At a Glance
- Tasks: Support the MLRO in implementing AML/CFT frameworks and ensuring compliance.
- Company: Join Standard Bank Isle of Man, a leader in financial services.
- Benefits: Competitive salary, professional development, and a chance to make a real impact.
- Other info: Exciting opportunity for career growth in a dynamic regulatory environment.
- Why this job: Be at the forefront of combating financial crime and protecting the organisation's reputation.
- Qualifications: Degree in Business or Law, with 5-7 years of relevant experience.
The predicted salary is between 60000 - 75000 £ per year.
Business Segment: Group Functions
Company: Standard Bank Isle of Man
NOTE: This role is not open to Relocation or Sponsorship. Isle of Man residents are eligible to apply.
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 Money Laundering Reporting Officer (“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.
Qualifications
- 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.
Deputy Money Laundering Reporting Officer in Douglas employer: Standard Bank of South Africa Limited
Standard Bank Isle of Man is an exceptional employer, offering a dynamic work environment that prioritises compliance and operational excellence. With a strong focus on employee development, we provide opportunities for growth within the financial services sector, all while enjoying the unique benefits of working in the Isle of Man, including a supportive community and a commitment to maintaining high professional standards.
Contact Details:
Standard Bank of South Africa Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Money Laundering Reporting Officer in Douglas
✨Tip Number 1
Network like a pro! Reach out to folks in the finance and compliance sectors, especially those who know the Isle of Man scene. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on AML/CFT regulations and recent trends. We want you to be the go-to person for compliance discussions, so show off your knowledge and passion during those interviews!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and fit your skills, making your application stand out.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you fresh in their minds. Plus, it shows your enthusiasm for the role and helps build a connection with the hiring team.
We think you need these skills to ace Deputy Money Laundering Reporting Officer in Douglas
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Deputy Money Laundering Reporting Officer role. Highlight your relevant experience in anti-money laundering and compliance, and don’t forget to mention any specific qualifications that match the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention your understanding of AML/CFT legislation and how your experience aligns with the responsibilities outlined in the job description.
Showcase Your Local Knowledge:Since this role requires local Isle of Man experience, make sure to emphasise your familiarity with the local regulations and market. This will show us that you understand the unique challenges and opportunities in the region.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Standard Bank of South Africa Limited
✨Know Your Legislation
Make sure you brush up on the Proceeds of Crime Act 2008 and the AML/CFT Code 2019. Being able to discuss these laws confidently will show that you understand the legal framework you'll be working within.
✨Showcase Your Experience
Prepare specific examples from your 5-7 years of experience in anti-fraud, money laundering, or related fields. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements.
✨Understand the Role
Familiarise yourself with the responsibilities of a Deputy Money Laundering Reporting Officer. Be ready to explain how you would support the MLRO and what steps you would take to maintain compliance and protect the organisation.
✨Engage with Questions
Prepare thoughtful questions to ask at the end of your interview. This could include inquiries about the current challenges the MLRO faces or how the team collaborates with the Financial Services Authority. It shows your interest and engagement.
