At a Glance
- Tasks: Lead the fight against money laundering and ensure compliance with regulations.
- Company: Join a leading financial institution with a diverse and dynamic team.
- Benefits: Enjoy competitive perks, including health insurance, study loans, and flexible work arrangements.
- Other info: We celebrate diversity and offer a supportive, inclusive workplace.
- Why this job: Make a real impact in the financial sector while developing your career.
- Qualifications: 10 years of experience in financial services and a Bachelor's degree required.
The predicted salary is between 49500 - 60500 £ per year.
We are a leading financial institution, a key player in the Maltese market and part of a highly diversified multi-national group of companies. Employing a team of over 270 employees, the Bank offers a full range of lending and savings solutions to both personal and business customers. We strive to offer a highly personalised service through our network of thirteen retail branches spread across the Maltese Islands. We are a team of inspired people who believe that opportunities start with a conversation.
Duties & Responsibilities
The Money Laundering Reporting & Compliance Officer (UK operations) is responsible for all aspects of the Bank's Anti-Money Laundering (AML) and Counter Terrorism Financing (CFT) frameworks as well as compliance functions in relation to activities conducted by the Bank from the UK Branch. He/she forms part of the Bank's Compliance Function and is resident in the UK. The UK MLRO & Compliance Officer must be an approved person by the MFSA (Malta's regulator) and the Financial Conduct Authority (FCA) in the UK or any other regulatory authority, as applicable from time to time. S/he must have the necessary knowledge to meet such authorities’ regulatory requirements, as well as to understand how to apply them. He/she must ensure his/her knowledge remains up to date and must be able to transpose such knowledge in the Bank's Policies, Procedures or Working instructions and be capable to maintain excellent and close relations with the Regulators.
Responsibilities
- Ensuring that the Bank achieves and maintains compliance with all current and future regulatory requirements in relation to AML/CFT;
- Ensuring that the Bank and employees within the UK operations are kept aware of their regulatory obligations within their area of responsibility and changes thereof;
- Carrying out a risk assessment, in line with the Bank's Policies and Procedures, measuring the Bank's threats and vulnerabilities of the Bank's UK operations to money laundering and funding of terrorism;
- Formulating and updating the Customer Risk Assessment in cooperation with the Bank's CRO, and MLRO responsible for the Maltese operations and overall activities of the Bank;
- Monitoring transactions, managing alerts and whether triggered through systems and any other tools available to identify transactions and activities that deviate from the norm;
- Investigating and analysing suspicious activity reporting from the Bank's staff and reporting accordingly to the regulators as required;
- Being the point of contact with regulators on issues relating to money laundering and funding of terrorism within the Bank's UK activities;
- Ensuring that the Governance, Risk and Compliance Frameworks of the Bank are operating effectively, and kept up-to date in line with the Risk Appetite of the Bank and the UK regulations;
- Ensuring that any MFSA and FCA training and/or competency standards in relation to AML/CFT are met and maintained both personally and also for all staff members connected with the UK operations;
- Compiling, assessing and reporting any money laundering and financing of terrorism risks to the CEO, CRO, Executive Committee, and the Board of Directors through the Risk Committee of the Board;
- Conducting evaluations in an objective and impartial manner, pursuing duties free of prejudices and avoiding conflict of interest;
- Maintaining the highest standards of market practice / knowledge, integrity, ethical and moral conduct as established by the relevant Authorities and Regulatory Bodies;
- Dealing with all regulators in an open and co-operative way and disclosing appropriately any information of which the regulator would reasonably expect notice of.
Skills
- Positive attitude, well-organised, with a disposition to learn;
- Meticulous with a team-oriented approach to work;
- Possess critical competencies in risk analysis, business acumen and organisational capabilities;
- Ability to develop effective working relationships with different stakeholders;
- Strong verbal and written communication skills;
- Committed with an independent oversight;
- Enthusiastic, with a positive and proactive approach to work;
- Excellent analytical skills, business acumen and organisational capabilities.
Experience and Knowledge
The candidate will ideally have a Bachelor's Degree with a minimum of 10 years' experience within the Financial Services and the relative regulatory environment.
What we Offer
- Ongoing personal development;
- Preferential interest rates on home loans, personal loans and home value loans;
- Comprehensive support for academic advancement through fully subsidised staff study loans;
- Private clinic health insurance coverage, extendable to dependants;
- Life insurance and personal accident cover;
- Free ophthalmic examinations;
- Private counselling sessions in collaboration with Richmond Foundation;
- Additional full-day leave for birthday celebrations;
- Annual performance appraisals and salary reviews;
- €400 annual wellness allowance;
- Complimentary mammogram screenings for female employees aged over 40 and PSA screenings for male employees aged over 40;
- Flexible work arrangements (role permitting);
- Various corporate discounts.
BNF Bank plc is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Money Laundering Report & Compliance Officer (MLRO) - London Branch employer: BNF Bank p.l.c
At BNF Bank plc, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters personal and professional growth. Our London Branch provides a supportive environment with ongoing development opportunities, competitive benefits including comprehensive health insurance and flexible work arrangements, and a commitment to diversity and inclusion. Join us to be part of a team that values your contributions and encourages meaningful conversations that lead to impactful solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Money Laundering Report & Compliance Officer (MLRO) - London Branch
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We think you need these skills to ace Money Laundering Report & Compliance Officer (MLRO) - London Branch
Some tips for your application 🫡
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How to prepare for a job interview at BNF Bank p.l.c
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BNF Bank p.l.c.
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✨Network with Industry Professionals
Before your interview, reach out to current or former BNF Bank p.l.c employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
