Money Laundering Reporting Officer - SMF 17

Broadgate; London; Hybrid; GBP 110,000 - 125,000; Full time

Job summary

A forward-thinking company is seeking a Money Laundering Reporting Officer (MLRO) to lead the bank's compliance efforts in preventing financial crime. This pivotal role involves overseeing policies, ensuring adherence to AML regulations, and acting as the primary liaison with regulatory bodies. The ideal candidate will possess extensive experience in compliance, particularly in anti-money laundering and financial crime prevention, and will be instrumental in shaping the bank's AML framework. Join a dynamic team that values ethical standards and compliance excellence, and make a significant impact in the financial services sector.

Qualifications

• 10+ years in compliance with expertise in AML and financial crime prevention.
• Strong understanding of UK regulatory requirements and ethical standards.

Responsibilities

• Oversee policies to prevent money laundering and ensure compliance.
• Act as primary contact for AML matters and manage SARs submissions.
• Conduct risk assessments and ensure effective AML training for staff.

Skills

Anti-Money Laundering Expertise

Financial Crime Prevention

Regulatory Compliance

Risk Assessment

Transaction Monitoring

AML Training

Strong Ethical Standards

Education

Bachelor’s Degree

ICA Diploma in Governance, Risk & Compliance

Job description

Money Laundering Reporting Officer - SMF 17 (BH-112273)

Location: London, England
Sector: Banking
Salary: £110,000.00 to £125,000.00 per annum

Money Laundering Reporting Officer (MLRO) - SMF 17
Location: London, UK - Hybrid working

Role Responsibilities:
As the MLRO, you will:

1. Oversee and implement policies, procedures, and controls to prevent and detect money laundering and financial crime within the Bank.
2. Ensure regulatory and statutory compliance, advising senior management and staff on AML/FC rules.
3. Develop and maintain the AML/CTF framework, including conducting annual risk assessments and mapping mitigating controls.
4. Oversee transaction monitoring and ensure unusual transactions are identified, analysed, and reported appropriately.
5. Act as the Bank's primary contact with the NCA and other relevant agencies on AML matters.
6. Prepare and present the MLRO annual report and manage all SARs submitted to the NCA.
7. Ensure effective AML training for staff and monitor adherence to sanctions and screening tools.
8. Fulfil statutory obligations under SMF 17 (Money Laundering Reporting Function).
9. Participate as an active member of the Executive Risk Committee.

Requirements:

• Education: Bachelor’s Degree or equivalent preferred.
• Professional Qualifications:
  • ICA Diploma in Governance, Risk & Compliance, Anti Money Laundering, or Financial Crime Prevention (or equivalent).
• Experience:
  • Minimum 10 years of experience in compliance, with either prior experience holding SMF16 or a solid regulatory compliance background.
  • Candidates should have expertise in anti-money laundering and financial crime prevention, with a demonstrated readiness to step into an approved person role.
  • Retail banking background.
  • Experience in financial services and familiarity with UK regulatory requirements.
• Skills & Knowledge:
  • Strong understanding of UK regulatory and statutory AML/CTF requirements.
  • Detailed knowledge of financial services compliance.
  • Ability to monitor regulatory changes and advise teams accordingly.
  • Strong ethical standards aligned with the FCA’s Senior Managers Regime.