The Compliance department is looking to recruit a Team Leader to sit within the Retail Anti Money Laundering team.
This vacancy has arisen within the AML compliance team.
Responsibilities
* In the MLRO’s absence, deputise as the company’s point of contact for law enforcement; receive DPAs/Production orders, liaise with investigating officers providing evidence, witness statements and potentially attend court.
* Deputise in the MLRO’s absence, assessing internal SARs and deciding on whether to submit externally.
* In the MLRO’s absence, attend meetings with Regional Managers/Head of Retail Operations.
* Chair weekly compliance meetings in the MLRO’s absence.
* Lead an AML team to achieve Betfred’s risk-based approach.
* Monitor and review effectiveness of AML analyst daily/weekly tasks.
* Monitor business using the control measures currently in place and prepare reports to communicate the results of that monitoring.
* Identify trends, system weaknesses and develop other monitoring systems/controls that will mitigate existing and newly identified risks.
* Manage, monitor and audit the effectiveness of all Anti Money Laundering policies, procedures and controls.
* Conduct CDD (customer due diligence)/EDD (enhanced due diligence) on high-net-worth customers, document findings accordingly and make recommendations to senior managers in relation to the status of the business relationship.
* Report any suspicious activity to the MLRO.
* Deputise in the MLRO’s absence, assessing internal SARs and deciding on whether to submit externally to the NCA in the form of a SAR (suspicious activity report).
* Report any key events (SAR submissions/law enforcement contact) to the Head of Retail Compliance/MLRO immediately.
* Assist in the development and delivery of staff training materials.
* Be aware of all current and relevant AML/CTF laws, legislation and industry guidance.
* Ensure that any new law, legislation, industry guidance is received, understood and implemented within the company’s policies, procedures and controls.
* Report any new process of significance to senior management and report on the potential commercial impact on the business.
* Manage and respond to all requests by the regulators, which include the Gambling Commission.
* Identify and report any risks to senior management in a timely manner.
Skills & Experience
* Confident in dealing with senior management.
* Experience of CDD/AML procedures would be an advantage.
* Problem-solving and analytical skills.
* Strong knowledge of current and prospective regulation that impacts business.
* Excellent organisational skills and ability to multi-task.
* Ability to work under pressure, to precise best practice guidelines while meeting deadlines.
* Qualification in AML (or studying for qualification).
* Experience in Management Role/Leadership.
* Experience in customer due diligence and customer risk profiling.
* Confidence/Decisiveness – both to make and justify decisions.
* Flexibility in approach to work and able to work in a dynamic environment.
Must be willing to travel.
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