At a Glance
- Tasks: Lead compliance, financial crime risk management, and data protection for a dynamic EMI.
- Company: Join a forward-thinking Electronic Money Institution in London.
- Benefits: Enjoy competitive salary, flexible working, and ongoing professional development.
- Other info: UK-based applicants only; must pass background checks.
- Why this job: Shape the compliance culture and make a real impact in a high-stakes environment.
- Qualifications: 5-7 years of senior compliance experience and strong regulatory knowledge required.
The predicted salary is between 70000 - 90000 £ per year.
On-site | UK | Full-time (Hybrid/Remote - Office located in London) | UK Residence is a must
We are seeking a highly experienced Senior Compliance Officer, MLRO & DPO to lead our regulatory compliance, financial crime risk management, and data protection functions for our FCA-regulated Electronic Money Institution (EMI). The successful candidate will hold a triple-mandate responsibility: acting as the Money Laundering Reporting Officer (MLRO), Chief Risk & Compliance Officer (CRCO), and Data Protection Officer (DPO). You will be the primary guardian of our operational integrity, ensuring full adherence to FCA regulations, UK GDPR, and global AML/CTF standards.
Key Responsibilities
- Regulatory Oversight & Liaison (CRCO & MLRO)
- Central Liaison: Serve as the primary point of contact for the FCA, NCA, ICO, and law enforcement agencies.
- Regulatory Intelligence: Monitor and analyze new developments (FCA Handbook, PSRs/EMRs, Consumer Duty) and implement necessary changes to business activities.
- Board Advisory: Provide strategic advice to the Executive Board and CEO on regulatory obligations, escalating material breaches or significant financial crime risks promptly.
- Reporting: Prepare and submit quarterly Regulatory Assurance Reports, the Annual MLRO Report, and all required EMI-specific disclosures.
- Risk Management & Governance
- Framework Ownership: Design and maintain the Enterprise-Wide Risk Management (ERM) program, Risk Appetite Statement, and Risk Register.
- Internal Controls: Proactively identify operational, safeguarding, and conduct risks. Conduct annual Risk & Control Self-Assessments (RCSA).
- Product Compliance: Approve new products and initiatives using “Compliance by Design” principles, ensuring all marketing and client agreements meet FCA standards.
- Reporting Metrics: Collect and analyze KRIs and KPIs, maintaining a comprehensive Incidents Log to evaluate non-compliance risks.
- AML/CTF & Financial Crime Prevention (MLRO)
- Program Management: Build and oversee the AML/CTF framework, including PEPs, Sanctions, and Transaction Monitoring policies.
- SAR Management: Act as the nominated officer for receiving, assessing, and submitting Suspicious Activity Reports (SARs) to the NCA.
- High-Risk Oversight: Sign off on Enhanced Due Diligence (EDD) and onboarding decisions for high-risk customers.
- Monitoring & Calibration: Oversee Transaction Monitoring system thresholds, quality-assuring alerts and managing account suspensions.
- Data Protection & Privacy (DPO)
- GDPR Compliance: Monitor adherence to the UK GDPR and Data Protection Act 2018.
- Privacy Tools: Maintain the Record of Processing Activities (ROPA), data mapping, and conduct Data Protection Impact Assessments (DPIAs).
- Rights Management: Lead the response to Data Subject Access Requests (DSARs) and manage data breach handling/notifications to the ICO.
- Third-Party Risk: Review cross-border data transfers (SCCs) and conduct compliance audits of third-party data processors.
- Training, Audit & Culture
- Educational Leadership: Deliver firm-wide training on AML, SAR processes, data privacy, and the firm’s compliance culture.
- Monitoring Plan: Execute the Compliance Monitoring Plan, including internal audits and testing of control effectiveness across all departments.
Qualifications & Experience
- Education: Bachelor’s or Master’s degree in Law, Finance, or Business. Professional certifications (CAMS, ICA, or CIPP/E) are highly desirable.
- Experience: Minimum 5-7 years of senior compliance experience within a UK FCA-regulated financial institution (EMI, PI, or Bank).
- Regulatory Expertise: Deep technical knowledge of the Money Laundering Regulations 2017, FCA Specialist Sourcebooks, and UK GDPR.
- Leadership: Proven track record of interacting with the FCA/NCA and reporting directly to a Board of Directors.
Key Competencies
- Risk-Based Decision Making: Ability to make critical decisions in high-pressure, complex regulatory scenarios.
- Tech-Savvy Approach: Proficiency with compliance tools (e.g., Sumsub, LexisNexis, ComplyAdvantage) and transaction monitoring systems.
- Analytical Excellence: Strong ability to translate complex legal requirements into actionable operational procedures.
- Communication: Exceptional written and verbal communication skills for regulatory reporting and internal stakeholder management.
Why Join Us?
- High-Impact Role: A visible, senior position where you shape the compliance DNA of a growing EMI.
- Dynamic Environment: Work with a forward-thinking team committed to innovation and client protection.
- Professional Growth: Support for ongoing training and specialized certifications.
Benefits
- Competitive salary commensurate with seniority and experience.
- Flexible/Hybrid working arrangements.
- Comprehensive benefits package and performance-based bonuses tied to Compliance KPIs.
Note: Only UK-based applications will be considered for this role. Successful candidates must pass enhanced background and credit checks.
Senior Compliance Officer / MLRO employer: Dormont Manufacturing Co
Join a dynamic and innovative Electronic Money Institution (EMI) in London, where you will play a pivotal role as a Senior Compliance Officer, MLRO & DPO. Our company fosters a collaborative work culture that prioritises professional growth through ongoing training and support for specialised certifications, all while offering flexible hybrid working arrangements and a competitive benefits package. As a key player in our compliance team, you will have the opportunity to shape the compliance framework of a forward-thinking organisation dedicated to client protection and regulatory excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Officer / MLRO
✨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 Dormont Manufacturing Co looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Compliance Officer / MLRO
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 Dormont Manufacturing Co. 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 Dormont Manufacturing Co
✨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 Dormont Manufacturing Co’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
