MLRO

THE COMPANY:

Our client is an International bank based in the West End. The position holder is responsible for the oversight of policies, controls and measures intended for the mitigation of financial crime risks

THE RESPONSIBILITIES:

Process:

• Formulate annual AML plan and perform the relevant quality assurance checks to ensure adherence.
• Ensure adequate policies and procedures in place for AML operations in the Branch
• Address issues relating to transaction monitoring and customer and payments screening for sanctions and AML purposes.
• Research and understand changes in regulation and advise business accordingly.
• Compile MI reports for the internal committees in the Branch and Head Office
• Carry out AML risk assessments, produce annual MLRO report and local Business-Wide Risk Assessment (BWRA), and report the findings to management and monitor completion of remedial procedures
• Identify, investigate, and resolve all activities that are deemed non-compliant.
• Provide advice regarding the implication of future business strategies on AML controls.
• Act as a subject matter expert for the business and point of reference to address related queries.
• Drive data-driven AML analytics and solutions to identify risks and devise corresponding mitigation
• Support Group Compliance Requirements, including in particular attention to the Compliance Target Operating Model (CTOM) and drive implementation within the Branch

People:

• Plan and arrange AML training sessions together with AML Manager.
• Maintain and update AML guidance materials, training resources, and controls.
• Engage the local Business units to drive an AML Compliance culture
• Ensure all relevant staff receive bespoke training on AML procedures pertaining to their role.

Customer:

• Enhance policies internally relating to AML in the Bank and oversee the implementation of those policies.
• Ensure that the firm’s strategies, governance, leadership, processes, and people policies (including incentives at all levels) reflect Consumer Duty and Treat Customers Fairly (“TCF”) obligations to act to deliver good outcomes for customers.
• Engage with the regulators / local law enforcement agencies and develop rapport with these external stakeholders
• Conduct due diligence reviews.

EXPERIENCE REQUIRED:

• SMF17 registered from a Banking background
• Several years’ experience working in the capacity of MLRO (SMF17), Deputy MLRO or similar capacity.
• Relevant knowledge of PRA/FCA regulation.
• Regulatory environment and control awareness.

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