Compliance & MLRO Officer - SM16, SM17

30 Apr 2021
28 May 2021
Employer Sector
Accountancy Practice
Contract Type
Full Time
On behalf of our client, a UK bank based in the city, we are looking for a Compliance & MLRO Officer (SM16 & SM17) to join their team.

The main purpose of the role will be to lead all activities relating to AML/CTF and compliance within the Bank and supporting the Banks senior management.

Responsibilities include but are not limited to:

* Research and understand changes in regulation

* Develop policies internally relating to AML in the company and oversee the implementation of those policies

* Work to develop AML guidance materials, training resources, and controls

* Update internal handbook on AML policies

* Advise senior management of any likely implications of changes to internal policies

* Implement the annual AML plan and perform the relevant quality assurance checks to ensure adherence

* Conduct due diligence reviews

* Report results of reviews of AML risk assessments and monitor remedial proceedings

* Identify, investigate, and resolve all activities that are deemed noncompliant.

* Plan AML training sessions

* Provide advice on the implication of future business strategies

* Act as a subject matter expert for the business and point of reference to address related queries

* Compile reports for the board and Management.

* Address issues relating to transaction monitoring, filtering, and sanctions

* Handle the preparation work and management of inspections by the regulator

* Develop and update internal procedures

* Oversight of all compliance issues

Candidate will need to have a strong background in Financial Services, an in-depth knowledge and understanding of;

* patterns and methods of Money Laundering.

* AML/CTF regulations.

* be confident and concise in communication with a proven organisational ability.

* and be solution oriented possessing the capability to present at management meetings.

* Legal experience in loan documentation will be a distinct advantage