Money Laundering Reporting Officer

Recruitment Solutions (Folkestone) Ltd

An exceptional career opportunity is available, due to the company’s success and expansion, for an experienced Money Laundering Reporting Officer (MLRO) with a leading Bridging Finance Lender

A market leading package is being offered, a competitive negotiable package, comprehensive benefits and bonus, a long-term career in a dynamic organisation and career progression. This is an office-based role, in London, 5-days per week

Money Laundering Reporting Officer (MLRO) & Nominated Officer (NO)

Purpose of Role:

The MLRO/NO is responsible for ensuring that the firm complies with all relevant and applicable anti-money laundering and counter-terrorist financing (including sanctions) legislation and regulations.

The role involves managing the firm’s AML/CTF & Sanctions compliance program, developing and implementing policies and procedures, staff training, overseeing the compliant day to day onboarding of clients and investors (including, if necessary, where Enhanced Due Diligence is required), advising and supporting the business, receiving, investigating and where necessary reporting any suspicious activity to the National Crime Agency (NCA), and providing assurance to Senior Management Team / Board as to the effectiveness of the firm’s compliance program.

The jobholder will also be expected to be the point of contact with the FCA, NCA and other applicable law enforcement agencies, as well as liaising as appropriate with the relevant sanction issuing bodies such as HMT’s Office of Financial Sanctions Implementation (OFSI) and the US Office of Foreign Assets Control (OFAC).

Money Laundering Reporting Officer Key Responsibilities:

Develop and maintain the firm’s AML/CTF & Sanctions Compliance program, policies, and procedures.

Act as the point of contact within the firm for all AML/CTF & Sanctions matters and liaise with Senior Management/the Board and other departments within the firm to ensure that AML/CTF & Sanctions risks are identified and managed effectively.

Oversee the effective conduct of business wide and individual client risk assessments and due diligence on clients and investors and their transactions to identify and mitigate potential money laundering and terrorist financing risks or where a sanctions compliance breach exists.

Implement and manage systems and controls to receive, investigate and report suspicious activity to the NCA and sanctions matches to the relevant sanctioning authority.

Provide training and awareness to all employees on AML/CTF & Sanctions matters.

Keep up to date with changes in legislation and regulations relating to AML/CTF & Sanctions and ensure that the company’s policies and procedures reflect these changes.

Maintain accurate records and reporting in line with regulatory requirements, expectations, and industry best practice.

Respond to requests for information from regulatory authorities and law enforcement agencies.

Money Laundering Reporting Officer Essential Skills, Experience & Qualifications:

At least 5 years of experience in AML/CTF & Sanctions compliance, within the financial services industry.

Knowledge of relevant legislation and regulations, including the Money Laundering Regulations 2017 (as amended), the Proceeds of Crime Act 2002 (PoCA), the Terrorism Act 2000 and the Sanctions & Anti-Money Laundering Act (SAMLA) 2018.

Knowledge of associated legislation such as the Fraud Act 2006, the Bribery Act 2010, and the Criminal Finances Act 2017.

Knowledge of the wider, domestic, and international AML/CTF & Sanctions framework including the FCA Handbook, JMLSG Guidance Notes, EU Directives, UN resolutions and the Financial Action Task Force (FATF).

Recent experience and in-depth understanding of the NCA SAR reporting regime, including but not limited to the reporting of a SAR to the NCA, applications for DAML’s and use of deemed consent.

Strong analytical and problem-solving skills.

Excellent communication and interpersonal skills.

Ability to work independently and as part of a team.

Attention to detail and accuracy in record-keeping and reporting.

Professional certification in AML/CTF & Sanctions compliance, such as ICA or ACAMS.

Knowledge of emerging trends and best practices in AML/CTF & Sanctions compliance.

Strong ethical and moral values, with a commitment to upholding the highest standards of integrity and professionalism.

Ability to work well under pressure and within tight deadlines.

Excellent written and verbal communication skills, with the ability to present complex information in a clear and concise manner.

Strong problem-solving skills, with the ability to think creatively and outside the box.

Money Laundering Reporting Officer Desirable Skills, Experience & Qualifications:

Experience in developing and implementing AML/CTF & Sanctions compliance programs.

A good understanding of the consumer credit and lending market.

Experience in managing and leading a team of compliance professionals.

Self-motivated and proactive in identifying and addressing AML/CTF & Sanctions risks.

Flexibility and adaptability, with the ability to adjust to changing priorities and business needs.

Knowledge of data analytics and how it can be used to identify and mitigate AML/CTF & Sanctions risks.

Experience in building strong relationships with regulatory authorities and industry bodies.

Strong project management skills, including the ability to manage multiple projects simultaneously.

Understanding of the wider compliance regime, including matters such as Data Protection, Information Security, The Duty, Conduct Risk, SM&CR, Business Resumption, and Complaint Handling.

Degree in law, finance, or a related field.

This is an overview of the role and is subject to change and adaption depending on the needs of the business

Job Overview

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