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- Tasks: Lead financial crime risk management and develop policies to combat money laundering.
- Company: Join a dynamic and growing bank making waves in financial crime prevention.
- Benefits: Enjoy a competitive salary, professional development opportunities, and a collaborative work culture.
- Why this job: Make a real impact in a forward-thinking organisation while enhancing your expertise in financial crime.
- Qualifications: 10+ years in financial crime, strong AML/CTF knowledge, and relevant qualifications preferred.
- Other info: Ideal for experienced professionals ready to tackle challenges in a fast-paced environment.
The predicted salary is between 43200 - 72000 £ per year.
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:
- Serve as the Subject Matter Expert for Financial Crime programs
- Develop and maintain financial crime policies and procedures
- Implement the second line financial crime control framework and conduct investigations
- Oversee suspicious activity investigations and produce professional reports
- Liaise with the Financial Conduct Authority (FCA) as MLRO
- Provide guidance and advice on financial crime matters to all departments
- Deliver financial crime awareness training
- Evaluate, monitor High-Risk customers and PEPs
- Develop and execute a comprehensive risk-based financial crime monitoring plan
- Update the Financial Crime Business Wide Risk Assessment and Customer Risk Assessment
- Review and submit SARs to the National Crime Agency
- Maintain accurate records and submit the annual FCA financial crime submission
- Stay updated on relevant rules and legislation, providing early warnings and action plans
SKILLS AND EXPERIENCE:
- Good understanding of JMLSG and Regulatory KYC requirements
- At least 10 years of relevant work experience / Financial Crime experience (Current MLRO(SMF17) preferred)
- Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the banking industry.
- Ability to escalate risks promptly and appropriately and/or failure of standards to be met, to management
- Ability to analyse reports, identify failings and notify same together with recommendations for remediation
- Relevant AML experience, preferably in an international bank.
- Experience with AML/KYC/Due Diligence processes and systems
- Experience with AML monitoring and screening
- A recognized AML/Compliance qualification is desirable but not essential
- Other relevant professional qualifications from an internationally recognised body (e.g., ICA, ACAMS) are advantageous;
- 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.
- Law degree / LPC preferred
- Team player adaptable to a fast-paced and changing environment
Money Laundering Reporting Officer (MLRO) employer: Konnect Personnel Ltd
Contact Detail:
Konnect Personnel Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Money Laundering Reporting Officer (MLRO)
✨Tip Number 1
Network with professionals in the financial crime sector. Attend industry events, webinars, or local meetups to connect with others who work as MLROs or in compliance roles. This can help you gain insights into the role and potentially lead to referrals.
✨Tip Number 2
Stay updated on the latest regulations and trends in financial crime. Subscribe to relevant newsletters or follow key organisations on social media. Demonstrating your knowledge of current issues during interviews can set you apart from other candidates.
✨Tip Number 3
Consider reaching out to current or former MLROs for informational interviews. They can provide valuable insights into the day-to-day responsibilities and challenges of the role, which can help you tailor your approach when applying.
✨Tip Number 4
Prepare to discuss specific examples of your experience with AML/CTF processes during interviews. Think about situations where you've successfully identified risks or implemented effective controls, as these will showcase your expertise and problem-solving skills.
We think you need these skills to ace Money Laundering Reporting Officer (MLRO)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in financial crime risk management, particularly your role as an MLRO. Use specific examples that demonstrate your understanding of AML/CTF requirements and your ability to manage high-risk customers.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your passion for combating financial crime. Mention how your skills align with the responsibilities listed in the job description, such as developing financial crime policies and conducting investigations.
Showcase Relevant Qualifications: If you have any AML/Compliance qualifications or relevant professional certifications, be sure to mention them prominently in your application. Highlight any experience you have with AML monitoring and screening processes, as well as your knowledge of regulatory environments.
Proofread Your Application: Before submitting your application, take the time to proofread it thoroughly. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial in this role.
How to prepare for a job interview at Konnect Personnel Ltd
✨Showcase Your Expertise
As an MLRO, you need to demonstrate your deep understanding of financial crime risk management. Be prepared to discuss specific examples from your past experience where you've successfully implemented AML/CTF measures or developed financial crime policies.
✨Know the Regulations
Familiarise yourself with the latest JMLSG guidelines and FCA regulations. During the interview, reference how you stay updated on changes in the regulatory environment and how this knowledge has influenced your previous roles.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in real-world situations. Think about past challenges you've faced in suspicious activity investigations and how you handled them, including the outcomes.
✨Emphasise Communication Skills
As an MLRO, liaising with various departments and external bodies is crucial. Highlight your ability to communicate complex financial crime concepts clearly and effectively, and provide examples of how you've trained others in financial crime awareness.
