Head of Compliance and MLRO

Payine; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

Payine is looking for a Head of Compliance and MLRO to join its leadership team in London. This pivotal role involves safeguarding the organization against fraud and money laundering, ensuring compliance with regulations, and leading a team dedicated to financial crime prevention. The ideal candidate will have extensive experience in compliance management within the payments sector, strong leadership qualities, and the ability to engage effectively with stakeholders. This opportunity offers a competitive salary and a chance to impact the company's regulatory framework positively.

Qualifications

• 5 years of experience as Compliance officer and MLRO within Payments Industry/Electronic Money Institution.
• AML / CTF advisory experience and good working knowledge of SARs regime.
• Excellent communication skills and credible stakeholder engagement.

Responsibilities

• Manage anti-money laundering compliance and financial crime prevention.
• Liaise with law enforcement to identify fraud trends and organize criminal activity.
• Develop and maintain an effective anti-money laundering program.

Skills

Compliance management

Anti-Money Laundering (AML)

Fraud prevention

Stakeholder engagement

Leadership

Job description

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We are looking for a Head of Compliance and MLRO to join our leadership team and play a critical role in shaping our regulatory framework and risk culture.

ABOUT THE ROLE:

As Head of Compliance and MLRO, you will be responsible for managing and maintaining all aspects of the firm’s Compliance and Financial Crime functions. Your primary remit will be to safeguard the business against fraud, money laundering, internal fraud, security threats, and related reputational risks.

In parallel, you will ensure the swift and effective detection and reporting of money laundering activities, embedding anti-money laundering legislation, regulatory rules, and industry guidance across the organization.

MAIN DUTIES AND RESPONSIBILITIES:

• Responsible for anti-money laundering (AML) compliance providing oversight, control, support and coordination for anti-money laundering compliance;
• Manage the entire compliance members of the firms both locally in the UK and abroad;
• Manage Financial Crime Prevention function supporting and protecting the business against Fraud and Money Laundering Risk, Internal Fraud, Security and related reputational risk ensuring that the needs of all stakeholders are met;
• Maintain relationships with the firm banking partners;
• Own all aspects of the Compliance framework;
• Responsible for the development, implementation and maintenance of an effective tactical and strategic anti-money laundering program;
• Understand and have continuing knowledge of all local AML requirements to ensure that the AML program is consistent with all applicable local laws, regulations and rules and that the AML program is updated, as required, in light of changes to local laws, regulations and rules;
• Develop and manage a regular monitoring and reporting process to inform senior management, the audit committee and the board, as necessary and required;
• Ensure that all activity and transactions that are identified as potentially suspicious are investigated, reviewed and resolved in accordance with established procedures;
• Manage AML Compliance Teams to address issues raised in internal audit reports, self-assessments, compliance reviews or regulator’s examination about AML policy;
• To personally manage and where appropriate carry out high profile/sensitive investigations;
• Establish and maintain liaison with local/county/regional and international financial industry representatives to proactively identify current fraud trends, criminal activity and the identification of organized criminal groups and influence security best practices;
• Liaison with national and international law enforcement entities and liaison with local financial industry representatives to proactively identify fraud trends/criminal activity and organized criminal attacks.

CANDIDATE PROFILE:

• 5 years of experience of working as a Compliance officer and MLRO within a Payments Industry/Electronic Money Institution in UK and ideally in EEA;
• AML / CTF advisory experience and good working knowledge of SARs regime;
• Working knowledge of the legal and regulatory obligations for UK; including MLRs PSRs and EMRs;
• Excellent communication skills both written and verbal;
• Credible stakeholder engagement skills to align with our organizational values and behaviors
• Strong leadership skills.

LEARN MORE ABOUT US BY FOLLOWING US ON SOCIAL MEDIA:

LinkedIn: https://www.linkedin.com/company/payine

Instagram: https://www.instagram.com/payine_emi/

Facebook: https://www.facebook.com/people/Payine/100092664741194/

All applications will be treated with the strictest confidence.

Only successful applicants will be contacted.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

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