At a Glance
- Tasks: Lead compliance efforts and manage AML/CFT frameworks to combat financial crime.
- Company: Join Standard Bank, a leader in financial services with a commitment to diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic role with opportunities to influence across multiple countries and business areas.
- Why this job: Make a real impact in the fight against financial crime while advancing your career.
- Qualifications: 5-7 years in Regulatory Services with expertise in compliance and financial crime.
The predicted salary is between 85000 - 100000 £ per year.
To fulfil the role of the Money Laundering Reporting Officer for the Standard Bank Isle of Man supervised persons, and to receive and consider internal SARs in accordance with internal reporting procedures in accordance with Part 7 of the IOM AML/CFT Code 2019.
Qualifications Experience Required: 5 - 7 years experience in Regulatory Services. The role requires an expert in Compliance with profound knowledge of the full dimensions of the field, but deep expertise in the relevant area of specialisation. Regulatory environment savvy, with the proven ability to influence all levels of employees across multiple countries and business areas to effectively implement compliance frameworks.
Key Outputs:
- Maintain and enhance the AML/CFT/CPF framework, ensuring compliance with Isle of Man legislation, regulatory requirements, and industry best practice.
- Provide reporting, oversight, and strategic guidance to Boards, Committees, and senior management.
- Manage the end-to-end SAR process, fulfil statutory disclosure obligations, and act as custodian of the AML/CFT Business Risk Assessment, identifying and mitigating emerging financial crime risks.
- Act as the primary liaison with regulators, law enforcement agencies, external auditors, and industry bodies, responding to enquiries and representing the organisation in relevant forums and working groups.
- Lead complex investigations, support regulatory inspections, advise business stakeholders on AML/CFT matters, and oversee the effectiveness of financial crime systems, controls, monitoring, and reporting.
- Lead the MLRO function, oversee AML/CFT training and awareness programmes, develop team capability, and promote a strong culture of compliance across the organisation while fulfilling all regulatory responsibilities of the MLRO role.
Additional Information: Salary range GBP 85,000 to GBP 100,000.
Our Commitment to Diversity, Equity and Inclusion: Standard Bank Group is committed to fair and inclusive employment practices. We aim to build a workforce that reflects the diversity of the communities we serve and welcome applications from candidates of all backgrounds, including people with disabilities. We strive to create an environment where everyone has an equal opportunity to contribute and grow.
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 integrity in the financial sector. With a strong commitment to diversity, equity, and inclusion, employees are encouraged to grow and develop their skills while contributing to meaningful initiatives that protect against financial crime. The Isle of Man location provides a unique blend of professional opportunities and a supportive community, making it an ideal place for those looking to make a significant impact in their careers.
Contact Details:
Standard Bank of South Africa Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Money Laundering Reporting Officer in Douglas
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We think you need these skills to ace Money Laundering Reporting Officer in Douglas
Some tips for your application 🫡
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