Mlro - London, United Kingdom - Bridge of Hope
Description
We are seeking a highly skilled and experienced Money Laundering Reporting Officer (MLRO) to join our reputable bank in London.
The MLRO will play a pivotal role in ensuring compliance with anti-money laundering (AML) regulations and fostering a culture of integrity within the organisation.
,- Serve as the primary point of contact for all AMLrelated matters within the bank.
- Develop, implement, and maintain effective AML policies, procedures, and controls in accordance with regulatory requirements and best practices.
- Conduct ongoing monitoring and assessment of the bank's AML framework to identify and mitigate potential risks.
- Stay abreast of changes in AML legislation and regulations, and ensure that the bank's policies and procedures remain uptodate and compliant.
- Provide training and guidance to employees on AMLrelated issues, including suspicious activity identification and reporting.
- Oversee the investigation and reporting of suspicious transactions, ensuring timely submission of suspicious activity reports (SARs) to the relevant authorities.
- Collaborate with internal stakeholders, such as compliance, risk management, and legal teams, to address AMLrelated concerns and facilitate effective risk management.
- Serve as a liaison with regulatory agencies and law enforcement authorities on AMLrelated matters, including responding to inquiries and participating in audits and examinations.
- Conduct periodic reviews and assessments of the bank's customer due diligence (CDD) and enhanced due diligence (EDD) processes to ensure effectiveness and compliance.
- Maintain accurate and comprehensive records of AML activities, including documentation of decisions and actions taken.
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