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- Tasks: Manage compliance and money laundering risks while implementing regulatory programmes.
- Company: Join a leading financial services firm committed to integrity and compliance.
- Benefits: Enjoy competitive pay, flexible working options, and professional development opportunities.
- Why this job: Make a real impact in the fight against financial crime while growing your career.
- Qualifications: 3-5 years in Financial Services Risk; degree in Banking, Business, or Law required.
- Other info: Ideal for those passionate about compliance and making a difference in finance.
The predicted salary is between 36000 - 60000 £ per year.
Responsibilities:
- Identify, measure, assess, implement, manage, and report all compliance and money laundering risks, and assist with the implementation of the compliance programme for the business.
- Implement a regulatory compliance annual coverage plan and a monitoring programme encompassing all aspects of monitoring activities.
- Provide regulatory analysis support and reporting in the business.
- Monitor compliance of the business with changes in the regulatory environment and amendments to existing regulations.
- Compile AML monitoring compliance reports as evidence of continued compliance and resolution of regulatory breaches.
- Implement risk-based Customer Due Diligence (CDD) and KYC annual monitoring plan.
- Oversee the development and quality assurance of compliance control plans and control self-assessment.
- Complete Suspicious Transaction Reports (STR) in the event of suspected money laundering activity.
Key Skills:
- Proven compliance experience in the UK.
- 3-5 years’ experience in a Financial Services Risk environment.
- Experience in banking or Fintech operations, policy implementation, and internal control systems.
Qualifications:
- A Commercial Degree in Banking, Business Studies, Economics, Accounting/Finance, or a Bachelor of Law degree.
- A Postgraduate Diploma or a certificate in Risk Management or Compliance is an added advantage.
Money Laundering & Reporting Officer - UK employer: Recruitment Matters
Contact Detail:
Recruitment Matters Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Money Laundering & Reporting Officer - UK
✨Tip Number 1
Familiarise yourself with the latest UK regulations regarding money laundering and compliance. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing environment.
✨Tip Number 2
Network with professionals in the financial services and compliance sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed compliance risks in previous roles. Highlighting your hands-on experience with AML monitoring and reporting will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you would approach regulatory changes and their impact on compliance strategies. This will demonstrate your proactive mindset and problem-solving abilities, which are crucial for this role.
We think you need these skills to ace Money Laundering & Reporting Officer - UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance and money laundering, particularly within the UK financial services sector. Use specific examples that demonstrate your skills in risk assessment and regulatory compliance.
Craft a Strong Cover Letter: In your cover letter, express your passion for compliance and detail how your background aligns with the responsibilities of the Money Laundering & Reporting Officer role. Mention any specific achievements in previous roles that relate to AML and CDD.
Highlight Relevant Qualifications: Clearly list your qualifications, especially your degree and any additional certifications in Risk Management or Compliance. This will help the hiring team see your educational background and commitment to the field.
Showcase Regulatory Knowledge: Demonstrate your understanding of the current regulatory environment in your application. Mention any experience you have with monitoring compliance and implementing control systems, as this is crucial for the role.
How to prepare for a job interview at Recruitment Matters
✨Know Your Regulations
Familiarise yourself with the latest UK money laundering regulations and compliance requirements. Being able to discuss recent changes and their implications will show your expertise and commitment to the role.
✨Demonstrate Relevant Experience
Prepare specific examples from your previous roles that highlight your experience in compliance, risk assessment, and reporting. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Showcase Analytical Skills
Be ready to discuss how you approach regulatory analysis and monitoring. Highlight any tools or methodologies you’ve used to assess compliance risks and how you’ve implemented solutions in past positions.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's compliance programme and how they handle regulatory changes. This shows your interest in the role and helps you gauge if the company’s values align with yours.
