Money Laundering Reporting Officer - SMF 17 - Broadgate Search Ltd : Job Details

Money Laundering Reporting Officer - SMF 17

Broadgate Search Ltd

Job Location : London, UK

Posted on : 07/01/2025 - Valid Till : 04/02/2025

Job Description :
Money Laundering Reporting Officer (MLRO) - SMF 17Location: London, UK - Hybrid workingRole ResponsibilitiesAs the MLRO, you will:
  • Oversee and implement policies, procedures, and controls to prevent and detect money laundering and financial crime within the Bank.
  • Ensure regulatory and statutory compliance, advising senior management and staff on AML/FC rules.
  • Develop and maintain the AML/CTF framework, including conducting annual risk assessments and mapping mitigating controls.
  • Oversee transaction monitoring and ensure unusual transactions are identified, analysed, and reported appropriately.
  • Act as the Bank's primary contact with the NCA and other relevant agencies on AML matters.
  • Prepare and present the MLRO annual report and manage all SARs submitted to the NCA.
  • Ensure effective AML training for staff and monitor adherence to sanctions and screening tools.
  • Fulfil statutory obligations under SMF 17 (Money Laundering Reporting Function).
  • Participate as an active member of the Executive Risk Committee.
    • Requirements:
    • Education: Bachelor’s Degree or equivalent preferred.
    • Professional Qualifications:
      • ICA Diploma in Governance, Risk & Compliance, Anti Money Laundering, or Financial Crime Prevention (or equivalent).
    • Experience:
      • Minimum 10 years of experience in compliance, with either prior experience holding SMF16 or a solid regulatory compliance background orCandidates should have expertise in anti-money laundering and financial crime prevention, with a demonstrated readiness to step into an approved person role.
      • Retail banking background
      • Experience in financial services and familiarity with UK regulatory requirements.
    • Skills & Knowledge:
      • Strong understanding of UK regulatory and statutory AML/CTF requirements.
      • Detailed knowledge of financial services compliance.
      • Ability to monitor regulatory changes and advise teams accordingly.
      • Strong ethical standards aligned with the FCA’s Senior Managers Regime.

    Salary : 110000 - 125000

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