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- Tasks: Lead compliance efforts and tackle financial crime challenges in a dynamic banking environment.
- Company: Global financial institution committed to exceptional service and regulatory excellence.
- Benefits: Competitive salary, career development opportunities, and a supportive team culture.
- Why this job: Make a real impact in combating financial crime while advancing your compliance career.
- Qualifications: Experience in AML/DMLRO and strong knowledge of sanctions regimes required.
- Other info: Join a collaborative team with excellent growth potential in the finance sector.
The predicted salary is between 36000 - 60000 £ per year.
Our client is a global financial institution dedicated to delivering exceptional customer service while adhering to the highest standards of regulatory compliance. The role is responsible for overseeing the design, implementation, and monitoring of the Compliance and Financial Crime frameworks, acting as the deputy for MLRO responsibilities.
Deputy Money Laundering Reporting Officer (DMLRO) Responsibilities:
- Assist the MLRO in managing the Branch’s financial crime and anti-money laundering (AML) obligations.
- Assist in the monitoring and review of transactions for potential money laundering or terrorist financing activities, including sanctions and PEP screening processes.
- Respond to escalations regarding suspicious transactions and sanctions screening.
- Provide leadership within the financial crime function, influences and challenges stakeholders on AML, CTF and sanctions matters.
- Assist in filing suspicious activity reports (SARs) with the National Crime Agency (NCA) in accordance with regulatory requirements.
- Support the MLRO in responding to internal reports of suspicious transactions.
- Ensure the Branch’s sanctions compliance with the relevant UK regulators and authorities, including HM Treasury, the EU, and the UN.
- Assist in conducting sanctions searches and payment screening escalations.
- Provide training and awareness for staff on AML and compliance policies and regulations.
- Make annual reports to senior management on AML and compliance matters.
Senior Compliance Officer Responsibilities:
- Assist the Head of Compliance and Risk in ensuring that the compliance function remains up to date with FCA, PRA, JMLSG, UK Money Laundering Regulations, and other applicable standards.
- Provide leadership within the Compliance and Risk function by supporting team members, promoting knowledge sharing, and reinforcing a strong compliance culture.
- Execute the Compliance Monitoring Programme (CMP) according to the schedule.
- Prepare reports for management on the status of compliance and financial crime, as well as other ad hoc matters.
- Promote a culture of compliance within the Branch and provide the Branch Committees with updated information to aid in drafting internal policies in line with UK law and best practices.
- Serve as Secretary to the Compliance and Risk Committee.
- Support the preparation of various reports for the Branch’s use.
- Review policies and procedures regularly to ensure they are up-to-date.
- Liaise with auditors during internal audits, including collecting documentation and addressing findings.
- Liaise with the Head of Compliance to manage responses to regulatory enquiries.
- Influence and challenge stakeholders effectively, ensuring that compliance and financial crime considerations are reflected in business activities and decisions.
Experience Required:
- Must have Banking products – wholesale banking, trade finance, corporate banking.
- Candidate must have AML/DMLRO experience and ideally some generalist Compliance experience too.
- Strong knowledge of sanctions regimes, including OFSI (UK), OFAC (US), EU sanctions, and UN Security Council measures.
- Experience overseeing sanctions screening processes and investigating sanctions alerts.
- Understanding of sector specific sanctions risks relevant to wholesale, trade finance, and corporate banking.
- Banking products – wholesale, trade finance, corporate banking.
- Transaction monitoring and financial crime systems.
- Proficient in Excel (data analysis, dashboards), PowerPoint (concise MI packs, regulatory presentations).
Senior Compliance Officer – Deputy MLRO employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Officer – Deputy MLRO
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial sector, especially those who are already in compliance roles. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of AML regulations and compliance frameworks. We recommend creating a cheat sheet with key points to discuss, so you can impress the interviewers with your expertise.
✨Tip Number 3
Showcase your leadership skills! Be ready to share examples of how you've influenced stakeholders or led teams in previous roles. This will highlight your fit for the Senior Compliance Officer position.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Compliance Officer – Deputy MLRO
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Compliance Officer role. Highlight your experience with AML, DMLRO responsibilities, and any relevant banking products. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to compliance and financial crime, and show us your passion for regulatory standards.
Showcase Your Leadership Skills: Since this role involves providing leadership within the compliance function, make sure to highlight any past experiences where you've influenced stakeholders or led a team. We love seeing candidates who can inspire others!
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 makes the process smoother for everyone involved.
How to prepare for a job interview at Compliance Professionals
✨Know Your Regulations
Make sure you brush up on the latest FCA, PRA, and JMLSG regulations. Being able to discuss these confidently will show that you're not just familiar with compliance but are also proactive about staying updated.
✨Demonstrate Leadership Skills
As a Senior Compliance Officer, you'll need to lead and influence others. Prepare examples of how you've successfully led teams or projects in the past, especially in financial crime or AML contexts.
✨Prepare for Scenario Questions
Expect questions that put you in hypothetical situations related to AML and compliance. Think through your responses to scenarios involving suspicious transactions or regulatory challenges, showcasing your analytical and decision-making skills.
✨Showcase Your Technical Skills
Since proficiency in Excel and PowerPoint is crucial, be ready to discuss how you've used these tools in your previous roles. Bring examples of dashboards or reports you've created that demonstrate your data analysis capabilities.
