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- Tasks: Lead anti-money laundering efforts and ensure compliance with financial crime regulations.
- Company: Dynamic financial services firm committed to integrity and compliance.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Why this job: Make a real difference in the fight against financial crime while advancing your career.
- Qualifications: 5+ years in AML compliance with strong leadership and analytical skills.
- Other info: Join a team that values innovation and offers excellent career growth opportunities.
The predicted salary is between 43200 - 72000 ÂŁ per year.
Job Title
Money Laundering Reporting Officer (MLRO)
Location
London
Department
Compliance
Reports To
General Counsel
Job Purpose
We’re looking for an MLRO to oversee compliance with anti-money laundering, counterterrorism, sanctions and anti-fraud regimes. The MLRO is a senior manager within the second line of defence tasked with assuring the business and its member companies operate in compliance with relevant laws and regulations. The role is the focal point for AML activities and, where required, holds the SMF‑17 function subject to FCA approval for any in‑scope services.
Key Responsibilities
- Develop, implement and maintain the company’s financial crime policies and procedures, reviewing annually or more frequently as regulation changes.
- Ensure compliance with all relevant financial crime regulations.
- Act as the primary point of contact for all financial‑crime related matters, advising first‑line teams.
- Propose and implement technical solutions, using automation where possible to ensure scalability.
- Conduct regular risk assessments to identify and mitigate potential AML risks through enterprise‑wide reviews and develop metrics to track risk appetite.
- Oversee monitoring and reporting of suspicious activities and transactions where required.
- Liaise with regulatory bodies, law enforcement agencies, and other external stakeholders as necessary.
- Provide training and guidance to staff on AML policies and procedures.
- Prepare and submit regular AML reports to senior management and the board, including the annual MLRO report.
- Ensure the AML program is up‑to‑date with the latest regulatory changes and industry best practices.
- Manage and oversee the AML compliance team, including a senior deputy.
Qualifications and experience
Essential
- Proven track record of managing AML programs and teams.
- Minimum of 5 years of AML compliance experience in financial services (credit, insurance or lending).
- Strong analytical and problem‑solving skills.
- Excellent communication and interpersonal skills.
- Ability to work independently and make decisions with minimal supervision.
- Experience dealing with regulatory bodies and law enforcement agencies.
- Strong leadership and team management skills.
- Strong understanding of AML regulations and compliance requirements.
- Ability to analyse complex information and make informed decisions.
- Excellent organisational and time‑management skills.
- Proficiency in using AML software and tools such as transaction monitoring, NCA SAR Portal and/or ID&V.
Desirable
- Bachelor’s degree in finance, law, business administration or a related field.
- Professional certification in AML (e.g., CAMS, ICA Diploma in AML).
- Previously approved by the FCA as an SMF‑17 and/or an EMD approved individual.
Additional Information
- Role requires holding the SMF‑17 function for any in‑scope services provided as defined by the FCA.
- Successful candidate will undergo full background checks, including criminal, financial and regulatory references covering the last 6 years of employment history.
- Regulatory references are mandatory and in addition to standard employment references.
- Regulatory approval is expected to be obtained during the probationary period if required.
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Money Laundering Reporting Officer employer: Course
Contact Detail:
Course Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Money Laundering Reporting Officer
✨Tip Number 1
Network like a pro! Get out there and connect with people in the compliance and financial crime sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your AML knowledge. Make sure you can discuss recent regulatory changes and how they impact compliance. We recommend practising common interview questions related to financial crime and having examples ready that showcase your experience.
✨Tip Number 3
Showcase your leadership skills! As an MLRO, you’ll need to manage teams and communicate effectively. Be ready to share examples of how you’ve led teams or projects in the past, especially in high-pressure situations. This will help you stand out as a strong candidate.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search. So, get your application in and let’s get the ball rolling!
We think you need these skills to ace Money Laundering Reporting Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the MLRO role. Highlight your experience in managing AML programs and compliance, and don’t forget to showcase your analytical skills and leadership experience. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about AML compliance and how your background makes you the perfect fit for us. Be sure to mention any relevant certifications or experiences that set you apart.
Showcase Your Communication Skills: As an MLRO, communication is key! In your application, demonstrate your ability to convey complex information clearly. Whether it's through your CV or cover letter, we want to see how you can effectively communicate with both teams and external stakeholders.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values!
How to prepare for a job interview at Course
✨Know Your AML Regulations
Make sure you brush up on the latest anti-money laundering regulations and compliance requirements. Being able to discuss specific laws and how they apply to the role will show that you're not just familiar with the basics, but that you’re genuinely engaged with the field.
✨Showcase Your Leadership Skills
As an MLRO, you'll be managing a team, so it's crucial to demonstrate your leadership experience. Prepare examples of how you've successfully led teams in the past, particularly in high-pressure situations or during compliance audits.
✨Prepare for Scenario Questions
Expect scenario-based questions where you’ll need to demonstrate your problem-solving skills. Think about potential AML risks and how you would address them. Practising these scenarios can help you articulate your thought process clearly during the interview.
✨Engage with the Interviewers
Don’t forget that interviews are a two-way street! Prepare thoughtful questions about the company’s current AML strategies and challenges. This shows your interest in the role and helps you gauge if the company is the right fit for you.