At a Glance
- Tasks: Lead the fight against financial crime and ensure compliance with regulations.
- Company: Join Corpay, a global leader in innovative payment solutions.
- Benefits: Enjoy competitive salary, private medical insurance, and flexible leave options.
- Other info: Dynamic work environment with opportunities for professional growth.
- Why this job: Make a real impact in combating money laundering and financial crime.
- Qualifications: 10+ years in financial crime compliance with strong regulatory judgement.
The predicted salary is between 75600 - 92400 £ per year.
Corpay is currently looking to hire a Money Laundering Reporting Officer (MLRO) within our Alpha FX / Alpha Group Division. This position falls under our Cross Border line of business and is located in London. In this role you will be responsible for leading the firm's Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), sanctions and broader financial crime framework. The MLRO acts as the firm's Nominated Officer under the Money Laundering Regulations and Proceeds of Crime Act, ensuring compliance with FCA requirements while supporting the business in managing financial crime risks associated with international payments and FX services. You will report directly to the Chief Compliance Officer, Cross-Border Payments and will regularly collaborate with the wider Compliance team and various business teams.
Role Responsibilities
- Performing the SMF17 (Money Laundering Reporting Officer/MLRO) function under the Senior Managers & Certification Regime.
- Act as the firm's Nominated Officer under the Money Laundering Regulations.
- Maintain compliance with FCA Handbook (SYSC, SUP, DEPP), Money Laundering Regulations, Proceeds of Crime Act, Terrorism Act, and UK Sanctions regime.
- Managing compliance oversight of key Financial Crime Frameworks and ensure that the framework and processes remain aligned with applicable regulatory requirements, industry best practice, and the firm's evolving financial crime risk profile.
- Providing regular MLRO reports to the Board and relevant governance committees.
- Owning and periodically refreshing the firm's Financial Crime Risk Assessment.
- Oversee and support the firm's AML Monitoring Program, internal and external audits, FCA remediation actions, and regulatory inspections.
- Oversee and assist with the onboarding of new clients through a rigorous KYC verification process.
- Act as the firm's Nominated Officer for Suspicious Activity Reporting.
- Assist with designing and delivering an effective financial crime training program.
- Ensure compliance with all aspects of Electronic Money Issuer registration.
- Manage a small team of Compliance Analysts responsible for compliance operational workflows.
- Leading the firm's financial crime engagement with the FCA, National Crime Agency, Office of Financial Sanctions Implementation, Internal Audit and external auditors.
- Monitoring regulatory developments and ensure the firm's financial crime programme remains aligned with evolving FCA expectations, UK legislation and industry best practice.
Qualifications and Skills
- 10 plus years of strong regulatory judgement and a risk-based approach to decision-making.
- Excellent stakeholder management and communication skills.
- Significant experience (typically 7+ years) serving as an MLRO, Deputy MLRO or senior financial crime leader within an FCA-regulated financial institution.
- Strong knowledge of UK AML, sanctions, payment services and financial crime regulations.
- Proven people leadership and stakeholder management skills.
- Eligible to perform the SMF17 function, subject to FCA approval.
What We Offer
- Competitive salary based on experience.
- Paid annual leave plus bank holidays.
- Option to buy or sell up to 5 days of annual leave annually.
- Pension scheme.
- Private Medical Insurance.
- Access to the Gratitudes benefits platform.
- Free access to LinkedIn Learning.
Corpay is committed to fostering an inclusive and respectful workplace where employees are valued for their diverse perspectives, experiences, and contributions.
Money Laundering Reporting Officer (MLRO), UK in London employer: Corpay
Corpay is an exceptional employer that fosters a collaborative and innovative work culture, particularly within the dynamic fintech sector in London. Employees benefit from a hybrid work environment, comprehensive private healthcare, and a robust pension scheme, alongside ample opportunities for professional growth and mentorship. Joining Corpay means being part of a forward-thinking team dedicated to shaping the future of payments while enjoying a supportive atmosphere that values your contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Money Laundering Reporting Officer (MLRO), UK in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Corpay looking for candidates who are engaged and informed.
We think you need these skills to ace Money Laundering Reporting Officer (MLRO), UK in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Corpay. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Corpay
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Corpay’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
