At a Glance
- Tasks: Lead AML/CFT compliance strategy and ensure regulatory alignment for a global crypto payment fintech.
- Company: Join RedotPay, a pioneering fintech transforming finance with blockchain solutions.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Other info: Dynamic work environment with a focus on innovation and collaboration.
- Why this job: Shape the future of finance while making a meaningful impact on global financial inclusion.
- Qualifications: 4-7 years in compliance, expert knowledge of UK regulations, and strong analytical skills.
The predicted salary is between 80000 - 100000 £ per year.
About RedotPay
RedotPay is a global crypto payment fintech integrating blockchain solutions into traditional banking and finance infrastructure. Our user-friendly crypto platform empowers millions globally to spend and send crypto assets, ensuring faster, more accessible, and inclusive financial services. RedotPay advances financial inclusion for the unbanked and supports crypto enthusiasts, driving the global adoption of secure and flexible crypto-powered financial solutions. Join us in shaping the future of finance and making a meaningful impact on a global scale.
Job Summary
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.
Key Responsibilities
- 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: RedotPay
At RedotPay, we pride ourselves on being a forward-thinking employer that champions innovation and inclusivity in the fintech space. Our collaborative work culture fosters professional growth, offering ample opportunities for career advancement while making a significant impact on global financial inclusion. Located in the UK, you will be part of a dynamic team dedicated to shaping the future of finance, with access to cutting-edge technology and resources that empower you to excel in your role as Chief AML Officer.
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 people in the fintech and compliance sectors. Attend industry events, webinars, or even local meetups. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers, don’t hold back on sharing your knowledge about AML/CFT regulations and compliance strategies. This will not only demonstrate your passion but also position you as a valuable asset.
✨Tip Number 3
Be proactive! If you see a company you’re keen on, reach out directly. Send a friendly email expressing your interest in their work and how you could contribute. It shows initiative and can set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you. Plus, applying directly can sometimes give you a better chance of getting noticed by hiring managers.
We think you need these skills to ace Chief AML Officer
Some tips for your application 🫡
Know Your Stuff:Make sure you really understand the AML/CFT landscape and the specific regulations mentioned in the job description. We want to see that you can navigate the complexities of compliance like a pro!
Tailor Your Application:Don’t just send a generic CV and cover letter. We’re looking for how your experience aligns with our needs, so highlight relevant roles and achievements that showcase your expertise in AML and compliance.
Show Your Passion:Let us know why you’re excited about the role and our mission at RedotPay. A genuine interest in crypto and financial inclusion will definitely make your application stand out!
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 RedotPay
✨Know Your Regulations
Make sure you’re well-versed in the Money Laundering Regulations and Electronic Money Regulations. Brush up on the latest FCA guidelines and be ready to discuss how they apply to 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 processes, transaction monitoring tools, and any relevant regulatory interactions you've had.
✨Understand the Crypto Landscape
Familiarise yourself with the current trends and challenges in the crypto payment space. Be prepared to discuss how you would approach compliance for crypto assets and the unique risks they present.
✨Ask Insightful Questions
Prepare thoughtful questions about RedotPay’s compliance strategy and how they integrate AML controls into their product workflows. This shows your genuine interest in the role and helps you assess if it’s the right fit for you.
