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- Tasks: Lead the fight against money laundering and financial crime at our bank.
- Company: Join a leading bank in London committed to compliance and integrity.
- Benefits: Enjoy hybrid working, competitive salary, and professional development opportunities.
- Why this job: Make a real impact in financial security while growing your career in a dynamic environment.
- Qualifications: Bachelor’s degree and 10+ years of experience in AML/FC required.
- Other info: This role is crucial for maintaining our bank's reputation and regulatory compliance.
The predicted salary is between 54000 - 84000 £ per year.
Money Laundering Reporting Officer (MLRO) – SMF 17 Location: London, UK – Hybrid working Role Responsibilities As the MLRO, you will: Oversee and implement policies, procedures, and controls to prevent and detect money laundering and financial crime within the Bank. Ensure regulatory and statutory compliance, advising senior management and staff on AML/FC rules. Develop and maintain the AML/CTF framework, including conducting annual risk assessments and mapping mitigating controls. Oversee transaction monitoring and ensure unusual transactions are identified, analysed, and reported appropriately. Act as the Bank\’s primary contact with the NCA and other relevant agencies on AML matters. Prepare and present the MLRO annual report and manage all SARs submitted to the NCA. Ensure effective AML training for staff and monitor adherence to sanctions and screening tools. Fulfil statutory obligations under SMF 17 (Money Laundering Reporting Function). Participate as an active member of the Executive Risk Committee. Requirements: Education: Bachelor’s Degree or equivalent preferred. Professional Qualifications: ICA Diploma in Governance, Risk & Compliance, Anti Money Laundering, or Financial Crime Prevention (or equivalent). Experience: Minimum 10 years o…
Money Laundering Reporting Officer - SMF 17 employer: Broadgate Search Ltd
Contact Detail:
Broadgate Search Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Money Laundering Reporting Officer - SMF 17
✨Tip Number 1
Familiarize yourself with the latest AML regulations and compliance frameworks. Staying updated on changes in legislation will not only enhance your knowledge but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the financial crime prevention field. Attend industry conferences or webinars to connect with others and gain insights that could be beneficial during interviews.
✨Tip Number 3
Prepare to discuss real-world scenarios where you successfully identified and managed risks related to money laundering. Concrete examples will showcase your expertise and problem-solving skills.
✨Tip Number 4
Research our company’s values and recent initiatives in AML compliance. Tailoring your conversation to align with our mission will help you stand out as a candidate who is genuinely interested in joining our team.
We think you need these skills to ace Money Laundering Reporting Officer - SMF 17
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities of a Money Laundering Reporting Officer. Familiarize yourself with AML/CTF frameworks and the specific requirements mentioned in the job description.
Tailor Your CV: Highlight your relevant experience, especially in AML compliance, risk assessment, and financial crime prevention. Use specific examples that demonstrate your expertise and achievements in these areas.
Craft a Strong Cover Letter: In your cover letter, express your passion for combating financial crime and your commitment to regulatory compliance. Mention how your background aligns with the role's requirements and how you can contribute to the bank's objectives.
Showcase Relevant Qualifications: If you have the ICA Diploma or equivalent qualifications, make sure to emphasize them in your application. Discuss how these qualifications have prepared you for the challenges of the MLRO role.
How to prepare for a job interview at Broadgate Search Ltd
✨Know Your AML Regulations
Make sure you are well-versed in the latest Anti-Money Laundering (AML) regulations and financial crime prevention measures. Be prepared to discuss how these regulations impact the role of an MLRO and how you would implement them effectively within the bank.
✨Demonstrate Risk Assessment Skills
Be ready to explain your experience with conducting risk assessments and developing mitigating controls. Provide specific examples of how you've identified risks in previous roles and the strategies you employed to address them.
✨Showcase Your Communication Skills
As the primary contact with the NCA and other agencies, strong communication skills are essential. Prepare to discuss how you have effectively communicated complex AML issues to senior management and staff in the past.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in real-world situations. Think about past experiences where you had to analyze unusual transactions or manage SARs, and be ready to walk through your thought process.
