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For Companies At a Glance
- Tasks: Lead compliance and financial crime functions, ensuring effective anti-money laundering practices.
- Company: Join a dynamic team at Payine, a leader in the payments industry.
- Benefits: Enjoy competitive pay, professional growth opportunities, and a collaborative work culture.
- Why this job: Shape regulatory frameworks and make a real impact on business integrity and security.
- Qualifications: 5 years in compliance and MLRO roles, preferably in the payments sector.
- Other info: Follow us on social media to learn more about our culture and values.
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
Network with professionals in the compliance and financial crime sectors. Attend industry events, webinars, or local meetups to connect with others who may have insights into the role and the company culture at StudySmarter.
✨Tip Number 2
Stay updated on the latest AML regulations and compliance trends. Demonstrating your knowledge of current laws and best practices during discussions can set you apart as a candidate who is proactive and well-informed.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully managed compliance issues or led investigations. This will showcase your leadership skills and ability to handle high-pressure situations effectively.
✨Tip Number 4
Familiarise yourself with StudySmarter's values and mission. Tailoring your conversations to align with our organisational culture can demonstrate your genuine interest in becoming part of our team.
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 your experience as a Compliance officer and MLRO, particularly within the Payments Industry or Electronic Money Institutions. Emphasise your knowledge of AML/CTF regulations and any relevant achievements.
Craft a Strong Cover Letter: In your cover letter, clearly articulate why you are the right fit for the Head of Compliance and MLRO role. Mention specific experiences that demonstrate your leadership skills and your ability to manage compliance functions effectively.
Showcase Relevant Skills: Highlight your excellent communication skills and stakeholder engagement abilities in both your CV and cover letter. Provide examples of how you've successfully managed relationships with banking partners or regulatory bodies.
Proofread Your Application: Before submitting your application, thoroughly proofread all documents to ensure there are no spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a compliance role.
How to prepare for a job interview at Payine
✨Demonstrate Your Expertise
Make sure to showcase your extensive knowledge of AML regulations and compliance frameworks. Prepare specific examples from your past experience that highlight your ability to manage compliance functions effectively.
✨Showcase Leadership Skills
As a Head of Compliance, strong leadership is crucial. Be ready to discuss how you've successfully led teams in the past, particularly in high-pressure situations or during audits.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about potential compliance challenges and how you would address them, especially regarding fraud detection and reporting.
✨Engage with Stakeholders
Highlight your experience in stakeholder engagement. Be prepared to discuss how you've built relationships with banking partners and law enforcement, as this will be key in your role.
