At a Glance
- Tasks: Support the MLCO and enhance the Financial Crime Compliance Framework.
- Company: Join a leading financial services organisation committed to compliance excellence.
- Benefits: Professional development, supportive environment, and opportunities for influence.
- Other info: Collaborative culture with opportunities for coaching and mentoring.
- Why this job: Make a real impact on financial crime risk management and regulatory compliance.
- Qualifications: 5+ years in Compliance or Financial Crime with strong AML knowledge.
The predicted salary is between 72000 - 88000 £ per year.
Our client is seeking an experienced and motivated Senior Compliance Officer (Deputy MLCO) to join their Compliance team.
This is an exciting opportunity for a financial crime and compliance professional to play a key role in supporting the Money Laundering Compliance Officer (MLCO) and strengthening the organisation's Financial Crime Compliance Framework.
As Deputy MLCO, you will provide resilience and support to the MLCO function, ensuring robust oversight of anti-money laundering (AML), counter-terrorist financing (CTF), counter-proliferation financing (CPF), sanctions, and wider financial crime risks.
You will act as a trusted adviser to stakeholders across the business, providing independent challenge, regulatory guidance, and practical solutions to support effective risk management and regulatory compliance.
The successful candidate will contribute to the ongoing development of the compliance framework, support governance reporting to senior management and Board committees, and help foster a strong culture of compliance and risk awareness throughout the organisation.
Job Duties
- Act as Deputy MLCO, providing support and continuity for the MLCO function across the organisation.
- Deputise for the MLCO at governance meetings and regulatory engagements when required.
- Support the development, implementation, and enhancement of the Financial Crime Compliance Framework.
- Assist in maintaining Business Risk Assessments and Financial Crime Risk Assessments.
- Monitor emerging financial crime risks, regulatory developments, and industry best practices.
- Support regulatory reviews, inspections, information requests, and remediation activities.
- Conduct and oversee compliance monitoring reviews to assess the effectiveness of financial crime controls.
- Support delivery of the Compliance Monitoring Programme and ensure actions are tracked to completion.
- Provide advice and constructive challenge to business areas on compliance and regulatory obligations.
- Identify opportunities to improve policies, procedures, and internal controls.
- Escalate compliance breaches, control weaknesses, and regulatory issues as appropriate.
- Prepare high-quality management information and reporting on compliance and financial crime risks.
- Develop meaningful compliance metrics and key risk indicators.
- Support reporting to Executive and Board Committees.
- Ensure significant compliance and financial crime matters are appropriately escalated.
- Coach and support members of the Compliance team.
- Build strong working relationships across the first, second, and third lines of defence.
- Act as a trusted adviser to stakeholders on compliance and financial crime matters.
- Promote a positive culture of compliance, accountability, and risk awareness.
- Support the ongoing enhancement of the Risk Management Framework.
- Assist the business in identifying, assessing, and managing regulatory and financial crime risks.
- Contribute to risk and control assessments and maintenance of risk registers.
- Support the organisation in operating within its defined risk appetite.
Job Requirements
- Minimum 5 years' experience in Compliance, Financial Crime, Risk, or Audit within a regulated financial services environment.
- Strong knowledge of AML, CTF, CPF, and sanctions requirements.
- Experience conducting compliance monitoring, assurance reviews, or regulatory compliance assessments.
- Experience preparing and presenting reports to senior management and governance committees.
- Proven ability to influence and advise stakeholders on regulatory and compliance matters.
- Experience supporting regulatory inspections, thematic reviews, or audit activity.
- Experience coaching, mentoring, or supervising colleagues.
- Excellent analytical, communication, and stakeholder management skills.
- Experience supporting an MLCO function within a regulated financial services organisation.
- Previous Deputy MLCO responsibilities or equivalent financial crime leadership experience.
- Experience engaging with the Guernsey Financial Services Commission (GFSC) and/or Jersey Financial Services Commission (JFSC).
- Experience developing financial crime risk assessments and compliance frameworks.
- Experience operating within a Three Lines of Defence model.
- ICA qualification or equivalent professional qualification at degree level.
What You’ll Love
Our client offers a supportive working environment that fosters professional development and a strong culture of compliance.
You will have the opportunity to influence financial crime risk management and contribute to regulatory excellence within a committed team.
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Senior Compliance Officer - Deputy MLCO employer: Itchyfeet Recruitment Agency
Itchyfeet Recruitment Agency is an excellent employer, offering a dynamic work environment where collaboration and operational efficiency are at the forefront. Employees benefit from a supportive culture that prioritises professional growth and continuous improvement, making it an ideal place for those seeking meaningful and rewarding employment in the UK.
Contact Details:
Itchyfeet Recruitment Agency Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Officer - Deputy MLCO
✨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 Itchyfeet Recruitment Agency looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Compliance Officer - Deputy MLCO
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 Itchyfeet Recruitment Agency. 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 Itchyfeet Recruitment Agency
✨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 Itchyfeet Recruitment Agency’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
