At a Glance
- Tasks: Lead AML compliance strategy and ensure regulatory alignment for a dynamic fintech company.
- Company: Join RedotPay, a forward-thinking electronic money institution in the UK.
- Benefits: Competitive salary, professional development, and a chance to shape industry standards.
- Other info: Opportunity for career growth in a fast-paced, innovative environment.
- Why this job: Make a real impact in the fight against financial crime while working with cutting-edge technology.
- Qualifications: 4-7 years of compliance experience and expert knowledge of UK AML regulations.
The predicted salary is between 80000 - 100000 £ per year.
As our Chief AML Officer for the UK, you will be the architect of RedotPay’s UK regulatory strategy and operational integrity. You will lead the development, implementation, and oversight of our AML/CFT compliance program, ensuring full alignment with UK law — including the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs), the Electronic Money Regulations 2011 (EMRs), and all relevant FCA rules and guidance for both Electronic Money Institution (EMI) and Virtual Asset Service Providers (VASP) activities.
Regulatory Strategy & Licensing (UK)
- Licensing Lead: Lead or support the FCA applications for EMI authorisation and VASPs registration (under the MLRs), and manage their ongoing regulatory maintenance, variations, and notifications.
- Regulatory Liaison: Act as the formally appointed MLRO (and SMF17 where required under the Senior Managers & Certification Regime) with the Financial Conduct Authority (FCA).
- Fitness & Propriety: Serve as the primary point of contact for the FCA, ensuring the company and key individuals meet all “fit and proper” standards.
- Regulatory Intelligence: Monitor and analyse updates from the FCA, HM Treasury, and other relevant UK bodies regarding cryptoassets, payments, electronic money, and AML/CTF obligations.
AML/CFT & Financial Crime
- Framework Management: Develop, implement, and maintain a robust Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) program tailored to UK EMI and VASP activities.
- Lifecycle Oversight: Oversee KYC, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring for a diverse UK and international client base.
- Blockchain Analytics & Transaction Monitoring: Implement and oversee transaction monitoring systems, utilising on-chain analytics tools (e.g., Chainalysis, Elliptic) to identify and mitigate crypto-specific risks, including compliance with the UK Travel Rule.
- Sanctions & PEP Screening: Administer global and UK sanctions screening (including OFAC, UN, EU, and UK lists) and Politically Exposed Persons (PEP) and adverse media checks.
Policy & Procedure Development
- UK Documentation: Create and maintain the AML/CFT Manual, KYC Policy, Sanctions Policy, and other key documents to reflect current UK regulatory requirements under the MLRs and EMRs.
- Operational Integration: Ensure compliance controls are embedded into product workflows, systems, and processes for both e-money and cryptoasset services.
Internal Controls & Reporting
- Risk Assessments: Conduct regular business-wide risk assessments (BWRA) and internal audits to evaluate the effectiveness of the compliance program.
- Board & Senior Management Reporting: Prepare detailed compliance reports for the Board and senior management, highlighting key risk indicators (KRIs), suspicious activity, and regulatory matters.
- Internal Oversight: Manage the investigation and filing of Suspicious Activity Reports (SARs) to the National Crime Agency (NCA), maintain records, and ensure timely responses to regulatory requests.
Qualifications & Experience
- Bachelor’s degree in Law, Finance, Economics, Compliance, Risk Management, Business, or a related field.
- 4–7 years of direct compliance or MLRO experience within a UK-authorised Electronic Money Institution (EMI), Payment Institution (PI), or regulated cryptoasset/VASP firm.
- Expert knowledge of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs), Electronic Money Regulations 2011 (EMRs), FCA Financial Crime Guide, cryptoasset AML/CTF guidance, and the UK Travel Rule.
- Hands‑on experience with automated KYC/CDD platforms, sanctions screening systems, transaction monitoring tools, and blockchain analytics solutions.
- Must be UK-based (or willing to relocate) with the ability to dedicate sufficient time to the role and maintain full independence from revenue‑generating or business development activities.
- Fluency in English (both written and spoken).
Highly Desirable (Not a Must)
- Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or ICA International Diploma in Governance, Risk and Compliance.
- Direct experience with Virtual Asset Service Providers (VASPs), stablecoins, and DeFi-related compliance in a UK-regulated environment.
Chief AML Officer employer: Pay.Com
At RedotPay, we pride ourselves on being an exceptional employer, offering a dynamic work environment that fosters innovation and compliance excellence. As the Chief AML Officer in the UK, you will play a pivotal role in shaping our regulatory strategy while benefiting from a culture that prioritises professional growth, collaboration, and integrity. With access to cutting-edge tools and a commitment to employee development, you will thrive in a supportive atmosphere that values your expertise and contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Chief AML Officer
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company inside out. Understand their values, recent news, and how they operate. We want you to walk in feeling confident and ready to impress!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources. We can’t stress enough how important it is to articulate your experience and skills clearly.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way. It shows your enthusiasm and keeps you fresh in their minds. And remember, apply through our website for the best chance!
We think you need these skills to ace Chief AML Officer
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in AML/CFT compliance. We want to see how your skills align with the specific requirements of the Chief AML Officer role at RedotPay.
Showcase Your Expertise:Don’t hold back on showcasing your knowledge of UK regulations like the MLRs and EMRs. We’re looking for someone who knows their stuff, so include relevant examples from your past roles that demonstrate your expertise.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate well-structured applications that are easy to read, so avoid jargon and focus on what makes you the best fit for the role.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at Pay.Com
✨Know Your Regulations
As a Chief AML Officer, you need to be well-versed in the Money Laundering Regulations and Electronic Money Regulations. Brush up on these laws and be ready to discuss how they impact RedotPay's operations. Show that you can navigate the regulatory landscape with ease.
✨Demonstrate Your Experience
Highlight your direct compliance or MLRO experience within a UK-authorised EMI or regulated cryptoasset firm. Be prepared to share specific examples of how you've developed and implemented AML/CFT programmes, as this will showcase your hands-on expertise.
✨Showcase Your Analytical Skills
Since you'll be overseeing transaction monitoring systems and using blockchain analytics tools, come prepared to discuss your experience with these technologies. Share insights on how you've used data to identify risks and ensure compliance, as this will demonstrate your analytical prowess.
✨Prepare for Regulatory Scenarios
Anticipate questions about how you would handle specific regulatory challenges or scenarios. Think through potential issues related to KYC, CDD, and sanctions screening, and be ready to articulate your approach to resolving them effectively.
