At a Glance
- Tasks: Support the MLRO in tackling financial crime and ensure compliance with regulations.
- Company: Respected international banking organisation with a focus on financial crime compliance.
- Benefits: Competitive salary, career progression, and exposure to senior leadership.
- Other info: Opportunity for professional growth in a regulated environment.
- Why this job: Join a dynamic team and make a real impact in the fight against financial crime.
- Qualifications: Experience as a Deputy MLRO and strong knowledge of financial crime regulations.
The predicted salary is between 60000 - 75000 £ per year.
An established international banking organisation is seeking an experienced Deputy Money Laundering Reporting Officer (DMLRO) to join its Financial Crime Compliance team in London. This is a senior second-line compliance role offering the opportunity to work closely with the MLRO and senior leadership team, helping to shape and strengthen the organisation’s Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), and wider Financial Crime framework. The successful candidate will act as a key subject matter expert across financial crime matters and will deputise for the MLRO where required.
Key Responsibilities- Support the MLRO across all AML/CTF and financial crime activities
- Deputise for the MLRO in their absence on AML/CTF-related matters
- Conduct periodic monitoring and reviews of customer accounts and transactional activity
- Review and approve Enhanced Due Diligence (EDD) files for high-risk customers
- Review sanctions and payment screening alerts, including SWIFT payment investigations
- Assist with the development, implementation, and enhancement of AML policies and procedures
- Monitor regulatory developments and ensure compliance frameworks remain aligned with evolving requirements
- Prepare internal and external suspicious activity reporting where appropriate
- Support the delivery of financial crime training across the business
- Produce management information and contribute to senior management and annual MLRO reporting
- Maintain effective relationships with regulators, law enforcement agencies, and external industry bodies
- Manage and develop members of the Financial Crime Compliance team
- Previous experience operating as a Deputy MLRO within Banking (HNW, UHNW)
- Strong working knowledge of UK Money Laundering Regulations, FCA Handbook, JMLSG Guidance, Proceeds of Crime Act, Terrorism Act, Sanctions and financial crime frameworks
- Experience reviewing high-risk customer relationships and complex financial crime cases
- Strong stakeholder management and communication skills
- Ability to work independently and manage competing priorities effectively
- Professional qualification in Financial Crime Prevention or Compliance preferred (ICA qualifications advantageous)
- Strong analytical and investigative capabilities
- High levels of integrity and professionalism
- Proactive and solutions-focused approach
- Excellent organisational and communication skills
- Collaborative team player with strong leadership capability
- Commercial awareness and sound judgement
- Opportunity to work within a respected international banking environment
- Broad exposure to complex financial crime matters
- Senior stakeholder engagement and leadership exposure
- Career progression toward MLRO-level responsibility
- Competitive salary and benefits package
If you are an experienced Financial Crime professional looking to take the next step in your career within a dynamic and regulated environment, we would welcome your application.
Deputy Money Laundering Reporting Officer (DMLRO) employer: ETRA Talent
Join a prestigious international banking organisation in London, where you will be part of a dynamic Financial Crime Compliance team dedicated to combating financial crime. With a strong emphasis on employee growth and career progression towards MLRO-level responsibilities, the company fosters a collaborative work culture that values integrity and professionalism. Enjoy a competitive salary and benefits package while working in an environment that offers broad exposure to complex financial crime matters and senior stakeholder engagement.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Money Laundering Reporting Officer (DMLRO)
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join relevant groups on LinkedIn, and don’t be shy about reaching out to current employees at the company you’re eyeing. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Interview
Prepare for your interview by brushing up on your knowledge of AML regulations and financial crime frameworks. We recommend practising common interview questions and even doing mock interviews with friends. Show them you’re not just a candidate, but the candidate they need!
✨Follow Up
After your interview, don’t forget to send a thank-you email! It’s a simple gesture that shows your appreciation and keeps you fresh in their minds. We believe this can make a real difference in how you’re perceived.
✨Apply Through Our Website
When you find a role that fits, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing familiar names pop up in our system!
We think you need these skills to ace Deputy Money Laundering Reporting Officer (DMLRO)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your relevant experience in financial crime compliance, especially any roles as a Deputy MLRO. We want to see how your background aligns with the responsibilities listed in the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role and how your skills can help us strengthen our AML and CTF frameworks. Keep it concise but impactful.
Showcase Your Knowledge:In your application, demonstrate your understanding of UK Money Laundering Regulations and other relevant legislation. We’re looking for someone who can hit the ground running, so show us you know your stuff!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, it makes the process smoother for both of us!
How to prepare for a job interview at ETRA Talent
✨Know Your Regulations
Make sure you brush up on the UK Money Laundering Regulations, FCA Handbook, and JMLSG Guidance. Being able to discuss these in detail will show that you’re not just familiar with them but can apply them in real-world scenarios.
✨Showcase Your Experience
Prepare specific examples from your previous roles where you’ve successfully managed high-risk customer relationships or complex financial crime cases. This will help demonstrate your expertise and how you can add value to the team.
✨Engage with Stakeholders
Think about how you’ve effectively communicated with regulators, law enforcement, and other stakeholders in the past. Be ready to share instances where your strong stakeholder management skills made a difference.
✨Demonstrate Leadership Skills
As this role involves managing and developing team members, be prepared to discuss your leadership style. Share examples of how you’ve led teams or projects, and how you foster collaboration and growth within your team.
