions while enjoying a supportive work culture that fosters innovation and teamwork.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Money Laundering Reporting Officer in City of London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Altery looking for candidates who are engaged and informed.
We think you need these skills to ace Deputy Money Laundering Reporting Officer in City of London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Altery. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Altery
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Altery’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
