Money Laundering Reporting Officer (MLRO)

Money Laundering Reporting Officer (MLRO)

This is a great opportunity to join a growing Bank and make a significant impact in the field of financial crime risk management. If you are an experienced MLRO, looking for a new challenge, where you can make a significant impact in a dynamic and forward-thinking organization, we would love to hear from you.

Responsibilities:

1. Serve as the Subject Matter Expert for Financial Crime programs
2. Develop and maintain financial crime policies and procedures
3. Implement the second line financial crime control framework and conduct investigations
4. Oversee suspicious activity investigations and produce professional reports
5. Liaise with the Financial Conduct Authority (FCA) as MLRO
6. Provide guidance and advice on financial crime matters to all departments
7. Deliver financial crime awareness training
8. Evaluate, monitor High-Risk customers and PEPs
9. Develop and execute a comprehensive risk-based financial crime monitoring plan
10. Update the Financial Crime Business Wide Risk Assessment and Customer Risk Assessment
11. Review and submit SARs to the National Crime Agency
12. Maintain accurate records and submit the annual FCA financial crime submission
13. Stay updated on relevant rules and legislation, providing early warnings and action plans

SKILLS AND EXPERIENCE:

1. Good understanding of JMLSG and Regulatory KYC requirements
2. At least 7 years of relevant work experience / Financial Crime experience (Current MLRO(SMF17) preferred)
3. Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the banking industry.
4. Ability to escalate risks promptly and appropriately and/or failure of standards to be met, to management
5. Ability to analyse reports, identify failings and notify same together with recommendations for remediation
6. Relevant AML experience, preferably in an international bank.
7. Experience with AML/KYC/Due Diligence processes and systems
8. Experience with AML monitoring and screening
9. A recognized AML/Compliance qualification is desirable but not essential
10. Other relevant professional qualifications from an internationally recognised body (e.g., ICA, ACAMS) are advantageous
11. Knowledge of the UK and EU regulatory environment and key financial crime regimes, and emerging trends. Any specialism in EU, UK or US sanctions regimes is a plus.
12. Law degree / LPC preferred
13. Team player adaptable to a fast-paced and changing environment

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