At a Glance
- Tasks: Lead compliance efforts and manage anti-money laundering strategies in a dynamic casino environment.
- Company: Join a leading casino operator in Stratford, London with a strong commitment to compliance.
- Benefits: Competitive salary, career growth opportunities, and a chance to make a real impact.
- Other info: Collaborative team culture focused on ethical practices and continuous improvement.
- Why this job: Shape the future of compliance in the gambling industry and protect the brand's reputation.
- Qualifications: 3+ years in regulatory compliance or AML management, preferably in gambling.
The predicted salary is between 90000 - 100000 £ per year.
- Salary
- 90,000 - 100,000
- Job Type
- Permanent
- Location
Stratford, London Our client is seeking an experienced Head of Compliance and Money Laundering Reporting Officer, to be based at their head office in Stratford, London.
The Head of Compliance and Money Laundering Reporting Officer role is integral to key stakeholders, governing body licensing and the general operation, providing regulatory reporting and advice, managing relationships with regulators, and identifying areas for regulatory improvement for the Casino.
Role
Responsibilities:• Ensuring compliance with anti-money laundering (AML) and counter-terrorism/proliferation financing (CTF/P) and Proceeds of Crime (Po C) regulations.
- Ensuring appropriate Customer Due Diligence (CDD), Standard Due Diligence (SDD) and Enhanced Due Diligence (EDD) for all members.
- Maintaining records for Politically Exposed Persons (PEPs) and Special Interest Persons (SIPs).
- Monitoring high-risk members and reporting to senior management.
- Reviewing and updating AML processes and the risk management framework.
- Handling Suspicious Transaction Reports (STRs) and Suspicious Activity (SAR) reporting to the National Crime Agency (NCA) as necessary.
- Collaborating with external agencies such as the Police, HMRC, NCA, and the Gambling Commission (GC).
- Continually improving compliance policies, procedures, and processes.
- Working with the Compliance Operations Team to regularly review AML systems and processes.
- Managing the regulatory compliance and risk policy, procedures, and guidance.
- Developing and implementing the annual assurance plan and remedial action plans.
- Overseeing the Safer Gambling strategy and managing compliance-related projects.
- Completion of AML/CTF/P Risk Assessment.
- Key
Accountabilities:1.
Regulatory Compliance, Assurance, and Safer Gambling Responsibilities - Ensures that appropriate compliance and assurance processes are in place to comply with all regulatory compliance and licensing policy requirements to protect company licences and brand reputation. 2.
Anti-Money Laundering - Ensure that end users enjoy a positive compliance experience through meeting service standards. 3.
Teamwork - Fosters a professional and ethical working culture applied appropriately across a diverse workforce and customer base.
Selection Criteria includes:• Minimum 3 years, experience in a Regulatory Compliance or AML management role, ideally within the gambling industry.
- Has extensive operational and regulatory analysis, and report writing experience.
- Able to demonstrate a proven track record in developing regulatory related policies and operating procedures.
- Holds a UK PML or can obtain said industry license.
- Shows understanding and application of Anti-Money Laundering regulations to business processes.
- Has a strong knowledge of regulatory frameworks and risk mitigation strategies.
- Demonstrates they have experienced people management skills.
Should you have any questions or wish to apply please do not hesitate to contact Clear IT Recruitment Limited.
Please
Note: Due to the number of applications we receive we may be unable to respond to every application directly.
If you have not heard from us within 3 working days please assume your application has been unsuccessful.
Head of Compliance and Money Laundering Reporting Officer in London employer: Clear IT Recruitment
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StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance and Money Laundering Reporting Officer in 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 Clear IT Recruitment looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Compliance and Money Laundering Reporting Officer in 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 Clear IT Recruitment. 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 Clear IT Recruitment
✨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 Clear IT Recruitment’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
