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 and development in a collaborative 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 required.
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
Requirements
- 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
What's on Offer
- 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) in London employer: ETRA Talent
Join an esteemed 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 competitive salary packages and the opportunity to engage with senior stakeholders while making a meaningful impact in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Money Laundering Reporting Officer (DMLRO) in London
✨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 former colleagues or mentors. You never know who might have a lead on your next big opportunity.
✨Ace the Informational Interview
Set up informal chats with professionals already working in financial crime compliance. This is your chance to learn about their experiences and get insider tips on what it takes to succeed in roles like DMLRO. Plus, it shows your genuine interest in the field!
✨Showcase Your Expertise
When you get the chance to meet potential employers, make sure to highlight your knowledge of AML regulations and your experience with high-risk customer relationships. Use specific examples to demonstrate how you've tackled complex financial crime cases in the past.
✨Apply Through Our Website
Don’t forget to apply directly 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 and engaged in their job search.
We think you need these skills to ace Deputy Money Laundering Reporting Officer (DMLRO) in London
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 outlined 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. Share specific examples of your experience with AML/CTF and how you've contributed to compliance frameworks in the past.
Showcase Your Skills:Don’t forget to emphasise your strong stakeholder management and communication skills. We’re looking for someone who can engage effectively with regulators and senior management, so make sure these skills are front and centre in your application.
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 this exciting opportunity within our Financial Crime Compliance team!
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 confidently will show that you’re not just familiar with the rules 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 their team.
✨Engage with Stakeholders
Highlight your experience in stakeholder management during the interview. Be ready to discuss how you've built effective relationships with regulators and law enforcement agencies, as this is crucial for the DMLRO role.
✨Demonstrate Leadership Skills
Since this role involves managing and developing a team, be prepared to talk about your leadership style. Share examples of how you’ve led teams or projects, focusing on collaboration and achieving results together.
