KeyDetails
Title:Compliance Officer and Money Laundering Reporting Officer(MLRO)
ContractType: FullTime
Location:CanaryWharf
FintechRecrecruit on behalf of some of the most recognized brands within FXFinTech and Payments.
Ourclient is an FCA Authorised Payment Institution helping UKcorporates and individuals manage their currency needs andproviding their international paymentsolutions.
AbouttheRole
Ourclient are looking to recruit an MLRO / Compliance Officer to leadtheir Compliance Function playing an essential role in helpingfight financial crime and manage regulatory requirements. You willact as a Payment Service Directive (PSD) Individual with the FCAand Nominated Officer with HMRC for thecompany.
AsCompliance Officer and MLRO you will be responsible for theCompliance and Risk Frameworks working directly with the ManagingDirector and Financial Planner as part of the Senior ManagementTeam.
Therole includes hands on involvement in Compliance and AML processesincluding onboarding and transactionmonitoring.
Thisrole could be a fantastic opportunity for an existing ComplianceOfficer or MLRO or for a Compliance Manager or Deputy MLRO lookingfor their step in theircareer.
Requirements
KeyResponsibilitiesinclude:
ComplianceFramework Maintain and developthe firms Compliance Framework of Policies Procedures Systems andControls ensuring these remain in line with regulatory requirementsrisk appetite and operationally effective as the business growswith any identified deficiencies remediedpromptly.
RiskBased Approach Managing anddeveloping the brands Risk Based Approach through the Whole FirmRisk Assessment and Client Risk Assessment including identifyingand assessing new and emerging Money Laundering risks to businessand their relevantmitigations.
RegulatoryEnsuring the firms ongoing compliance withcurrent legislation and regulation and new legislation andregulation as and when it becomes relevant.
RegulatoryEnsuring all regulatoryreporting is accurate complete and submitted promptly and acting asthe primary contact for all contact with regulatory and lawenforcement bodies.
SuspiciousActivity Receiving andinvestigating all internal Suspicious Activity Reports (SAR) raisedand if appropriate raising externally with the National CrimeAgency (NCA) in a timely manner.
Onboardingand Ongoing MonitoringConducting Due Diligence reviews and client approvals on all newclients and on a periodic basis of existingclients.
TransactionMonitoring Monitoring reviewingand approving transactions identified for review and setting clienttradelimits.
GovernanceProduce regular ComplianceReports and represent the Compliance Function at Senior ManagementMeetings.
ComplianceMonitoring Develop and maintainthe Compliance Monitoring Plan to monitor ongoing effectiveness ofthe Compliance Framework including management of complianceaudits.
TrainingEnsure all staff receive relevant and regular training in relationto Money Laundering and their relevant responsibilities includingmanagement of training materials and traininglog.
RiskBased Approach ManagingPolitical Exposed Person (PEP) and Sanctions exposure within thebusiness client base andtransaction.
KeyRequirements:
1years experience as MLRO or Compliance Officer or 2 yearsexperience as Deputy MLRO or ComplianceManager.
Experiencewithin the payment and/or FXindustry.
Strongknowledge of the UK legislative and regulatory environment andrequirements e.g. Payment Service Regulations Money LaunderingRegulationsetc.
Rightto live and work in the UK is essential.
Motivatedorganised and able tomultitask.
Goodcommunicator to other business functions and seniormanagement.
Suitableto undergo Fit and Proper Person checks e.g. no unspentconvictions.
Bonusif you have an external AML qualification e.g. ICA orACAMs.
Benefits
Whattoexpect:
Greatopportunities to develop your AML and wider complianceknowledge
BaseSalary up to170000.
GreatWork/Life balance and normal office hours 8:30 to17:30
Afriendly & experienced team to work with and an office inCanaryWharf
ContributoryPension
Requirements Competencies: A collaborative team player,approachable, self-efficient and influences a positive workenvironment. Demonstrates curiosity. Resilient in a challenging,fast-paced environment. Excels at building relationships,networking and influencing others. Strategic collaborator withinsight and agility, able to anticipate future challenges, ensuringoperational effectiveness. Skills and Experience: Previousexperience of between 2-3 years in FX Sales. Strong pricing andstructuring capabilities. Entrepreneurial spirit and highlyadaptable. Strong problem-solving skills, ability to navigate andsimplify complex processes. Good knowledge of FX derivatives.Ability to multi-task and detail oriented. Excellent communicationskills, foreign languages a plus. Excellent verbal and writtencommunication skills. Experience working in a regulated environmentand knowledge of the risk and compliance requirements associatedwith this.