At a Glance
- Tasks: Support the MLRO in implementing AML/CFT frameworks and ensuring compliance.
- Company: Join Standard Bank Offshore, a leading financial services group focused on Africa.
- Benefits: Competitive salary, career growth, and the chance to work with talented professionals.
- Other info: Isle of Man residents only; no relocation or sponsorship available.
- Why this job: Make a real impact in combating financial crime while enhancing your career.
- Qualifications: Degree in Business or Law; 5-7 years of relevant experience required.
The predicted salary is between 50000 - 60000 £ per year.
Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offer a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa.
To provide specialised support to the Money Laundering Reporting Officer (MLRO) to implement appropriate frameworks, minimum standards and processes required for business to be undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enable the competitive advantage of the organisation. The Deputy Money Laundering Reporting Officer (DMLRO) supports the MLRO in the effective discharge of the firm’s obligations under the Proceeds of Crime Act 2008, the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, and related AML/CFT legislation and guidance. The DMLRO acts as an alternate MLRO and must be capable of assuming the full responsibilities of the MLRO role at any time.
Minimum Qualification:
- First Degree in Business Commerce (Required)
- First Degree in Legal (Required)
- Post Graduate Degree in Business Commerce (Preferred)
- Post Graduate Degree in Legal (Preferred)
Experience Required:
- 5-7 years experience in Local Isle of Man
- Experience in the realm of Anti-Fraud, Bribery, Market Abuse, Money Laundering and Combatting Financing of Terrorism, Analytics and Investigation.
Key Outputs:
- Provide specialist support to the MLRO in designing and maintaining effective AML/CFT frameworks, standards, and processes to ensure compliant business operations.
- Protect the organisation from operational losses, regulatory sanctions, fines, and reputational damage while supporting its competitive position.
- Support the effective discharge of statutory obligations under the Proceeds of Crime Act 2008, the AML/CFT Code 2019, and related legislation and guidance.
- Act as an alternate to the MLRO, with the capability to assume full MLRO responsibilities when required.
- Deputise for the MLRO in representing the Bank with the Financial Services Authority and other relevant stakeholders.
Behavioural Competencies:
- Articulating Information
- Challenging Ideas
- Convincing People
- Empowering Individuals
- Establishing Rapport
- Examining Information
Technical Competencies:
- Financial Industry Regulatory Framework
- Legal Compliance
Deputy Money Laundering Reporting Officer in Douglas employer: Standard Bank Group
Standard Bank Offshore is an exceptional employer, offering a dynamic work environment in the Isle of Man where employees can thrive alongside some of the industry's most talented professionals. With a strong commitment to employee growth and development, the company provides numerous career-enhancing opportunities while fostering a culture of collaboration and innovation. The focus on meaningful contributions to clients and communities ensures that every team member plays a vital role in driving growth across Africa, making it a truly rewarding place to work.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Money Laundering Reporting Officer in Douglas
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Standard Bank Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Deputy Money Laundering Reporting Officer in Douglas
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Standard Bank Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Standard Bank Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Standard Bank Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Standard Bank Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Standard Bank Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Standard Bank Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
