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For Companies At a Glance
- Tasks: Lead compliance efforts and ensure adherence to regulations in a dynamic financial services environment.
- Company: Join a well-established firm in Basingstoke, known for its commitment to ethical standards.
- Benefits: Enjoy a competitive salary of £150,000 plus bonuses and hybrid work options.
- Why this job: Make a real impact by safeguarding the company against financial crime while developing your career.
- Qualifications: Must have a Bachelor’s degree and experience in financial crime compliance and risk management.
- Other info: This role requires strong communication skills and a professional certification from the FCA.
The predicted salary is between 90000 - 210000 £ per year.
Rev & Regs are recruiting for a Money Laundering Reporting Officer (MLRO) position for a dynamic and well-established financial services firm in Basingstoke.
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.
- 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 (1 day per week in Basingstoke office)
Money Laundering Reporting Officer (payments) employer: Rev & Regs
Contact Detail:
Rev & Regs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Money Laundering Reporting Officer (payments)
✨Tip Number 1
Familiarize yourself with the latest regulations and guidelines from the FCA. Understanding these will not only help you in interviews but also demonstrate your commitment to compliance and financial crime prevention.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who have experience in compliance roles. This can provide you with valuable insights and potentially lead to referrals for the MLRO position.
✨Tip Number 3
Stay updated on current trends and challenges in money laundering and financial crime. Being knowledgeable about recent cases or changes in legislation can set you apart during discussions with hiring managers.
✨Tip Number 4
Prepare to discuss specific examples of how you've managed risk and compliance in previous roles. Highlighting your hands-on experience will show that you are ready to take on the responsibilities of the MLRO position.
We think you need these skills to ace Money Laundering Reporting Officer (payments)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities and requirements of the Money Laundering Reporting Officer position. Tailor your application to highlight relevant experience in compliance, risk management, and financial crime.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with the FCA, financial crime compliance, and any previous roles where you managed risk management strategies or compliance programs.
Showcase Communication Skills: Since good verbal and written communication skills are essential for this role, provide examples in your application that demonstrate your ability to inform and educate employees, as well as your experience in filing compliance reports.
Tailor Your Documents: Customize your CV and cover letter to reflect the specific qualifications mentioned in the job description, such as your Bachelor’s degree in a relevant discipline and any professional certifications related to financial conduct.
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 money laundering and financial crime. 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 during the interview. Provide specific examples of how you've identified, assessed, and mitigated risks in previous roles, particularly in relation to financial services.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in compliance situations. Practice articulating your thought process and decision-making strategies when faced with potential compliance violations.
✨Communicate Clearly and Effectively
Since good verbal and written communication skills are crucial for this role, practice explaining complex compliance concepts in simple terms. This will demonstrate your ability to educate and inform others within the organization.
