Money Laundering Reporting Officer (MLRO)

Job Description

Job Title: Money Laundering Reporting Officer (MLRO)
Location: London, UK
Employment Type: Permanent, Full-time
Schedule: Monday to Friday, 09:00 to 18:00
Start Date: Immediate
Salary: £80,000 – £110,000 per annum (commensurate with experience)
Company Overview: We are a leading car finance company dedicated to providing innovative and customer-centric financial solutions. We are seeking a highly skilled Money Laundering Reporting Officer (MLRO) to join our compliance team. This critical role will ensure that our firm adheres to all anti-money laundering (AML) regulations and maintains the highest standards of compliance.
Job Summary: The MLRO will act as the focal point for all AML activities within the company, ensuring compliance with Financial Conduct Authority (FCA) regulations and other relevant legislation. The role involves oversight of AML systems and controls, managing suspicious activity reports, and ensuring the firm meets its regulatory obligations.
Key Responsibilities:
• Regulatory Compliance:
o Act as the primary point of contact for all AML-related matters within the company.
o Ensure compliance with FCA rules regarding systems and controls for financial crime.
o Oversee adherence to relevant UK and European AML legislation and regulations.
o Serve as the Nominated Officer for suspicious activity reports (SARs).
• Reporting and Liaison:
o Liaise with the National Crime Agency (NCA) on suspicious transactions and other relevant matters.
o Produce and present required reports and statements to satisfy internal and external regulatory requests.
o Provide regulatory advice and guidance to the company on financial crime compliance.
• Training and Awareness:
o Develop and deliver training programs on AML policies, procedures, and regulatory requirements.
o Promote a culture of compliance within the company, aligning with the company’s vision, values, and risk appetite.
• Strategic Planning:
o Assist in developing and executing business plans to enhance the financial crime risk mitigation regime.
o Manage key projects and programs to address identified compliance gaps.
o Ensure the production and compliance of an annual plan consistent with the group’s compliance requirements.
• Stakeholder Management:
o Build and maintain strong relationships with internal and external stakeholders.
o Manage regulatory affairs with relevant authorities on behalf of senior management and the board of directors.
Candidate Requirements:
• Experience:
o Minimum of 3 years as an MLRO or 8 years as a Deputy MLRO or in a compliance/financial crimes role.
o Extensive knowledge of anti-financial crime legislation and sanctioning regimes applicable in the UK and Europe.
o Understanding of the structure, policies, procedures, and regulations for car finance companies.
• Skills and Knowledge:
o Thorough understanding of sanctions requirements from entities such as the UN, EU, and OFAC.
o Familiarity with typologies of financial crimes relevant to the car finance industry.
o Strong analytical and problem-solving skills.
o Excellent communication and interpersonal skills.
• Qualifications:
o Relevant certifications in compliance or financial crime (preferred).
o Driving Licence (preferred).
What We Offer:
• Opportunities for professional development in a growing company.
• Competitive compensation commensurate with professional experience.
• Face-to-face position in our London office.
• Availability to travel as required.
Application Process: To apply for this position, please submit your resume and a cover letter detailing your qualifications and experience relevant to the role of MLRO