Deputy MLRO

Saltus; Bath; Hybrid; GBP 90,000 - 100,000; Full time

Benefits offered by this job

28 days holiday

Private medical insurance

Pension

Study assistance

Life assurance

Flexible benefits platform

Job summary

Saltus is seeking an experienced Deputy MLRO to own and enhance the AML/Financial Crime framework within our Wealth Management business. You will lead the design and delivery of robust controls, collaborate with Compliance and Operations, and drive best practice across the firm. The role offers hybrid working from Bath or Whiteley with a salary of £90k–£100k plus excellent benefits.

Qualifications

• Minimum 5 years in Deputy MLRO/AML role within financial services.
• Proven experience designing or enhancing AML/Financial Crime frameworks.
• Strong knowledge of FCA rules and regulatory expectations.
• Excellent communication, training delivery and policy-writing skills.

Responsibilities

• Lead review and enhancement of AML/Financial Crime framework.
• Prioritise and remediate consultant findings with clear plan and timeline.
• Own the Financial Crime programme ensuring regulatory obligations are met.
• Redesign AML/CDD/EDD and Financial Crime policies, procedures and controls.
• Develop and implement robust client risk-rating methodologies.
• Establish and embed EDD processes for high-risk clients and relationships.
• Enhance onboarding and ongoing monitoring controls including identity verification.
• Conduct Financial Crime risk assessments and propose mitigating controls.
• Collaborate with Compliance, Operations and client-facing teams to improve processes.
• Deliver engaging AML/Financial Crime training across the business.
• Provide ongoing guidance on AML, Financial Crime and regulatory matters.

Skills

AML knowledge

FCA rules

EDDs

Risk assessments

Training delivery

Stakeholder mgmt

Education

AML qualification (ICAS/ACAMS)

Job description

Bath or Whiteley Office | Hybrid Working | Salary £90k-£100k DOE + excellent benefits

Introduction

We are seeking an experienced and hands-on Deputy Money Laundering Reporting Officer (Deputy MLRO) to join our growing Wealth Management business. This is a unique opportunity for a Financial Crime professional to take ownership of our AML and Financial Crime framework, driving significant enhancements across the business.

This is an opportunity to make a genuine impact within a growing Wealth Management firm. You'll have the autonomy to assess our current framework, build robust Financial Crime controls, implement lasting improvements and leave a meaningful legacy for the business. If you are an experienced Financial Crime professional who enjoys creating structure, driving change and embedding best practice, we'd love to hear from you.

Why Saltus?

Our mission is to improve everyone’s relationship with their wealth: to make it a positive force for their future and at the same time to prevent it being a source of anxiety. We want everyone who works at Saltus to be proud to work here, and to find fulfilment and meaning in the work that they do.

We are incredibly proud of our culture and work really hard to ensure that Saltus is a great place to work for our people, where they can have fun and grow in their career, with a passion for excellence and customer service.

We’re proud that we’ve been recognised as a winner by the Sunday Times in the Best Places to Work 2024 awards, as well as a winner in the Professional Adviser awards 2025 for the Best Financial Advisers to Work For. These accolades reflect our commitment to creating an exceptional work environment and our dedication to excellence in the financial industry. Join our award‑winning team and be a part of our continued success!

Saltus is a privately owned financial planning and discretionary investment management house. We are dedicated to providing a high‑quality service for private clients, trusts, and smaller institutions.

Saltus Partners was founded in 2004 and has grown organically and through a small number of carefully integrated acquisitions. Originally the business started out as an investment manager and has now developed the financial planning side of the offering, putting this at the forefront of the client relationship.

Today Saltus manages and advises on over £12 billion of client assets, acquired through a combination of organic business growth and corporate acquisitions.

What does this role look like?

You will have responsibility for:

• Leading the review and enhancement of the Company's AML and Financial Crime framework.
• Conduct a comprehensive review of an external compliance consultant's findings and recommendations, prioritising and delivering remediation activities.
• Take ownership of the Financial Crime programme, ensuring regulatory obligations are met and best practice is embedded.
• Reviewing, redesigning and implementing AML, CDD, EDD and Financial Crime policies, procedures and controls.
• Developing and implementing a robust client risk‑rating methodology.
• Establishing and embedding Enhanced Due Diligence (EDD) processes for higher‑risk clients and relationships.
• Enhancing our customer onboarding and ongoing monitoring controls, including identity verification requirements.
• Carry out Financial Crime risk assessments and recommend appropriate mitigating controls.
• Work collaboratively with Compliance, Operations and client‑facing teams to improve processes and controls.
• Deliver engaging AML and Financial Crime training across the business to improve awareness, understanding and compliance.
• Provide ongoing guidance and support to colleagues on AML, Financial Crime and regulatory matters.

What sort of person are we looking for?

We're looking for an individual who can quickly assess the current state, develop practical solutions and drive implementation.

You will have:

• Minimum 5 years’ experience in Deputy MLRO, Financial Crime Manager, AML Manager role within financial services.
• Proven experience designing, implementing or enhancing AML and Financial Crime frameworks.
• Strong understanding of:
• Enhanced Due Diligence (EDD)
• Client Risk Assessments and Risk Rating Methodologies
• Ongoing Monitoring
• Financial Crime Risk Management
• UK AML regulations and expectations
• Strong knowledge of FCA rules and regulations, including the FCA Handbook, SM&CR, Consumer Duty, and DFM/platform rules.
• AML-related professional qualification (ICAS, ICA Diploma, ACAMS or equivalent) preferred.
• The ability to influence stakeholders and drive change across a business.
• Ability to challenge constructively and influence decision‑making.
• Proactive and adaptable in a fast‑paced regulatory environment.
• Excellent analytical and problem‑solving skills.
• Strong policy and procedure writing skills.
• Excellent communication and training delivery skills.
• A proactive, pragmatic and hands‑on approach.

Where will I be working?

We’re incredibly flexible about where, when, and how you work: we don’t want anyone to be prevented from coming to work for Saltus as a result of the working pattern that they’re looking for. Ideally, you’d be able to be based out of either our Bath or Whiteley office for a minimum of three days each week, working the remainder of the week from home.

We are passionate about championing flexible working for our people, so if there’s a slightly different working pattern that you’re looking for, then please come and have a chat to us about it.

What benefits do I get when working for Saltus?

The role is 40 hours per week to be worked between the hours of 8:30-5.30pm with a salary range of £90k-£100k per year, depending on experience. Alongside this, you get fantastic benefits including 28 days’ holiday (plus bank holidays + your birthday off!), study assistance, life assurance cover, income protection, private medical insurance and a pension, alongside access to our flexible benefits platform.

Just as importantly, you’ll get to experience our culture, which we really do live and breathe, ensuring that Saltus is a fantastic place to work for every single one of our 500+ people. We work hard, but we have an awful lot of fun along the way. If you think you’d like to come and join us, then please do get in touch… we’d love to hear from you!