Money Laundering Reporting Officer

Standard Bank of South Africa Limited; Douglas; On-site; GBP 85,000 - 100,000; Full time

Job summary

Standard Bank Isle of Man is seeking a Money Laundering Reporting Officer to oversee AML/CFT compliance and the SAR process. The role requires 5–7 years in Regulatory Services and deep expertise to influence across multiple countries and business areas.

You will manage investigations, regulatory inspections, and the AML/CFT risk assessment, while guiding the organisation on best practices and regulatory expectations. This is a full-time, on-site position with competitive compensation.

Qualifications

• 5–7 years experience in Regulatory Services.
• Expert in Compliance with deep knowledge of the field.
• Ability to influence employees across multiple countries to implement compliance frameworks.

Responsibilities

• Maintain and enhance the AML/CFT/CPF framework in line with Isle of Man legislation and best practice.
• Manage the end-to-end SAR process and act as custodian of the AML/CFT Business Risk Assessment.
• Lead regulatory liaison with regulators, law enforcement, auditors, and industry bodies.
• Lead the MLRO function and oversee AML/CFT training and awareness programmes.
• Undertake strategic planning and reporting on financial crime risk and controls.

Skills

Regulatory compliance

AML/CFT

Cross-country influence

Job description

Business Segment: Group Functions

Job Type: Full-time

Compensation: GBP 85,000 - 100,000 - yearly

To fulfil the role of the Money Laundering Reporting Officer for the Standard Bank Isle of Man supervised persons, and to receive and consider internal SARs in accordance with internal reporting proceduresin accordance with internal reporting procedures in accordance with Part 7 of the IOM AML/CFT Code 2019.

Qualifications

Experience Required :

• 5 - 7 years experience in Regulatory Services
• The role requires an expert in Compliance with profound knowledge of the full dimensions of the field, but deep expertise in the relevant area of specialisation. Regulatory environment savvy, with the proven ability to influence all levels of employees across multiple countries and business areas to effectively implement compliance frameworks.

Key Outputs

• Maintain and enhance the AML/CFT/CPF framework, ensuring compliance with Isle of Man legislation, regulatory requirements, and industry best practice. Provide reporting, oversight, and strategic guidance to Boards, Committees, and senior management.
• Manage the end-to-end SAR process, fulfil statutory disclosure obligations, and act as custodian of the AML/CFT Business Risk Assessment, identifying and mitigating emerging financial crime risks.
• Act as the primary liaison with regulators, law enforcement agencies, external auditors, and industry bodies, responding to enquiries and representing the organisation in relevant forums and working groups.
• Lead complex investigations, support regulatory inspections, advise business stakeholders on AML/CFT matters, and oversee the effectiveness of financial crime systems, controls, monitoring, and reporting.
• Lead the MLRO function, oversee AML/CFT training and awareness programmes, develop team capability, and promote a strong culture of compliance across the organisation while fulfilling all regulatory responsibilities of the MLRO role.
• Developing Strategies
• Directing People
• Empowering Individuals
• Exploring Possibilities
• Interpreting Data
• Making Decisions
• Providing Insights
• Resolving Conflict
• Upholding Standards
• Business Acumen (Audit)
• Economic Capital Management
• Financial Industry Regulatory Framework
• Legal Compliance
• Strategic Planning and Reporting

Additional Information

Salary range

GBP 85,000 to GBP 100,000

Our Commitment to Diversity, Equity and Inclusion

Standard Bank Group is committed to fair and inclusive employment practices. We aim to build a workforce that reflects the diversity of the communities we serve and welcome applications from candidates of all backgrounds, including people with disabilities. We strive to create an environment where everyone has an equal opportunity to contribute and grow.