Money Laundering Reporting Officer (MLRO)

Money Laundering Reporting Officer (MLRO)

This is a great opportunity to join a growing Bank and make a significant impact in the field of financial crime risk management. If you are an experienced MLRO, looking for a new challenge, where you can make a significant impact in a dynamic and forward-thinking organization, we would love to hear from you.

 

Responsibilities:

• Serve as the Subject Matter Expert for Financial Crime programs


• Develop and maintain financial crime policies and procedures


• Implement the second line financial crime control framework and conduct investigations


• Oversee suspicious activity investigations and produce professional reports


• Liaise with the Financial Conduct Authority (FCA) as MLRO


• Provide guidance and advice on financial crime matters to all departments


• Deliver financial crime awareness training


• Evaluate, monitor High-Risk customers and PEPs


• Develop and execute a comprehensive risk-based financial crime monitoring plan


• Update the Financial Crime Business Wide Risk Assessment and Customer Risk Assessment


• Review and submit SARs to the National Crime Agency


• Maintain accurate records and submit the annual FCA financial crime submission


• Stay updated on relevant rules and legislation, providing early warnings and action plans

  SKILLS AND EXPERIENCE:

• Good understanding of JMLSG and Regulatory KYC requirements


• At least 7 years of relevant work experience / Financial Crime experience (Current MLRO(SMF17) preferred)


• Strong understanding of AML/CTF requirements and financial crime risks associated with the range of services in the banking industry.


• Ability to escalate risks promptly and appropriately and/or failure of standards to be met, to management


• Ability to analyse reports, identify failings and notify same together with recommendations for remediation


• Relevant AML experience, preferably in an international bank.


• Experience with AML/KYC/Due Diligence processes and systems


• Experience with AML monitoring and screening


• A recognized AML/Compliance qualification is desirable but not essential


• Other relevant professional qualifications from an internationally recognised body (e.g., ICA, ACAMS) are advantageous;


• Knowledge of the UK and EU regulatory environment and key financial crime regimes, and emerging trends. Any specialism in EU, UK or US sanctions regimes is a plus.


• Law degree / LPC preferred


• Team player adaptable to a fast-paced and changing environment


• Korean language is advantageous.