MLRO (UK)

Xace Ltd.; Greater London; On-site; GBP 90,000 - 125,000; Full time

Job summary

Xace Ltd. is seeking a Money Laundering Reporting Officer (MLRO) to own and continuously improve the financial crime framework for its FCA-authorised entity. You will lead AML/CTF, sanctions, and monitoring workflows, with hands-on work inside Sumsub and direct interaction with the FCA and regulators.

You will design detection rules, oversee case management, and build MI for senior leadership. Strong regulatory knowledge and a track record in regulated payments are essential.

Qualifications

• 3+ years as MLRO in a regulated payments or e‑money environment
• CAMS, ICA Diploma or equivalent AML/financial crime qualification
• Deep knowledge of Money Laundering Regulations 2017, JMLSG guidance, FCA AML rulebook, and FATF standards
• Hands‑on Sumsub experience: building, automating and improving workflows, rules and thresholds
• Track record of owning and improving a screening and monitoring platform
• Comfort with data and reporting tools (Excel to advanced level, Power BI)
• Strong report writing and board‑level communication skills

Responsibilities

• Act as MLRO for Xace's FCA-authorised entity and oversee AML/CTF and sanctions compliance
• Design and configure detection rules and scenarios inside the platform
• Improve screening, monitoring and case management, reducing false positives
• Build and maintain compliance MI and reporting from Sumsub and other sources for the Board and regulators
• Own Sumsub end‑to‑end: onboarding, KYC/KYB, monitoring, and rule thresholds
• Lead risk assessments for the business, including iGaming risk typologies
• Review and submit SARs and oversee investigations from escalation to closure
• Own CDD/EDD and onboarding decisioning workflows within Sumsub
• Liaise with the FCA and handle information requests
• Evolve AML/CTF/compliance policies and deliver group training
• Partner with product/engineering to embed compliance-by-design
• Conduct banking partner audits
• Point of contact for law enforcement and NCA requests

Skills

MLRO experience

AML/financial crime qualification

Regulatory knowledge

Sumsub experience

Data & reporting tools

Board-level communication

Tools

Sumsub

Excel

Power BI

Job description

About Xace

Xace is a global, multi-licensed finance infrastructure group, providing business accounts, international payments, cards, treasury, FX, safeguarding and financial technology to companies operating worldwide.

Originally built for the iGaming sector, the Xace Group works with more than 1,000 brands, including the industry's leading names.

Xace's technology arm delivers market-leading, module-based technology with hundreds of features, designed for multiple industries and used by other regulated fintechs.

The role

We are looking for a Money Laundering Reporting Officer who will own our financial crime framework. The role suits someone who holds genuine regulatory and statutory authority as MLRO, and who has hands‑on experience in maintaining onboarding and monitoring workflows to screening and case management.

You will hold the MLRO function for Xace's FCA-authorised entity, with accountability for AML, CTF and sanctions compliance extending across the wider group of companies it supports.

Key responsibilities

• Act as MLRO for Xace's FCA-authorised entity, holding statutory responsibility for AML, CTF and sanctions compliance, and extending oversight to the group companies it supports
• Work hands‑on across transaction monitoring and screening, designing and configuring detection rules and scenarios directly inside the platform rather than only briefing others on requirements
• Continuously review and improve the effectiveness of screening, monitoring and case management, testing changes, reducing false positives and closing gaps as they emerge
• Build and maintain compliance MI and reporting from Sumsub and other sources, for the Board, regulators and senior management
• Own the Sumsub end‑to‑end as the core system: configure and maintain workflows, build and automate onboarding, KYC/KYB and monitoring, adapt rules and thresholds, and drive constant improvements
• Lead business‑wide, customer and product risk assessments, with particular attention to iGaming risk typologies
• Review, approve and submit SARs, and oversee financial crime investigations from escalation through to closure
• Own CDD/EDD and onboarding decisioning workflows within Sumsub, escalating to engineering only where a change genuinely sits outside the platform
• Act as primary liaison with the FCA, including notifications, information requests and reports
• Own and evolve AML/CTF/compliance/risk policies and procedures, and deliver training across the group
• Partner with product and engineering to embed compliance‑by‑design into new features, monitoring tools and reporting pipelines
• Conduct new and existing banking partner audits
• Act as the point of contact for law enforcement and NCA requests

What you'll bring

• 3+ years as MLRO, Deputy MLRO within a regulated payments or e‑money environment
• CAMS, ICA Diploma or equivalent AML/financial crime qualification
• Deep knowledge of the Money Laundering Regulations 2017, JMLSG guidance, the FCA AML rulebook, and FATF standards
• Hands‑on Sumsub experience: building, automating and continuously improving workflows, rules and thresholds, configuring reporting, and interrogating transaction and customer data directly, rather than working within pre‑set configurations or relying on support for every task
• A track record of owning and improving a screening and monitoring platform over time, rather than leaving it static once configured
• Comfort with data and reporting tools (Excel to advanced level, Power BI)
• Strong report writing and board‑level communication skills

What we’re looking for in you

• Improvement mindset: you don't just review alerts, you spot where the rules, tooling or reporting can be improved, and implement it
• High ownership: the role carries real regulatory and reputational weight, and you hold yourself to the standard it demands
• Detail‑oriented: you can hold a complex, multi‑entity risk picture in your head and still spot the one alert that matters
• Pragmatic problem‑solver: solving issues and taking ownership of the enhancements of the systems we use

A significant advantage

• Prior approval as SMF with FCA, but not essential
• Experience with iGaming AML risk typologies, given Xace's core client base

What we offer

• Competitive salary + bonus
• Ownership of the AML and financial crime framework at a fast‑growing, multi‑licensed group
• Direct exposure to the Board and regulators
• Career path across group entities