Money Laundering Reporting Officer - London, United Kingdom - Douglas Scott Legal Recruitment

Douglas Scott Legal Recruitment

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Money Laundering Reporting Officer

PartTime

Homebased

(£40,000 - £55,000 pro rata)

A well established firm based in Woking & London require an experienced Money Laundering Reporting Officer to join their forward thinking firm.

This role is fully homebased.

This reputable firm has been well established in the area for over 15 years, has a fantastic reputation and having worked with this client previously it's clear the care they have for their clients and each other has helped them create a solid team which has enabled them to grow successfully and continue to expand their firm.

Duties of a Money Laundering Reporting Officer:
Serve as the primary point of contact for all AML matters within the firm

Develop, implement and maintain AML policies, procedures and controls

Conduct regular AML risk assessments and advise senior management on AML risks and trends

Ensure all employees are aware of their AML obligations and provide training as necessary

Monitor transactions and client accounts for suspicious activity

Make suspicious activity reports (SARs) to the relevant authorities when appropriate

Act as a liaison with the authorities and other financial institutions

Keep up-to-date with changes to AML regulations and advise the firm on any changes that affect our AML obligations

Maintain accurate records of AML activities and provide reports to senior management and external authorities as required

Maintain AML policies, procedures and controls

Ensure that all employees are aware of their AML obligations and provide training as necessary

Conduct AML risk assessments and advise senior management on AML risks and trends

Monitor client accounts and transactions for suspicious activity

Report any suspicious activity to the MLRO

Develop and maintain AML policies, procedures and controls

Keep up-to-date with changes

Must have experience in a Law Firm

At least 5 years of experience in an MLRO role, preferably within the legal industry

At least 3 years of experience in an MLCO role, preferably within the legal industry

Strong knowledge of the UK's AML regulations and the legal industry's AML obligations

Excellent communication skills and the ability to work with a variety of stakeholders

Good analytical and problem-solving skills

Strong attention to detail and accuracy

The ability to work independently and as part of a team

A relevant professional qualification is desirable