Deputy MLRO - Wealth Management

Michael Page (UK); Greater London; Hybrid; GBP 70,000 - 85,000; Full time

Job summary

A leading wealth management firm seeks a Deputy MLRO to support Compliance and Financial Crime initiatives in London. The role includes acting as MLRO in their absence and ensuring compliance with relevant laws and regulations. Ideal candidates will have a strong understanding of financial crime risks in Wealth Management and experience with UK criminal law. Offering a salary of £70,000 - £85,000 and a hybrid work model with 3 days in the office.

Qualifications

• Comprehensive understanding of regulation concerning fraud, AML, and anti-bribery.
• Strong grasp of financial crime risks in Wealth Management.
• Experience with UK criminal law applying to Financial Crime.

Responsibilities

• Act as MLRO in their absence.
• Support the MLRO in driving strategic change.
• Stay updated on laws and regulations to ensure compliance.

Skills

Understanding of regulation and legislation concerning fraud

Knowledge of anti-money laundering guidelines

Experience with UK criminal law related to financial crime

Familiarity with FCA rules and guidance

Job description

• Excellent opportunity for development
• Growing wealth management firm

About Our Client

Our client are a leading UK Wealth Management firm headquartered in the City of London

Job Description

• The DMLRO will be responsible for acting as MLRO when they are absent
• As a key member of the Financial Crime Team, the DMLRO supports the MLRO in driving strategic change within the processes and controls environment.
• The DMLRO must stay up to date on laws, regulations, and industry guidance to ensure compliance and to proactively anticipate and assess the impact of future changes, implementing updated controls, policies, and processes as needed.

The Successful Applicant

The Deputy MLRO - Wealth Management should have the following skills:

• A comprehensive understanding of regulation and legislation concerning fraud, anti-money laundering, and anti-bribery and corruption, alongside the Joint Money Laundering Steering Group ("JMLSG") guidance notes.
• A strong understanding of the financial crime risks specific to Wealth Management and Financial Planning as well as a thorough grasp of Sanctions and Politically Exposed Person (PEP) requirements.
• Experience with and a strong understanding of UK criminal law as it applies to Financial Crime.
• Knowledge of FCA rules, guidance, and practices, particularly Senior Management Arrangements, Systems & Control (SYSC).

What's on Offer

Salary of £70,000 -£85,000

Hybrid working 3 days per week in the office.