MLRO - eFinancialCareers : Job Details

Money Laundering Reporting Officer (MLRO)

Venn Group are working with a London-based Financial Services institution to recruit for an MLRO, who will be responsible for the design and oversight of our client’s AML, Payments, and Transaction Monitoring Frameworks, ensuring adherence to UK and international regulatory requirements. You’ll work closely with various teams to safeguard our operations and guide business decisions within the realm of global payments and currency exchange.

This is a strategic role where you will both execute and continuously evolve the Financial Crime and Compliance Frameworks, educating and empowering the firm to navigate regulatory landscapes with confidence. The role-holder will engage with the business at an executive level to embed robust policies and procedures that uphold best practice and both adhere to and surpass industry standards.

It is essential that applicants have prior experience holding either a Deputy MLRO or MLRO position, showcasing excellent familiarity with JMLSG regulatory guidelines, and an appreciation of both UK and EU legislative parameters will be fundamental to the success of the incumbent in this role.

Key Responsibilities

• AML/CTF Frameworks: Lead and manage the AML, CTF, and sanctions programmes to ensure ongoing compliance with the latest regulatory requirements.
• Regulatory Guidance: Advise on regulatory changes in the payments and currency exchange sectors, providing insight and support to help the business remain compliant while achieving growth objectives.
• Transaction Monitoring: Oversee transaction monitoring systems and escalations, performing investigations as needed and filing Suspicious Activity Reports (SARs) to relevant authorities.
• Training & Advisory: Collaborate with business units to deliver targeted AML training and compliance guidance, keeping teams up-to-date on best practices and regulatory changes. The incumbent will act as an enforcer of Compliance Advisory best practices.
• Audit: Certifications held in the Audit domain, such as Advanced CAMS, would be greatly beneficial in this position.

What We’re Looking For

This role is ideal for an individual with deep compliance experience and a proven understanding of the FX and payments industry. To succeed, you should have:

• Previous AML Control Function Experience: You have successfully operated as an MLRO or have served as a Deputy MLRO in a regulated environment and are now ready for a leadership role.
• Strong Knowledge of Payment Regulations: A robust understanding of UK payments regulations, coupled with expertise in currency exchange and FX services.
• Strategic & Practical Mindset: You can anticipate regulatory challenges, streamline processes, and create a proactive compliance culture within the firm.

To explore this opportunity further, please submit your application and a member of Venn Group’s Financial Services team will reach out.