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For Companies 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.
- 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
Contact Detail:
Rippling Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Money Laundering Reporting Officer (MLRO) & Regulatory Lead in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Rippling and its culture. Understand their approach to compliance and financial crime. This will help you tailor your answers and show that you're genuinely interested in the role.
✨Tip Number 3
Practice common interview questions related to AML/CTF and regulatory frameworks. We recommend doing mock interviews with friends or using online resources to boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the team at Rippling.
We think you need these skills to ace Deputy Money Laundering Reporting Officer (MLRO) & Regulatory Lead in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Deputy MLRO role. Highlight your experience in AML/CTF and any relevant compliance frameworks. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about financial crime prevention and how your background makes you a perfect fit for Rippling. Keep it engaging and to the point.
Showcase Your Communication Skills: Since excellent written communication is key for this role, make sure your application is clear and concise. Avoid jargon where possible and demonstrate your ability to translate complex concepts into simple terms.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at Rippling
✨Know Your AML/CTF Stuff
Make sure you brush up on your knowledge of AML and CTF frameworks. Be ready to discuss specific regulations like the Proceeds of Crime Act 2002 and the Money Laundering Regulations. Showing that you understand these laws will demonstrate your expertise and readiness for the role.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle complex CDD/EDD cases or suspicious activity reports. Think through some real-life scenarios you’ve encountered in your previous roles and be prepared to explain your thought process and decision-making.
✨Showcase Your Communication Skills
Since this role involves translating complex compliance concepts into actionable insights, practice articulating your thoughts clearly. You might be asked to explain a complicated regulatory issue, so being concise and clear is key.
✨Demonstrate Your Project Leadership Experience
Be ready to discuss any compliance projects you've led, especially those involving new technologies or risk assessments. Highlight your ability to manage multiple stakeholders and workstreams, as this will show your organisational skills and leadership potential.