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- Tasks: Lead compliance and financial crime functions, ensuring effective anti-money laundering practices.
- Company: Join a dynamic firm focused on safeguarding against fraud and enhancing regulatory frameworks.
- Benefits: Enjoy competitive perks, a collaborative culture, and opportunities for professional growth.
- Why this job: Make a real impact in a leadership role while shaping the company's risk culture.
- Qualifications: 5 years of compliance experience in the Payments Industry; strong communication and leadership skills required.
- Other info: Follow us on social media to learn more about our vibrant company culture.
The predicted salary is between 43200 - 72000 £ per year.
We are looking for a Head of Compliance and MLRO to join our leadership team and play a critical role in shaping our regulatory framework and risk culture.
ABOUT THE ROLE:
As Head of Compliance and MLRO, you will be responsible for managing and maintaining all aspects of the firm’s Compliance and Financial Crime functions. Your primary remit will be to safeguard the business against fraud, money laundering, internal fraud, security threats, and related reputational risks. In parallel, you will ensure the swift and effective detection and reporting of money laundering activities, embedding anti-money laundering legislation, regulatory rules, and industry guidance across the organization.
MAIN DUTIES AND RESPONSIBILITIES:
- Responsible for anti-money laundering (AML) compliance providing oversight, control, support and coordination for anti-money laundering compliance;
- Manage the entire compliance members of the firms both locally in the UK and abroad;
- Manage Financial Crime Prevention function supporting and protecting the business against Fraud and Money Laundering Risk, Internal Fraud, Security and related reputational risk ensuring that the needs of all stakeholders are met;
- Maintain relationships with the firm banking partners;
- Own all aspects of the Compliance framework;
- Responsible for the development, implementation and maintenance of an effective tactical and strategic anti-money laundering program;
- Understand and have continuing knowledge of all local AML requirements to ensure that the AML program is consistent with all applicable local laws, regulations and rules and that the AML program is updated, as required, in light of changes to local laws, regulations and rules;
- Develop and manage a regular monitoring and reporting process to inform senior management, the audit committee and the board, as necessary and required;
- Ensure that all activity and transactions that are identified as potentially suspicious are investigated, reviewed and resolved in accordance with established procedures;
- Manage AML Compliance Teams to address issues raised in internal audit reports, self-assessments, compliance reviews or regulator’s examination about AML policy;
- To personally manage and where appropriate carry out high profile/sensitive investigations;
- Establish and maintain liaison with local/county/regional and international financial industry representatives to proactively identify current fraud trends, criminal activity and the identification of organized criminal groups and influence security best practices;
- Liaison with national and international law enforcement entities and liaison with local financial industry representatives to proactively identify fraud trends/criminal activity and organized criminal attacks.
CANDIDATE PROFILE:
- 5 years of experience of working as a Compliance officer and MLRO within a Payments Industry/Electronic Money Institution in UK and ideally in EEA;
- AML / CTF advisory experience and good working knowledge of SARs regime;
- Working knowledge of the legal and regulatory obligations for UK; including MLRs PSRs and EMRs;
- Excellent communication skills both written and verbal;
- Credible stakeholder engagement skills to align with our organizational values and behaviors;
- Strong leadership skills.
All applications will be treated with the strictest confidence. Only successful applicants will be contacted.
Head of Compliance and MLRO employer: Payine
Contact Detail:
Payine Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance and MLRO
✨Tip Number 1
Familiarise yourself with the latest AML regulations and compliance frameworks specific to the UK and EEA. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing regulatory environment.
✨Tip Number 2
Network with professionals in the compliance and financial crime sectors. Attend industry events or webinars where you can meet potential colleagues or mentors who can provide insights into the role and the company culture at StudySmarter.
✨Tip Number 3
Prepare to discuss real-world scenarios where you've successfully managed compliance issues or led investigations. Having concrete examples ready will showcase your experience and problem-solving skills, which are crucial for this position.
✨Tip Number 4
Research StudySmarter's current compliance practices and any recent news related to the company. This will allow you to tailor your discussions during the interview and show that you're genuinely interested in contributing to our compliance framework.
We think you need these skills to ace Head of Compliance and MLRO
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance and financial crime prevention. Emphasise your previous roles as a Compliance officer and MLRO, particularly within the Payments Industry or Electronic Money Institutions.
Craft a Strong Cover Letter: Write a compelling cover letter that outlines your understanding of AML regulations and your approach to managing compliance functions. Use specific examples from your past experiences to demonstrate your leadership skills and stakeholder engagement.
Highlight Relevant Skills: In your application, clearly showcase your communication skills, both written and verbal, as well as your ability to manage teams and conduct investigations. These are crucial for the role and should be evident in your application.
Research the Company: Familiarise yourself with the company's values and recent developments in the compliance sector. This will help you align your application with their expectations and demonstrate your genuine interest in the role.
How to prepare for a job interview at Payine
✨Know Your AML Regulations
Make sure you have a solid understanding of the anti-money laundering regulations and compliance requirements specific to the UK and EEA. Be prepared to discuss how you've applied these in your previous roles.
✨Demonstrate Leadership Experience
As a Head of Compliance, showcasing your leadership skills is crucial. Prepare examples of how you've successfully managed teams and influenced stakeholders in your past positions.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in high-pressure situations. Think of specific instances where you identified and resolved compliance issues or fraud risks.
✨Showcase Communication Skills
Effective communication is key in this role. Be ready to demonstrate your ability to convey complex regulatory information clearly and concisely, both in writing and verbally.