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, flexible leave options, and private medical insurance.
- Other info: Dynamic workplace with a commitment to diversity and inclusion.
- Why this job: Make a real impact in combating financial crime while growing your career.
- Qualifications: 10+ years in financial crime compliance and strong regulatory knowledge required.
The predicted salary is between 70000 - 90000 £ 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 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
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Corpay. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Money Laundering Reporting Officer (MLRO), UK
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Corpay.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Corpay's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Corpay
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Corpay.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Corpay will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Corpay employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
