Head of Financial Crime - MLRO

iwoca; London; On-site; GBP 90,000 - 120,000; Full time

Job summary

An established industry player is seeking a strategic Head of Financial Crime - MLRO to lead compliance efforts in the UK. This pivotal role involves developing a robust AML framework, ensuring regulatory adherence, and supporting scalable growth. The successful candidate will oversee financial crime risk management, lead investigations, and collaborate with various teams to enhance compliance workflows. With a strong focus on safeguarding the company and its customers, this position offers an exciting opportunity to make a significant impact in a dynamic fintech environment, backed by comprehensive benefits and a commitment to professional development.

Benefits

Health Insurance

Pension

Generous Leave

Sabbatical

Mental Health Support

Share Options

Parental Leave

Flexible Schemes

Regular Retreats

Learning and Development Investment

Qualifications

• 8+ years in financial crime compliance with MLRO experience.
• Deep understanding of UK/EU AML regulations and fraud prevention.

Responsibilities

• Lead AML compliance and develop financial crime frameworks.
• Conduct risk assessments and oversee transaction monitoring.
• Act as primary contact with FCA and lead policy updates.

Skills

Financial Crime Compliance

AML Regulations

Risk Assessment

Transaction Monitoring

Team Leadership

Collaboration Skills

Education

ICA Diploma in AML

Job description

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We’re looking for a Head of Financial Crime - Money Laundering Reporting Officer (MLRO)

We're seeking a hands-on and strategic Head of Financial Crime - MLRO to lead iwoca’s financial crime compliance in the UK. You’ll be responsible for developing and maintaining a robust AML framework, ensuring regulatory compliance, and supporting scalable growth. Reporting directly to the UK General Manager, you'll play a key role in safeguarding iwoca, our customers, and our reputation.

About Us

iwoca provides fast, flexible finance to empower small businesses, helping them manage cash flow and seize opportunities. Since 2012, we’ve funded over 100,000 businesses with several billion in funding, aiming to finance one million businesses through innovative technology, data science, and excellent customer service.

Your mission

• Financial Crime & AML Oversight: Serve as the registered MLRO for UK operations, overseeing AML, CTF, sanctions, and fraud risk management. Develop and evolve financial crime frameworks, lead investigations, and ensure compliance with regulations.
• Risk Assessment & Monitoring: Conduct risk assessments, oversee transaction monitoring, and collaborate with teams to improve compliance workflows.
• Policy & Training: Develop policies, deliver training, and embed compliance into new product offerings.
• Governance & Regulatory Engagement: Act as primary contact with FCA and authorities, lead reporting, and oversee policy updates.
• Team Leadership & Collaboration: Lead the compliance team, collaborate with legal, product, and risk teams, and manage investigations.

Requirements

• 8+ years in financial crime compliance, with MLRO or Deputy MLRO experience, preferably in fintech or credit sectors.
• Deep understanding of UK/EU AML regulations, sanctions, and fraud prevention.
• Experience scaling compliance programs for diverse product lines.
• Expertise in risk assessments, CDD, EDD, and transaction monitoring.
• Proven collaboration skills with internal teams and regulators.
• Leadership experience and relevant certifications (e.g., ICA Diploma in AML).

Salary & Benefits

Salary range: £90K - £120K. Include your salary expectations in your application. We offer comprehensive benefits, including health insurance, pension, generous leave, sabbatical, mental health support, share options, parental leave, flexible schemes, and regular retreats. We also invest in learning and development.

Additional Info

Location: London, Leeds, Frankfurt. Employment: Full-time. Seniority: Executive. Function: Finance and Sales.