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For Companies At a Glance
- Tasks: Lead AML policy, oversee transaction monitoring, and conduct risk assessments.
- Company: Join a growing FCA-regulated financial services firm focused on compliance and expertise.
- Benefits: Enjoy a £70k-£80k salary, hybrid work, private medical, and enhanced parental leave.
- Why this job: Take ownership of financial crime frameworks in a stable, supportive environment with mentoring opportunities.
- Qualifications: 7+ years in AML roles, strong knowledge of regulations, and excellent communication skills required.
- Other info: No direct reports, but a chance to influence and educate colleagues.
The predicted salary is between 60000 - 80000 £ per year.
Job Description
Deputy Money Laundering Reporting Officer (DMLRO) – £70k-£80kHybrid – 3 Days in London OfficeFinancial Services Industry – 2nd Line of Defence
I am working with a growing, FCA-regulated financial services firm that's looking for a strong 2nd line of defence AML professional to step into a key Deputy MLRO role. This is an opportunity to take real ownership of the financial crime framework, working closely with the Head of Compliance & MLRO in a business that values expertise and autonomy.
What's refreshing about this position is that it's not a crisis management role – the company is stable and compliant. Instead, the focus is on maintaining and strengthening AML processes, influencing stakeholders, and embedding best practice across the business. There are no direct reports, but there's a strong teaching and mentoring element, so you'll be helping colleagues understand and meet regulatory expectations.
The Role
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Lead on AML policy and training initiatives
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Oversee transaction monitoring and SAR preparation
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Conduct AML risk assessments across products, services, and clients
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Act as the go-to SME for AML queries and regulatory engagement
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Prepare board and senior management reports, including the annual MLRO report
The Ideal Candidate
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7+ years in a 2nd line AML role within financial services
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Solid knowledge of JMLSG and FCA AML/CTF requirements
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Confident decision-maker who can work independently
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Excellent communicator who can influence and educate stakeholders
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Professional AML qualifications (e.g., CAMS, ICA) are a plus
The Package
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£70k-£80k base salary
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Benefits include private medical, pension, health cash plan, enhanced parental leave, and more
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Hybrid working – 3 days in their central London office, 2 from home
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A collaborative environment with room to make the role your own
If you're looking for a chance to own the financial crime agenda from a 2nd line perspective in a growing and supportive business, this is a role worth exploring.
Deputy MLRO employer: Become
Contact Detail:
Become Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy MLRO
✨Tip Number 1
Network with professionals in the financial services industry, especially those who work in compliance and AML roles. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture.
✨Tip Number 2
Familiarise yourself with the latest AML regulations and best practices, particularly those related to JMLSG and FCA requirements. This knowledge will not only boost your confidence but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss your experience in leading AML policy initiatives and training programmes. Be ready to share specific examples of how you've influenced stakeholders and improved compliance processes in your previous roles.
✨Tip Number 4
Showcase your communication skills during any interactions with the hiring team. As the role requires influencing and educating others, demonstrating your ability to convey complex information clearly will set you apart from other candidates.
We think you need these skills to ace Deputy MLRO
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in AML roles, particularly within financial services. Emphasise your knowledge of JMLSG and FCA AML/CTF requirements, as well as any professional qualifications like CAMS or ICA.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Deputy MLRO position. Discuss how your background aligns with the company's focus on maintaining and strengthening AML processes, and mention your ability to influence and educate stakeholders.
Showcase Your Communication Skills: Since excellent communication is key for this role, provide examples in your application that demonstrate your ability to influence and mentor others. Highlight any previous experiences where you successfully engaged with stakeholders or led training initiatives.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at Become
✨Showcase Your AML Expertise
Make sure to highlight your extensive experience in AML roles, particularly your knowledge of JMLSG and FCA requirements. Be prepared to discuss specific examples of how you've successfully implemented AML policies or conducted risk assessments in previous positions.
✨Demonstrate Strong Communication Skills
As the role involves influencing stakeholders and educating colleagues, it's crucial to showcase your communication skills. Prepare to share instances where you've effectively communicated complex AML concepts to non-experts, ensuring they understand regulatory expectations.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making abilities in AML situations. Think about past challenges you've faced and how you resolved them, focusing on your independent decision-making and problem-solving skills.
✨Emphasise Your Mentoring Experience
Since the role includes a teaching and mentoring element, be ready to discuss your experience in guiding others. Share examples of how you've helped colleagues understand AML processes and fostered a culture of compliance within your team.
