At a Glance
- Tasks: Support the MLRO in preventing and detecting financial crime while ensuring compliance.
- Company: Join a leading financial institution in the beautiful Isle of Man.
- Benefits: Generous pension, performance bonuses, flexible benefits, and 28 days holiday.
- Other info: Enjoy a hybrid work model and a supportive team environment.
- Why this job: Make a real impact in financial crime prevention and grow your career.
- Qualifications: Experience in AML/CFT regulations and strong analytical skills required.
The predicted salary is between 50000 - 65000 £ per year.
Location: Isle of Man
Compensation: Competitive package available
Hours & Working Pattern: Full-Time; hybrid work – at least two days per week (40%) in Douglas Villiers House.
Key Accountabilities:
- Act as Deputy Money Laundering Reporting Officer (DMLRO) for the Isle of Man, supporting the MLRO and ensuring compliance with the Isle of Man AML/CFT Code 2019 and AML/CFT Handbook, including maintenance of effective systems and controls for the prevention and detection of money laundering, terrorist financing and proliferation financing.
- Receive, assess and decide on internal Suspicious Activity Reports (SARs), maintaining accurate records and managing follow‑up actions. Ensure timely escalation to the MLRO where required.
- Make external disclosures to the Financial Intelligence Unit (FIU) and liaise with regulators as required.
- Maintain and complete SAR register and records of decisions, ensuring timely and appropriate responses to production orders and regulatory requests.
- Collaborate with internal and external auditors and regulatory bodies.
- Provide subject‑matter expertise to support business growth while maintaining a strong financial crime risk framework.
- Provide Politically Exposed Person (PEP) relationships, reviews.
- Provide high‑risk / very high risk (VHR) customer reviews, including challenging risk assessments and customer risk ratings.
What You'll Need:
- Proven experience and knowledge in AML/CFT regulations and compliance.
- Knowledge of local laws, regulations, and AML/CFT handbooks for Jersey, Guernsey and Isle of Man.
- Proven experience as a Deputy MLRO within a Crown Dependency Financial Institution.
- Experience in making external disclosures to Financial Investigations Units (FIUs) and regulators.
- Experience in financial crime investigation and handling production orders.
- Excellent communication and collaboration skills to influence stakeholders at all levels.
- Strong analytical and problem‑solving skills with the ability to make sound decisions under pressure.
Benefits:
- A generous pension contribution of up to 15%
- An annual performance‑related bonus
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 28 days’ holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
Deputy Money Laundering Reporting Officer – Crown Dependencies in Scotland employer: Lloyds Banking Group
As a Deputy Money Laundering Reporting Officer in the Isle of Man, you will join a forward-thinking organisation that prioritises compliance and financial integrity while offering a competitive compensation package. The hybrid work model promotes a healthy work-life balance, complemented by generous benefits such as a substantial pension contribution, performance-related bonuses, and extensive wellbeing initiatives. With a strong focus on employee growth and collaboration, this role provides an excellent opportunity to develop your expertise in AML/CFT regulations within a supportive and dynamic work culture.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Money Laundering Reporting Officer – Crown Dependencies in Scotland
✨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 Lloyds Banking Group looking for candidates who are engaged and informed.
We think you need these skills to ace Deputy Money Laundering Reporting Officer – Crown Dependencies in Scotland
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 Lloyds Banking Group. 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 Lloyds Banking Group
✨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 Lloyds Banking Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
