At a Glance
- Tasks: Lead AML compliance strategy and ensure regulatory alignment for RedotPay in the UK.
- Company: Join a forward-thinking fintech company focused on compliance and innovation.
- Benefits: Competitive salary, professional development, and a chance to shape the future of finance.
- Other info: Dynamic role with opportunities for growth in a rapidly changing industry.
- Why this job: Make a real impact in the evolving world of crypto and financial regulations.
- Qualifications: 4-7 years of compliance experience and strong 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 in London 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 find meaningful opportunities to advance your career in the rapidly evolving landscape of financial compliance.
StudySmarter Expert Advice🤫
We think this is how you could land Chief AML Officer in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Tailor your answers to show how your experience aligns with their needs, especially in AML/CFT compliance. We want to see that you’re not just a fit on paper but also a great match for the team!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms to get comfortable with common questions. The more you practice, the more confident you'll feel when it’s time to shine.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Chief AML Officer in London
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.
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 let us know about your hands-on experience with compliance tools and frameworks.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate well-structured responses that get straight to the heart of your qualifications and experiences without unnecessary fluff.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process.
How to prepare for a job interview at Pay.Com
✨Know Your Regulations
Make sure you have a solid grasp of the Money Laundering Regulations and Electronic Money Regulations. Brush up on the latest FCA guidelines and be ready to discuss how they impact RedotPay's operations.
✨Showcase Your Experience
Prepare specific examples from your past roles that demonstrate your expertise in AML/CFT compliance. Highlight your experience with KYC, CDD, and transaction monitoring systems, especially in a UK-regulated environment.
✨Demonstrate Strategic Thinking
Be ready to discuss how you would develop and implement a regulatory strategy for RedotPay. Think about potential challenges and how you would address them, showing your ability to think critically and strategically.
✨Engage with Current Trends
Stay updated on the latest trends in cryptoassets and financial crime. Be prepared to discuss how these trends could affect RedotPay and what proactive measures you would recommend to mitigate risks.
