At a Glance
- Tasks: Support the MLRO in tackling financial crime and ensure compliance with regulations.
- Company: Join a leading international finance bank based in London.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to build relationships with key stakeholders and enhance your expertise.
- Why this job: Make a real difference in preventing financial crime while growing your career.
- 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 Slough 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 Slough
✨Network Like a Pro
Get out there and connect with people in the finance sector! Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Ace the Interview
Prepare for your interviews by researching the company and understanding their approach to financial crime. Be ready to discuss how your experience aligns with their needs, especially around AML/CTF matters. Practice common interview questions and have your own questions ready to show your interest!
✨Showcase Your Skills
When you get the chance, highlight your specific skills related to money laundering regulations and compliance. Use examples from your past roles to demonstrate how you’ve successfully navigated complex situations. This will help you stand out as a candidate who can hit the ground running.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly.
We think you need these skills to ace DMLRO in Slough
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 the perfect fit for the role and how your skills align with our needs. Be sure to mention your proactive approach and any specific experiences that relate to the responsibilities listed.
Showcase Your Knowledge:In your application, demonstrate your understanding of the Money Laundering Regulations and other relevant laws. We love candidates who can communicate complex information clearly, so don’t hold back on showcasing your expertise!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy to do!
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 in detail will show that you're not just familiar with the terms, but that you understand their implications for the role.
✨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 will make your experience more relatable and impressive.
✨Build Relationships
Since the role involves liaising with various departments, think about how you can demonstrate your relationship-building skills. Share examples of how you've collaborated with management or external stakeholders to enhance compliance and communication.
✨Stay Current
Show your commitment to ongoing learning by discussing any recent training or events you've attended related to financial crime. This will highlight your proactive approach and dedication to staying updated in a constantly evolving field.
