mlro (smf17) - Greater London, United Kingdom - Compliance Professionals

    Compliance Professionals
    Compliance Professionals Greater London, United Kingdom

    4 days ago

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    Description

    MLRO – Exclusive London £Market Rate

    Want to make an application Make sure your CV is up to date, then read the following job specs carefully before applying.

    The Client

    We have been retained by a boutique investment bank to identify a MLRO for their London based operation. The bank has a strong reputation in the emerging markets space, offering their clients a range of banking services.

    The Responsibilities

    • Responsible for the effective and efficient design and execution of the firms AFC framework
    • Ensuring compliance with all applicable Anti-Money Laundering & Terrorist Financing (AML/CTF), Know Your Client (KYC), Anti-Bribery and Corruption (ABC), Sanctions laws and regulations.
    • Designated Money Laundering Reporting Officer (MLRO, Nominated Officer for the firm, SMF 17 registered holder, point of contact for the FCA, NCA and other applicable authorities.
    • Act as the Deputy Head of Compliance to support the CCO in all areas of the business.
    • Ensure effective onboarding / ongoing due diligence processes and supporting systems.
    • Provide timely and transparent reporting to management and board committees.
    • Ensure AML / CTF / Sanctions / ABC / Fraud regulations, guidance and industry best practice standards are implemented.
    • Receive and assess internal suspicion reports, and make external reports as required.
    • Establish and maintain arrangements for awareness and training of staff.
    • Establish and execute an AFC business wide risk assessment, AFC compliance monitoring.
    • programme, support quality assurance with 3rd line of defence.
    • Produce an annual MLRO report to the Board of Directors and manage AFC regulatory reports.
    • Provide second line oversight and challenge to all first line AFC matters and reinforce the three lines of defence within the firm.

    Candidate Profile

    • Prior experience as a registered SMF17 post holder as MLRO
    • Experience within the merchant/ wholesale/ investment banking environment.
    • Strong and proven AML Knowledge.
    • Education to degree level.
    • Candidates must be willing to work 5 days in an office setting

    For more information, please reach out to Jordan White