Mlro - London, United Kingdom - Venn Group

Venn Group

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

MLRO

Location:
London, United Kingdom

Position Type:
Permanent, Full-Time

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.

Responsibilities:

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.

Qualifications:

Extensive experience in AML compliance within the banking industry, with a strong understanding of relevant regulations and industry best practices.
Professional certification in AML compliance (e.g., CAMS, ACAMS) is highly desirable.
Excellent communication and interpersonal skills, with the ability to effectively collaborate and communicate with stakeholders at all levels.
Strong analytical and problemsolving abilities, with a keen attention to detail.
Proven leadership skills, with the ability to effectively manage and motivate a team.
Sound judgment and decisionmaking skills, particularly in highpressure situations.
Ability to adapt to changing regulatory requirements and organizational priorities.
Proficiency in relevant software and tools used for AML compliance and reporting.