The Director AML Compliance, MLRO is responsible for overseeing and ensuring compliance of Automatic Data Processing Limited (ADP UK) business with anti-money laundering (AML) regulations and the Payment Services Regulations, including monitoring transactions, reporting suspicious activities to relevant authorities, developing and maintaining AML policies and procedures, and acting as the primary point of contact for all matters related to financial crime prevention in the UK, including providing periodic reporting directly to senior management and the Financial Conduct Authority (FCA) and (2) identifying emerging compliance issues and recommending measures to mitigate risk exposure (3) applying policies and controls to mitigate any risk. The Director AML Compliance, MLRO reports directly to the VP, Global Financial Crimes Officer of ADP, with a strong dotted line into the General manager, Northern Europe.
KEY OBJECTIVES:
* Review and maintain ADP UK’s risk framework and financial crime controls.
* Provide advice and support to ADP UK management and staff on all AML compliance and regulatory matters.
* Maintain a strong compliance environment whilst driving a continuous improvement culture.
* Provide periodic reporting to senior stakeholders across the business, both locally and internationally.
* Ensure compliance with ADP policies and FCA license requirements.
* Identify compliance risks, whether existing, new, or emerging and monitor compliance with and periodically update the policies, controls and procedures the Company has adopted to manage risk and make recommendation to remediate such risks.
KEY DUTIES:
* Manage ADP’s Anti-Money Laundering/Counter Terrorism Financing (“AML/CTF”) Programme and provide advice to ADP UK’s Leadership in coordination with the Legal Director to ensure ADP UK’s compliance with applicable AML laws and regulations.
* Evaluate and monitor the AML/CTF risks associated with a complex portfolio of clients and products across the UK business operations and develop, update, and maintain appropriate policies, procedures, and controls to mitigate risk exposure and satisfy the legislative guidance and recommendations.
* Manage day to day operational functions of AML Compliance team – namely evaluating onboarding new clients, daily sanctions screening reviews, transaction monitoring reviews, periodic reviews, and preparing Suspicious Activity Reports (when applicable).
* Support the business with periodic AML training.
* Act as principal contact between ADP UK and FCA
* Report to senior leadership team (ADP UK executive committee) on a periodic basis regarding compliance performance and risk findings.
* Work in coordination with VP Global Financial Crimes Officer on best practices to minimise risk.
* Provide reporting to the FCA where required. Support any audit requirements for any AML audits, financial audits related to payment service activity and pull together any management comments
* In coordination with the VP, Global Financial Crimes Officer, act as the point of contact for internal and external program reviews, assessments, and examinations.
* Oversee the timely and proper remediation of examination and/or audit findings, if any closing off actions within time limits to satisfy internal audit.
* Work with the UK Legal Director in the preparation and review of materials for regular Compliance Committee Meetings.
* Monitor the governance of various compliance initiatives, including but not limited to AML/CTF/KYC and AML laws and regulations, and risk compliance programme
* Maintain all compliance files in accordance with applicable AML and FCA regulations and guidance and keep requisite registers and training registers as they relate to AML/CTF/KYC and AML laws and regulations.
SKILLS AND KNOWLEDGE:
* Educated to degree level at a minimum
* Other relevant qualifications would be an advantage
* 5+ years previous AML/KYC experience
* Strong people management experience
* A thorough understanding of the Money Laundering Regulations and JMLSG guidance
* Familiar with laws and regulations relating to financial crime prevention.
* Demonstrated track record in risk analysis, development of controls and process improvements.
* Experience working with auditors and regulators.
* A self-starter with a strong drive for results and a strong sense of ownership, but also a willingness to take direction.
* Must possess excellent communication/relationship building skills and be able to influence at all levels both internally (domestic and international) and externally.
* Motivated, self-sufficient, confident, and competent enough to drive through changes in a non-confrontational manner.
* An efficient and organised worker with an ability to multitask on a multitude of matters under time pressure in an organised and accurate manner.
* Must possess sound business judgment coupled with precise attention to detail.
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