Money Laundering Reporting Officer - London, United Kingdom - Konexo

Description

Job Purpose

As the Money Laundering Reporting Officer (MLRO) at a leading Wealth Management Firm, your primary responsibility will be to ensure the effective implementation and maintenance of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies, procedures, and controls.

You will play a crucial role in safeguarding the firm against financial crime risks while ensuring compliance with relevant regulations.

Key Responsibilities

1. Policy Development and Implementation

· Develop, review, and update AML/CTF policies and procedures in line with regulatory requirements.

· Implement and communicate AML/CTF policies across the organization.

2. Risk Assessment and Due Diligence

· Conduct regular risk assessments to identify potential money laundering and terrorist financing risks and assess the effectiveness of the controls that the firm has put against these risks.

· Provide guidance and support to senior management and the board regarding the firms risk-based approach to AML/CTF.

· Oversee the due diligence performed on clients and counterparties to ensure identification and mitigation of risk and compliance with regulatory standards.

3. Training and Awareness

· Provide AML/CTF training to employees at all levels, ensuring a high level of awareness and understanding.

· Foster a culture of compliance and integrity within the organization.

4. Monitoring and Reporting

· Establish and maintain systems for monitoring and detecting suspicious transactions or activities.

· Investigate and report suspicious activities to relevant authorities as required by law.

· Provide ongoing reporting on the conduct of AML/CTF by the firm to senior management and the Board.

5. Regulatory Compliance

· Stay updated on changes in AML/CTF laws and regulations and ensure that the firm's policies and procedures remain current.

· Liaise with regulatory bodies and external agencies on AML/CTF matters.

6. Internal Collaboration

· Collaborate with internal departments, such as legal, risk management, and operations, to ensure a unified approach to compliance.

· Provide guidance and support to employees on AML/CTF matters.

Qualifications and Experience

• Relevant degree in business management, finance, law, or a related field.
• Proven experience in a similar role within the financial services industry, with a focus on wealth management.
• In-depth knowledge of AML/CTF regulations and best practices.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Relevant professional certifications (e.g., CAMS, ICA) are highly desirable.

Personal Attributes

• Detail-oriented with a high level of accuracy.
• Strong ethical and moral judgment.
• Ability to work independently and collaboratively within a team.
• Excellent organisational and time management skills.

Role and Remuneration

Competitive salary and benefits package based on experience and qualifications.

Senior Manager Function Holder (SMF 17).

Team Hybrid Working Style. The expectation for this role will involve a minimum of three/four days each week.