At a Glance
- Tasks: Support the MLRO in tackling financial crime and ensure compliance with regulations.
- Company: Join an international finance bank with a strong presence in London.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Dynamic role with opportunities to engage with law enforcement and regulators.
- Why this job: Make a real difference in preventing financial crime while growing your expertise.
- Qualifications: Experience in financial services and knowledge of money laundering regulations required.
The predicted salary is between 60000 - 80000 £ per year.
THE COMPANY: We have been instructed by an international Private, corporate & specialist finance bank who has their European hub in London. They provide a range of corporate banking, Private banking and real estate services.
THE RESPONSIBILITIES:
- Provide direct support and assistance to the MLRO in all matters relating to financial crime.
- Represent the MLRO where authority has been formally delegated and deputise in the MLRO’s absence for all AML/CTF related matters.
- Carry out periodic monitoring and reviews of clients and account activity, escalating findings as appropriate.
- In conjunction with the MLRO, ensure financial crime laws, regulations, policies and requirements are interpreted and clearly communicated to management and staff.
- Ensure that money laundering developments relevant to the Business are identified and their impact communicated to senior management.
- Liaise with management, business and back-office functions to ensure that the Business adheres to its legal and regulatory responsibilities in relation to the prevention of money laundering and financial crime.
- Identify, communicate and oversee the implementation of new/revised anti-money laundering laws and regulations in accordance with the requirements of the Group AML Manual.
- Develop and maintain anti-money laundering procedures.
- Build relationships with key personnel in the Bank to assist with the production and implementation of Financial Crime procedures and policies.
- Designated Business Reporting Officer for Financial Crime Operational Risk Self-Assessment reporting.
- Review and approve EDD files prior to on-boarding of new high-risk customers and as part of the periodic review process.
- Review and approve (or reject) real time alerts in SWIFT, for payments that have been intercepted due to potential sanctions matches or due to the involvement of high-risk jurisdictions.
- Keep under review and update as required, subject to Management approval, the list of High-Risk Countries.
- Review internal reports of suspected money laundering, and prepare external reports to the relevant authorities where appropriate.
- In conjunction with the MLRO and HR, ensure that Financial Crime training programmes are comprehensive and fit for purpose and delivered to all relevant staff.
- Assist in the provision of regular reporting to UK/Group Senior Management, including the annual MLRO report.
- Assume responsibility for the management and development of the Financial Crime Compliance resources.
- Represent on external bodies such as MLAP and AMLP.
- Undertake ongoing training and attend external events to develop and maintain Financial Crime knowledge on an ongoing basis.
- Develop and maintain sound working relationships with key external stakeholders, including law enforcement, NCA and regulators.
EXPERIENCE REQUIRED:
- Previous experience as a Deputy Money Laundering Reporting Officer in the financial services sector.
- Knowledge of all applicable banking, company and securities laws and regulations.
- Detailed knowledge of the Money Laundering Regulations 2017, JMLSG Guidance Notes, the FCA Handbook, the Proceeds of Crime Act, the Terrorism Act and the Criminal Justice Act, as updated and superseded.
- Pro-active, results oriented, self-driven; ability to work independently and in a team, to solve problems in a constructive and timely manner.
- Proven experience in dealing with money laundering matters.
- Sound working knowledge of MS Word, Excel and Outlook.
For further information, please contact Hannah Tabatabai.
DMLRO in London employer: Compliance Professionals
As a leading international private and corporate finance bank with its European hub in London, we pride ourselves on fostering a dynamic work culture that prioritises employee growth and development. Our commitment to compliance and financial crime prevention not only ensures a secure working environment but also offers our employees the opportunity to engage in meaningful work that directly impacts the integrity of the financial system. Join us to be part of a collaborative team where your contributions are valued and your professional journey is supported.
StudySmarter Expert Advice🤫
We think this is how you could land DMLRO in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who know about financial crime compliance. A friendly chat can lead to insider info on job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of AML regulations and recent developments in financial crime. We want you to be the go-to person in the room, so show off your expertise and confidence!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each one. We’re here to help you land that dream job!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the DMLRO position.
We think you need these skills to ace DMLRO in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the DMLRO role. Highlight your experience in financial crime and compliance, and don’t forget to mention any relevant laws and regulations you’re familiar with. We want to see how your background fits with what we do!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills align with our needs. Be specific about your previous experiences that relate to AML/CTF matters – we love a good story!
Showcase Your Knowledge:In your application, demonstrate your understanding of the Money Laundering Regulations and other relevant laws. Mention any training or certifications you have that relate to financial crime compliance. We appreciate candidates who are proactive and knowledgeable!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at Compliance Professionals
✨Know Your Regulations
Make sure you brush up on the Money Laundering Regulations 2017 and other relevant laws. Being able to discuss these confidently will show that you're not just familiar with the role but also understand the legal landscape.
✨Demonstrate Your Experience
Prepare specific examples from your previous roles where you've successfully handled AML/CTF matters. This could include how you managed high-risk customers or implemented new procedures. Real-life scenarios can really make you stand out.
✨Build Relationships
Think about how you would approach building relationships with key personnel in the bank. Be ready to discuss your strategies for liaising with management and back-office functions to ensure compliance. This shows you’re a team player who values collaboration.
✨Stay Updated
Show your commitment to ongoing learning by discussing any recent training or events you've attended related to financial crime. This demonstrates your proactive attitude and dedication to staying informed about industry developments.
