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- Tasks: Lead our anti-money laundering programme and ensure compliance with UK regulations.
- Company: Join a dynamic team in London focused on financial integrity and compliance.
- Benefits: Enjoy competitive salary, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact in the fight against financial crime while growing your career.
- Qualifications: 5+ years in AML compliance, strong analytical skills, and relevant degree or certification required.
- Other info: Ideal for those passionate about finance and regulatory compliance.
The predicted salary is between 43200 - 72000 £ per year.
We are seeking a dynamic and experienced Money Laundering Reporting Officer (MLRO) to join our team in London, UK. As the MLRO, you will play a pivotal role in our compliance department, overseeing and managing the company's anti-money laundering (AML) program in accordance with UK regulations.
Key Responsibilities:
- Act as the primary point of contact with the UK Financial Conduct Authority (FCA) and other relevant authorities regarding AML matters.
- Develop, implement, and maintain an effective AML program, including policies, procedures, and controls.
- Conduct regular risk assessments and monitor transactions for potential suspicious activities.
- Lead the company's AML training and awareness programs for employees.
- Keep abreast of evolving AML regulations and ensure the organization's compliance.
- Report any suspicious activity to relevant authorities and file Suspicious Activity Reports (SARs) as required.
- Maintain accurate records and submit the annual FCA financial crime submission.
- Report financial crime risk metrics on a monthly basis.
- Collaborate with internal departments to ensure AML compliance and provide guidance on AML matters.
- Conduct periodic AML audits and assessments.
- Stay current on industry best practices and ensure continuous improvement of the AML program.
- Ensure a culture of AML compliance throughout the organization.
Qualifications:
- Bachelor's degree in finance, law, or a related field. A relevant professional certification (e.g., CAMS, ICA) is a plus.
- Extensive experience (5+ years) in AML and financial crime compliance within the UK financial sector.
- Held SMF17 / MLRO Status within Banking previously.
- In-depth knowledge of UK AML regulations, including the Money Laundering Regulations 2017.
- Strong analytical skills with the ability to identify and assess potential AML risks.
- Excellent communication and leadership skills.
- Detail-oriented with the ability to work independently and collaboratively.
- High level of integrity and a commitment to maintaining confidentiality.
Head of Compliance & MLRO employer: IPB PAY
Contact Detail:
IPB PAY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance & MLRO
✨Tip Number 1
Network with professionals in the compliance and financial crime sectors. Attend industry events, webinars, or local meetups to connect with others who may have insights or opportunities related to the MLRO role.
✨Tip Number 2
Stay updated on the latest AML regulations and best practices. Follow relevant publications, blogs, and regulatory bodies like the FCA to demonstrate your knowledge during interviews.
✨Tip Number 3
Prepare to discuss your experience with risk assessments and compliance audits. Be ready to share specific examples of how you've successfully managed AML programmes in previous roles.
✨Tip Number 4
Showcase your leadership skills by highlighting any training or mentoring you've provided in past positions. This will illustrate your ability to foster a culture of compliance within an organisation.
We think you need these skills to ace Head of Compliance & MLRO
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in AML and financial crime compliance. Emphasise your previous roles, especially if you've held SMF17 / MLRO status, and showcase your understanding of UK AML regulations.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key responsibilities outlined in the job description. Mention your experience with developing and implementing AML programs, and how you can contribute to the company's compliance culture.
Highlight Relevant Qualifications: In your application, clearly state your educational background and any professional certifications like CAMS or ICA. This will demonstrate your commitment to the field and your qualifications for the role.
Showcase Leadership Skills: Since the role requires leading AML training and awareness programmes, provide examples of your leadership experience. Discuss how you've successfully managed teams or projects in the past, particularly in compliance settings.
How to prepare for a job interview at IPB PAY
✨Know Your AML Regulations
Make sure you have a solid understanding of UK AML regulations, especially the Money Laundering Regulations 2017. Be prepared to discuss how these regulations impact the role and how you've applied them in your previous positions.
✨Demonstrate Leadership Skills
As the Head of Compliance & MLRO, you'll need to lead training and awareness programmes. Share examples from your past experiences where you've successfully led teams or initiatives related to compliance and AML.
✨Showcase Analytical Abilities
Highlight your analytical skills by discussing specific instances where you've identified potential AML risks or suspicious activities. Use data or case studies to illustrate your thought process and decision-making.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in real-world situations. Think about how you would handle reporting suspicious activities or conducting risk assessments, and be ready to explain your approach.
