Mlro Head of Financial Crime - London, United Kingdom - MERJE Ltd

MERJE Ltd
MERJE Ltd
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Head of Financial Crime Manager & MLRO required for a brokerage that specialised in Commodities, FX, Equities and Fixed Income.


Responsibilities of the MLRO include:

  • Report to the Board, Compliance Director, including an annual MLRO's report to the Board
  • Design, develop and implement a financial crime strategy across the business Manage and lead the financial crime onboarding team
  • Chair and run the Financial Crime Committee as well as delivering monthly management information report which summarises any issues, control weaknesses and plans for resolution
  • As the MLRO, ensure all financial crime obligations are met
  • Implement and design a periodic review process for high risk clients to be conducted annually
  • Oversee and implement a financial crime framework that includes fraud, ABC controls, tax evasion and CTF controls
  • Ensure appropriate policies and procedures and risk documents in relation to financial crime are established and implemented across the business
  • Liaise with audit and compliance monitoring as appropriate and ensure any control gaps are successfully resolved and mitigated
  • Deliver quarterly AML and financial crime MI to the Board and also annually through the annual MLRO report, and to the FCA as required
  • Oversee and manage the AML screening controls for sanctions, PEPs and adverse media
  • Investigate, review and approve all PEP related relationships including high risk PEPs, corporates owned or controlled by PEPs and State Owned Entities
  • Provide AML and financial crime compliance advice to the business and management
  • MLRO to manage the firms financial crime systems and controls to identify, assess, monitor and manage money laundering risk
  • Investigate SAR transactions flagged as suspicious and submit to NCA and ensure trend analysis is conducted and shared with the Board
  • MLRO is required to ensure all employees complete their regulatory training annually including financial crime


With over 100 years of history in London, the firm is a leader in the futures industry providing clearing and brokerage services into all major investment markets.

Headquartered in London, they are supported by a network of sister companies around the globe.

They clear over 180 million derivatives contracts a year on behalf of banks, institutional investors, corporates, trade clients, and high net worth individuals.

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