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For Companies At a Glance
- Tasks: As MLRO, you'll ensure compliance with regulations and manage risk strategies.
- Company: Join a dynamic financial services company with a strong reputation in the industry.
- Benefits: Enjoy a hybrid work model and competitive salary with bonuses.
- Why this job: This role offers a chance to shape compliance policies and make a real impact.
- Qualifications: You need a Bachelor's degree and experience in financial crime compliance.
- Other info: Professional certification with the FCA is required.
The predicted salary is between 108000 - 180000 £ per year.
Job Description
Rev & Regs are recruiting for a MLRO position for a dynamic and well-established financial services company.
The MLRO is responsible for supporting the Head of Compliance in coordinating and completing the company’s activities end to end Compliance program to ensure it meets the guidelines, regulations and ethical expectations of the relevant regulatory, legal and relevant card schemes requirements. Their duties include monitoring business operations and reporting infractions, reviewing company policies for possible risks and liabilities, conducting risk assessments and oversight activities, and researching legal requirements for new initiatives.
Responsibilities:
- Analyse internal business systems to ensure compliance with industry regulations and ethical standards.
- Assist in the creation, modifying, updating and implementing of the company’s policies.
- Manage the risk management strategies.
- Manage the necessary SAR reporting to law enforcement and regulators as required
- Design control systems to address cases of violation of internal business policies.
- Design ongoing training programs for employees of the business.
- Liaise with other departmental heads to ensure that all business operations are in line with business policies.
- Advise the top management on business operations relating to investment, risks and any other policy development.
- Client onboarding – KYC and AML.
- Client compliance – APP and Operations.
- Compliant Operations – Internal.
- Regulatory – SAR / STR`s and External audits and reviews.
Experience:
- Has held the SMF17 function and has significant experience in dealing with the FCA.
- Experience in financial crime compliance with payments.
- Experience in risk management.
- Good verbal and written communication skills to inform and educate employees, and also to file correct and accurate compliance reports with regulating agencies.
- Professional certification (Financial Conduct Authority).
- Sound knowledge of legal requirements and controls such as Anti Money Laundering.
- A Batchelor’s degree in a relevant discipline such as Economics, Law, Accounting, or Finance.
Salary: £150,000 plus bonus
Location: Hybrid
MLRO employer: Rev & Regs
Contact Detail:
Rev & Regs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land MLRO
✨Tip Number 1
Make sure to familiarize yourself with the latest FCA regulations and compliance standards. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial services industry, especially those who have experience in compliance roles. Attend relevant conferences or webinars to connect with potential colleagues and learn about industry trends.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed risk and compliance in previous roles. Highlighting your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Research the company’s current compliance programs and any recent news related to their operations. Being knowledgeable about their practices will show your genuine interest in the role and the organization.
We think you need these skills to ace MLRO
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the MLRO position. Understand the key responsibilities and required qualifications, as this will help you tailor your application to highlight relevant experiences.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with compliance, risk management, and financial crime. Use specific examples that demonstrate your ability to handle the responsibilities outlined in the job description.
Showcase Communication Skills: Since good verbal and written communication skills are essential for this role, provide examples of how you've effectively communicated compliance issues or trained employees in previous positions.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses the specific requirements of the MLRO position. Mention your understanding of FCA regulations and your approach to managing compliance and risk within a financial services context.
How to prepare for a job interview at Rev & Regs
✨Understand Compliance Regulations
Make sure you have a solid grasp of the relevant compliance regulations, especially those related to financial crime and anti-money laundering. Be prepared to discuss how these regulations impact business operations and how you can ensure adherence.
✨Showcase Risk Management Experience
Highlight your experience in risk management strategies. Be ready to provide examples of how you've identified risks in previous roles and the steps you took to mitigate them.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in compliance situations. Think about past experiences where you had to make tough decisions regarding compliance and be ready to share those stories.
✨Communicate Clearly and Effectively
Since good verbal and written communication skills are crucial for this role, practice articulating your thoughts clearly. You may need to explain complex compliance issues to non-experts, so demonstrate your ability to simplify and clarify.
