Deputy MLRO

Posted 16 May 2024
Salary Competative Benefits Package
LocationKings Hill
Job type Permanent
Discipline Compliance
Reference105652
Contact NameGeorgia Mason

Job description

Deputy Money-Laundering Reporting Officer (DMLRO)

Location: Kings Hill, Kent (Hybrid working)

Industry: Banking

An exciting opportunity has come up with a bank who are looking for a deputy MLRO to help them on the next stage in their journey.

As Deputy MLRO you'll work closely with the MLRO to support the implementation of anti-money laundering and counter-terrorist financing measures. Responsibilities include assisting in generating MLRO reports, conducting risk assessments, and participating in thematic reviews.

Responsibilities:

  • Manage suspicious activity reports, including submissions to the National Crime Agency
  • Advise on the on-boarding, retention, or off-boarding of high-risk customers
  • Assess the legitimacy of payments to sanctioned jurisdictions
  • Analyse regulatory developments in financial crime
  • Provide policy guidance, training, and monitoring on financial crime
  • Assume MLRO responsibilities
  • Transition financial crime processes into regulated firms from the Group

Requirements:

  • Significant compliance experience gained in a financial institution or other similar environment
  • A working understanding of:
    • Financial crime regulations and requirements
    • Current FCA, FATF, and JMLSG initiatives
    • Compliance planning and monitoring
    • FCA and NCA reporting requirements
    • Compliance reporting and corporate governance
  • Relevant professional qualification (or commitment to study)
  • Deep knowledge of regulations on financial crime and regulatory expectations
  • Experience handling suspicious activity reports and assessing customer risks
  • Proficiency in managing transactions involving sanctioned countries