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- Tasks: Lead compliance efforts and develop systems to combat financial crime in banking.
- Company: Join a prestigious bank committed to excellence and regulatory compliance.
- Benefits: Enjoy competitive pay, professional development opportunities, and a dynamic work environment.
- Why this job: Make a real impact in financial crime prevention while growing your career in a respected institution.
- Qualifications: Relevant experience in compliance or financial crime prevention is essential.
- Other info: This role offers a chance to work closely with law enforcement and shape banking practices.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
A reputable bank is seeking a Compliance & Deputy MLRO to support the Head of Compliance in ensuring adherence to UK financial regulations. This second-line role involves policy development, regulatory reporting, training, and investigations related to financial crime and fraud.
Key Responsibilities:
- Develop and review financial crime and fraud policies.
- Support regulatory reporting and MLRO annual assessments.
- Investigate suspicious activity and submit reports to authorities.
- Advise on sanctions, PEPs, and adverse media escalations.
- Deliver compliance training and monitor staff adherence.
- Draft internal reports and committee minutes.
- Conduct thematic reviews and quality assurance of controls.
- Collaborate with Risk and Audit teams on compliance matters.
Requirements:
- Proven experience in banking compliance and financial crime.
- Strong knowledge of UK regulations and reporting frameworks.
- Excellent communication and stakeholder management skills.
- Relevant qualifications in compliance or law preferred.
Benefits:
- Competitive salary and benefits package.
- Professional development opportunities.
- Supportive and inclusive work environment.
Please submit your CV if you are applicable and interested. ThanksÂ
Deputy MLRO Role - Banking employer: Reed
Contact Detail:
Reed Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy MLRO Role - Banking
✨Tip Number 1
Familiarise yourself with the latest financial crime regulations and anti-money laundering legislation. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the banking and compliance sectors. Attend industry events or join relevant online forums to connect with others who can provide insights into the role and potentially refer you to opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've developed and implemented compliance controls in previous roles. Highlighting your practical experience will set you apart from other candidates.
✨Tip Number 4
Research the bank's current compliance practices and any recent news related to their financial crime prevention efforts. This will allow you to tailor your discussions during the interview and show that you're genuinely interested in contributing to their success.
We think you need these skills to ace Deputy MLRO Role - Banking
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Deputy MLRO role. Familiarise yourself with financial crime regulations and anti-money laundering legislation to demonstrate your knowledge in your application.
Tailor Your CV: Customise your CV to highlight relevant experience in compliance, financial crime prevention, and regulatory requirements. Use specific examples that showcase your ability to develop and implement controls and procedures.
Craft a Strong Cover Letter: Write a compelling cover letter that outlines your passion for the role and the banking sector. Mention how your skills align with the job description, particularly in managing financial crime risks and training staff.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Reed
✨Know Your Regulations
Make sure you have a solid understanding of financial crime regulations and anti-money laundering legislation. Be prepared to discuss recent changes in the law and how they might impact the bank's operations.
✨Demonstrate Leadership Skills
As a Deputy MLRO, you'll be managing a team. Highlight your experience in training and developing staff, and be ready to share examples of how you've successfully led teams in the past.
✨Showcase Your Analytical Skills
The role involves overseeing transaction monitoring and sanctions screening. Be prepared to discuss your analytical approach to identifying risks and how you've implemented effective controls in previous roles.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think about past experiences where you had to navigate complex regulatory challenges and how you resolved them.