At a Glance
- Tasks: Ensure compliance with AML regulations and manage risks related to suspicious activities.
- Company: Join a forward-thinking organisation committed to ethical business practices.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic role with opportunities to collaborate across diverse teams.
- Why this job: Make a real impact in combating financial crime and fostering ethical financial ecosystems.
- Qualifications: Experience in AML compliance and strong analytical skills required.
The predicted salary is between 50000 - 70000 £ per year.
Job Title: Money Laundering Reporting Officer (MLRO)
Overview
We are seeking a dedicated and detail-oriented Money Laundering Reporting Officer (MLRO) to join our team. In this critical role, you will act as a key member of our compliance team, ensuring that the organization complies with all relevant Anti-Money Laundering (AML) regulations. You’ll play a pivotal role in managing risks related to suspicious activities, enhanced due diligence (EDD), customer due diligence (CDD), and compliance within cryptocurrency frameworks. This is an exciting opportunity for a professional committed to fostering ethical business practices and protecting our organization against financial crime.
We are committed to building an inclusive and diverse work environment. We encourage applicants from all backgrounds, including underrepresented groups, to apply.
Responsibilities
- Serve as the primary point of contact for all AML and combating the financing of terrorism (CFT)-related matters within the organization.
- Oversee compliance with AML regulations and ensure adherence to internal policies and procedures.
- Develop, implement, and maintain policies for Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes.
- Monitor and identify suspicious activities and prepare and file Suspicious Activity Reports (SARs) in a timely manner.
- Guide the organization in applying AML and CFT frameworks to cryptocurrency operations, ensuring compliance with jurisdictional crypto regulations.
- Proactively conduct risk assessments to identify vulnerabilities or potential areas of non-compliance.
- Train and educate internal teams on AML/CFT regulations and best practices.
- Stay abreast of the latest global AML/CFT trends, sanctions lists, and regulatory changes.
- Coordinate efforts with law enforcement agencies, auditors, and relevant stakeholders.
- Lead investigations related to AML breaches and propose mitigative actions where necessary.
- Develop and produce regular compliance reports for senior management and regulatory bodies.
Qualifications
- Proven experience as an MLRO, AML compliance officer, or in a similar role.
- In-depth knowledge of AML, CFT, and KYC (Know Your Customer) regulations and best practices.
- Hands-on experience in Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes, particularly in financial services or crypto industries.
- Proficiency in identifying and reporting suspicious activities and preparing SARs.
- Strong understanding of cryptocurrency frameworks and their associated compliance risks.
- Excellent analytical skills with a keen eye for detail and a proactive approach to problem-solving.
- Proven ability to create and implement company-wide compliance policies and manage related training initiatives.
- Strong interpersonal and communication skills to work effectively across diverse teams.
- Relevant AML certifications (e.g., CAMS, ICA Diploma in AML, or equivalent) are a plus.
Day-to-Day
- Monitoring daily transactions to detect potential money laundering or other suspicious activity in real-time.
- Ensuring appropriate risk levels are applied during the EDD/CDE processes for new customers and ongoing account reviews.
- Collaborating with legal, operations, and other internal teams to ensure a seamless compliance workflow.
- Regularly reviewing and testing the effectiveness of AML/CFT policies and controls.
- Responding swiftly and appropriately to risk alerts generated by internal systems or external regulatory changes.
- Participating in strategy sessions to improve compliance frameworks, particularly as regulations evolve.
- Conducting training sessions to raise company-wide awareness of AML compliance responsibilities.
- Preparing and presenting AML reports to leadership and regulatory authorities to meet reporting obligations.
This is a challenging yet rewarding role that requires commitment, attention to detail, and a passion for fostering ethical financial ecosystems. If you are enthusiastic about ensuring full regulatory compliance while tackling financial crime, apply now to make a meaningful impact!
Equal Opportunity Employer
We are an equal opportunity employer and welcome applications from individuals of all backgrounds, including but not limited to gender identity, race, ethnicity, age, disability, sexual orientation, religion, and socioeconomic status. We believe in creating an inclusive workplace where everyone’s unique contributions are valued.
Tagged as: AML, CDD, EDD, Licence Approval, Money Laundering
Money Laundering Reporting Officer employer: Cameron Kennedy
As a leading management consultancy, our client offers an exceptional work environment that fosters collaboration and innovation, particularly for professionals engaged in US GAAP to IFRS conversion projects. With a remote working model, employees enjoy the flexibility of working from anywhere in the UK while being part of a dynamic team that supports their professional growth through exposure to high-profile clients and complex financial challenges. The company values strong communication and project management skills, ensuring that every team member can contribute meaningfully to impactful projects.
StudySmarter Expert Advice🤫
We think this is how you could land Money Laundering Reporting Officer
✨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 Cameron Kennedy looking for candidates who are engaged and informed.
We think you need these skills to ace Money Laundering Reporting Officer
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 Cameron Kennedy. 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 Cameron Kennedy
✨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 Cameron Kennedy’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
