Compliance & MLRO Officer - SM16, SM17

Recruiter
Confidential
Location
London
Salary
Competitive
Posted
30 Apr 2021
Closes
28 May 2021
Employer Sector
Accountancy Practice
Contract Type
Permanent
Hours
Full Time
Travel
None
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