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- Tasks: Lead the MLRO function, ensuring compliance with AML policies and guiding stakeholders on financial crime.
- Company: Join a top banking group serving millions of corporate clients globally.
- Benefits: Enjoy competitive pay, professional development opportunities, and a dynamic work environment.
- Why this job: Make a real impact in financial crime prevention while working in a reputable institution.
- Qualifications: Experience in financial services, particularly in Wholesale, Investment, or Corporate Banking is essential.
- Other info: Annual refresher training on AML and financial crime will be provided.
The predicted salary is between 43200 - 72000 £ per year.
Our client is one of the leading banking groups, with millions of corporate clients worldwide. Assume responsibility for the MLRO function for the Bank, ensuring all AML policies and procedures are communicated to all stakeholders and to provide on-going guidance to front office on matters relating to financial crime.
Perform an annual risk assessment of AML for the Bank, submitting the MLRO Report to the senior management documenting findings and recommendations, if any. Review local AML procedures for compliance with UK country specific requirements, ensuring the annual benchmarking exercise is conducted accordingly in this regard.
Be responsible for the Suspicious Activity reports, making disclosures to NCA, where MLRO judges this to be applicable and necessary. Instigate a periodic review of the risk assessment for bribery and corruption in line with the UK Bribery Act 2010.
Arrange for annual refresher training to all staff on AML and financial crime in accordance with UK laws. Experience within a similar financial services firm (Wholesale, Investment or Corporate Bank).
MLRO (SMF17) employer: Confidential
Contact Detail:
Confidential Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land MLRO (SMF17)
✨Tip Number 1
Network with professionals in the financial services sector, especially those who have experience in AML and compliance roles. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in financial crime prevention.
✨Tip Number 2
Familiarise yourself with the UK Bribery Act 2010 and other relevant regulations. Being well-versed in these laws will not only enhance your understanding of the role but also demonstrate your commitment to compliance during interviews.
✨Tip Number 3
Consider obtaining relevant certifications in anti-money laundering or financial crime prevention. This can set you apart from other candidates and show that you are serious about your professional development in this field.
✨Tip Number 4
Prepare for the interview by thinking of specific examples from your past experience where you successfully managed AML policies or conducted risk assessments. Being able to discuss your hands-on experience will make a strong impression on the hiring team.
We think you need these skills to ace MLRO (SMF17)
Some tips for your application 🫡
Understand the Role: Familiarise yourself with the responsibilities of the MLRO position. Highlight your understanding of AML policies, financial crime prevention, and compliance with UK regulations in your application.
Tailor Your CV: Ensure your CV reflects relevant experience in financial services, particularly in roles related to AML and compliance. Use specific examples that demonstrate your ability to manage risk assessments and communicate effectively with stakeholders.
Craft a Strong Cover Letter: Write a compelling cover letter that outlines your motivation for applying and how your skills align with the job requirements. Mention your experience with suspicious activity reports and training staff on AML procedures.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for the MLRO role.
How to prepare for a job interview at Confidential
✨Understand AML Regulations
Make sure you have a solid grasp of Anti-Money Laundering (AML) regulations, especially those specific to the UK. Familiarise yourself with the UK Bribery Act 2010 and be prepared to discuss how these laws impact the role of an MLRO.
✨Showcase Your Risk Assessment Skills
Be ready to talk about your experience in conducting risk assessments. Highlight any specific methodologies you've used and how you've applied them in previous roles, particularly in relation to financial crime.
✨Prepare for Scenario Questions
Expect scenario-based questions where you may need to demonstrate how you would handle suspicious activity reports or compliance issues. Think through potential situations and your responses to show your problem-solving skills.
✨Emphasise Communication Skills
As an MLRO, you'll need to communicate complex AML policies to various stakeholders. Be prepared to discuss how you've effectively communicated such information in the past, ensuring clarity and understanding among all parties involved.
