MLRO

Job Description

An experienced MLRO is required for a leading payments firm based in London. The MLRO will lead on activities to make sure regulatory controls are in place for the growing firm.The role includes collaborating with key stakeholders and working across a number of regulatory requirements such as PSR, AML, ABC and Risk management. The MLRO will report to the Head of Legal and Compliance.Responsibilities MLRO role include:

• Managing regulatory relationships and interaction being the main point of contact for reporting to the FCA
• Advising the business on all financial crime compliance-related matters, such as the regulatory implications of new and existing products, new market expansion, resolution of compliance-related incidents and gaps, enhancements to the firms compliance frameworkand the review/approval of business activities as appropriate
• Keeping abreast with developments in the regulatory and technology environments to ensure best-in-class financial crime and risk management
• Oversight of transaction monitoring on client activity
• Ensuring systems alert to any Risks, reviewing Tech requirements to manage Governance for the firm
• Leading any remediation actions taken where required
• Preparing reports and dashboards for business requirements
• Supporting the development and integration of the Risk Management FrameworkEnterprise, Operational, 2LOD monitoring and testing activities
• Managing the annual risk assessment for the firm reviewing all products and services
• Writing and updating policies and managing any investigations
• Oversight of PEPs and Sanctions checking and reviewing this system regularly to ensure it supports full regulatory control
• Financial crime programme enhancement; work with operations and product teams in the development and implementation of compliance and risk management tools (efficiency/automation initiatives, etc)
• Keeping up to date with regulatory changes, including EU Directives and regulations, and implement relevant changes to the compliance manuals, policies and procedures for EMEA
• Monitoring compliance with relevant law and regulation, including 4/5AMLD, PSDII GDPR, consumer protection and privacy laws
• Providing reports to senior management and the Board
• Managing government relations efforts with relevant regulatory agencies, law enforcement and trade associations
• Handling license related processes and reporting to regulators and other external third parties, such as auditors and banks
• Act as the central point of escalation and contact for all AML/financial crime matters including onboarding new and monitoring existing clients, partners, vendors including due diligence and suspicious activity reporting and detecting and deterring financialcrime
• Lead training and maintaining a culture of compliance and risk management

The ideal candidate will have:

• At least 5 years Financial Crime / Compliance experience
• Money remittance / Payments industry experience
• Previous experience as a Compliance Officer, MLRO or Deputy MLRO having gained sufficient Compliance, AML and KYC experience within payments companies
• The ability to work in a fast paced Tech environment - FinTech
• Practical knowledge and deep expertise in AML, Payment Services Directive and other applicable UK and European regulation
• Good understanding of digital based payments / money transfer operations
• Strong knowledge of FCA regulations
• Excellent analytical, oral and written communication skills

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.If you would like this job advertisement in an alternative format, please contact MERJE directly.