At a Glance
- Tasks: Oversee financial crime compliance and support regulatory governance for a leading tech company.
- Company: Join Rippling, a top startup revolutionising HR, IT, and Finance management.
- Benefits: Competitive salary, remote work options, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on innovation and compliance excellence.
- Why this job: Make a real impact in the fight against financial crime while advancing your career.
- Qualifications: 5+ years in AML/compliance, strong communication skills, and a keen eye for detail.
The predicted salary is between 48000 - 72000 £ per year.
About Rippling
Rippling gives businesses one place to run HR, IT, and Finance. It brings together all of the workforce systems that are normally scattered across a company, like payroll, expenses, benefits, and computers. For the first time ever, you can manage and automate every part of the employee lifecycle in a single system.
Take onboarding, for example. With Rippling, you can hire a new employee anywhere in the world and set up their payroll, corporate card, computer, benefits, and even third-party apps like Slack and Microsoft 365—all within 90 seconds.
Based in San Francisco, CA, Rippling has raised $1.4B+ from the world’s top investors—including Kleiner Perkins, Founders Fund, Sequoia, Greenoaks, and Bedrock—and was named one of America's best startup employers by Forbes.
We prioritise candidate safety. Please be aware that all official communication will only be sent from @Rippling.com addresses.
About The Role
Rippling is seeking a Deputy MLRO and Regulatory Lead within the Legal and Compliance team for its UK Payments entity, Rippling Payments UK Limited, an Electronic Money Institution (EMI) authorised by the Financial Conduct Authority (FCA). The Deputy MLRO will play a pivotal role in safeguarding the institution against financial crime while ensuring the firm maintains its regulatory standing with the FCA.
This role is unique in its breadth, requiring a subject matter expert who can not only manage AML/CTF escalations but help support our EMI license and submission of critical regulatory returns. This position is an ideal progression for an AML/CTF specialist looking to broaden their Second Line of Defence expertise into comprehensive EMI license oversight and regulatory governance.
What You Will Do
- Financial Crime Oversight & Deputising
- AML/CTF Framework Maintenance: Support the MLRO in updating the firm’s AML/CTF policies and procedures to ensure compliance with Proceeds of Crime Act 2002 and the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017;
- SARs Framework: Lead the investigation of internal unusual activity reports; draft and prepare external Suspicious Activity Reports (SARs) for MLRO approval and NCA submission;
- Strategic Support: Act as the formal deputy to the MLRO, providing coverage during absences and representing the function at Risk Committees;
- Escalation Management: Provide 2LoD adjudication on complex CDD/EDD cases, PEPs, and Sanctions alerts escalated by 1LOD Onboarding and Operations teams;
- Audit & Review: Act as the primary point of contact for external auditors and regulatory bodies during AML-specific reviews and data requests.
- Outsourcing Oversight: Conduct regular reviews of outsourced service providers to ensure their workflows align with the firm’s AML/CTF policies;
- Process Optimization: Lead the implementation of practical enhancements to policies and procedures to remediate any weaknesses in the AML/CTF and Sanctions control environment that may have been identified from Assurance audits;
- Horizon Scanning: Monitor UK regulatory shifts, providing impact assessments on how changes will affect the firm’s permissions and licensing.
- Subject Matter Expertise: Serve as a firm-wide consultant for complex AML queries, delivering targeted training sessions to the 1LoD (Product, Operations, etc.) to address emerging risks;
- MI & Board Reporting: Lead the aggregation of high-quality Management Information to track the effectiveness of the AML framework for Committee & Board reporting;
- Data Integrity: Work with Data/Engineering teams to ensure the MI used for regulatory reporting is robust, auditable, and reconcilable.
- Project Leadership: Spearhead one-off compliance projects, such as the implementation of new screening technologies or the refresh of the Firm-Wide Risk Assessment (FWRA) and RCSAs.
What you will need
- 5+ years of experience in AML, financial crime or compliance within a financial services setting;
- Strong understanding of AML/CTF risk management frameworks, governance models, and UK AML/CTF regulatory expectations;
- Knowledge of the Electronic Money Regulations, Payment Services Regulations Consumer Duty and financial crime expectations for UK EMIs;
- Experience with customer due diligence, enhanced due diligence, Sanctions and risk-based assessments;
- Understanding of suspicious activity indicators;
- Excellent written and verbal communication skills, with the ability to translate complex compliance concepts into clear, actionable insights;
- Strong organizational skills and attention to detail, with the ability to manage multiple workstreams and stakeholders simultaneously;
- Proven ability to operate with autonomy, sound judgment, and discretion in a fast-paced environment;
- Experience contributing to the development or enhancement of compliance policies, frameworks, or operating models is strongly preferred;
- ICA Diploma in Financial Crime/Compliance or ACAMS (Highly Desirable).
Deputy Money Laundering Reporting Officer (MLRO) & Regulatory Lead in London employer: Rippling
Rippling is an exceptional employer that fosters a dynamic and innovative work culture in the heart of San Francisco. With a strong emphasis on employee growth, we offer comprehensive training and development opportunities, ensuring our team members are well-equipped to excel in their roles. Our commitment to safety and well-being, combined with the chance to work at the forefront of financial compliance within a rapidly growing company, makes Rippling a truly rewarding place to build your career.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Money Laundering Reporting Officer (MLRO) & Regulatory Lead in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Rippling looking for candidates who are engaged and informed.
We think you need these skills to ace Deputy Money Laundering Reporting Officer (MLRO) & Regulatory Lead in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Rippling. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Rippling
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Rippling’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
