The Compliance department is looking to recruit a Team Leader to sit within the Retail Anti Money Laundering team.
This is a vacancy which has arisen within the AML compliance team.
Responsibilities
1. 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.
2. Deputise in the MLRO’s absence, assessing internal SAR’s and deciding on whether to submit externally.
3. In the MLRO’s absence attend meetings with Regional Managers/Head of Retail Operations.
4. Chair weekly compliance meetings in the MLRO’s absence.
5. Lead an AML team to achieve Betfred’s risk-based approach.
6. Monitor and review effectiveness of AML analyst daily/weekly tasks.
7. Monitor business using the control measures currently in place and prepare reports to communicate the results of that monitoring.
8. Identify trends, system weaknesses and develop other monitoring systems/controls that will mitigate existing and newly identified risks.
9. Manage, monitor and audit the effectiveness of all Anti Money Laundering policies, procedures and controls.
10. 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.
11. Report any suspicious activity to the MLRO.
12. Deputise in the MLRO’s absence, assessing internal SAR’s and deciding on whether to submit externally to the NCA in the form of a SAR (suspicious activity report).
13. Report any key events (SAR submissions/law enforcement contact) to the Head of Retail Compliance/MLRO immediately.
14. Assist in the development and delivery of staff training materials.
15. Be aware of all current and relevant AML/CTF laws, legislation and industry guidance.
16. Ensure that any new law, legislation, industry guidance is received, understood and implemented within the company’s policies, procedures and controls.
17. Report any new process of significance to senior management and report on the potential commercial impact on the business.
18. Manage and respond to all requests by the regulators, which include the Gambling Commission.
19. To identify and report any risks to senior management in a timely manner.
Skills & Experience
1. Confident in dealing with senior management.
2. Experience of CDD/AML procedures would be an advantage.
3. Problem-solving and analytical skills.
4. Strong knowledge of current and prospective regulation that impacts business.
5. Excellent organisational skills and ability to multi-task.
6. Ability to work under pressure, to precise best practice guidelines while meeting deadlines.
7. Qualification in AML (or studying for qualification).
8. Experience in Management Role/Leadership.
9. Experience in customer due diligence and customer risk profiling.
10. Confidence/Decisiveness – both to make and justify decisions.
11. Flexibility in approach to work and able to work in dynamic environment.
Must be willing to travel.
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