Money Laundering Reporting Officer (MLRO)

Konnect Personnel Ltd; London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A financial institution in London seeks a Money Laundering Reporting Officer (MLRO) to enhance its financial crime risk management. The ideal candidate will have over 10 years of experience, strong knowledge of AML/CTF requirements, and the ability to oversee suspicious activity. This role offers a chance to make a significant impact in a dynamic banking environment.

Qualifications

• 10+ years of relevant Financial Crime experience, current MLRO preferred.
• Strong understanding of AML/CTF requirements.
• Experience with AML/KYC/Due Diligence processes.

Responsibilities

• Serve as the Subject Matter Expert for Financial Crime programs.
• Implement the second line financial crime control framework.
• Oversee suspicious activity investigations.

Skills

Understanding of JMLSG and Regulatory KYC requirements

Financial Crime experience (10+ years)

AML/CTF requirements knowledge

Risk escalation ability

Report analysis and recommendations

AML/KYC/Due Diligence experience

AML monitoring systems experience

Recognized AML/Compliance qualification

Knowledge of UK and EU regulations

Law degree / LPC

Team player

Education

Relevant AML/Compliance qualification

Law degree / LPC

Job description

Overview

Money Laundering Reporting Officer (MLRO). This is a great opportunity to join a growing Bank and make a significant impact in the field of financial crime risk management. If you are an experienced MLRO, looking for a new challenge, where you can make a significant impact in a dynamic and forward-thinking organization, we would love to hear from you.

Responsibilities

• Serve as the Subject Matter Expert for Financial Crime programs
• Develop and maintain financial crime policies and procedures
• Implement the second line financial crime control framework and conduct investigations
• Oversee suspicious activity investigations and produce professional reports
• Liaise with the Financial Conduct Authority (FCA) as MLRO
• Provide guidance and advice on financial crime matters to all departments
• Deliver financial crime awareness training
• Evaluate, monitor High-Risk customers and PEPs
• Develop and execute a comprehensive risk-based financial crime monitoring plan
• Update the Financial Crime Business Wide Risk Assessment and Customer Risk Assessment
• Review and submit SARs to the National Crime Agency
• Maintain accurate records and submit the annual FCA financial crime submission
• Stay updated on relevant rules and legislation, providing early warnings and action plans

Skills and Experience

• Good understanding of JMLSG and Regulatory KYC requirements
• At least 10 years of relevant work experience / Financial Crime experience (Current MLRO(SMF17) preferred)
• Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the banking industry
• Ability to escalate risks promptly and appropriately and/or failure of standards to be met, to management
• Ability to analyse reports, identify failings and notify same together with recommendations for remediation
• Relevant AML experience, preferably in an international bank
• Experience with AML/KYC/Due Diligence processes and systems
• Experience with AML monitoring and screening
• A recognized AML/Compliance qualification is desirable but not essential
• Other relevant professional qualifications from an internationally recognised body (e.g., ICA, ACAMS) are advantageous
• Knowledge of the UK and EU regulatory environment and key financial crime regimes, and emerging trends. Any specialism in EU, UK or US sanctions regimes is a plus
• Law degree / LPC preferred
• Team player adaptable to a fast-paced and changing environment