Money Laundering Risk Officer UK

We are searching for higly motivated independent Money Laundering Risk Officer (MLRO) to play a key role in ensuring that the EMI complies with UK antimoney laundering (AML) regulations and to effectively manage the associated risks. The MLRO will be responsible for developing risk assessment methodologies monitoring compliance with AML/CTF laws and ensuring that the institutions policies and procedures are both effective and uptodate. Working closely with compliance legal and operational teams the MLRO shall mitigate risks of financial crime and ensures compliance with FCA standards and other UK regulations.

Key Responsibilities

1. Risk Assessment and Management

Develop and implement AML/CTF risk assessment frameworks to identify and assess money laundering risks across various customer profiles products and delivery channels.

Conduct periodic AML risk assessments to ensure that controls are adequate effective and proportionate to identified risks.

Monitor and review highrisk customer segments transactions and geographies implementing tailored mitigation strategies as needed.

2. Transaction Monitoring and Suspicious Activity Reporting

Oversee the automated and manual monitoring of transactions ensuring effective controls are in place to detect and flag unusual or suspicious activities.

Review flagged transactions and analyze patterns to assess potential money laundering risks coordinating with Head of Compliance for escalation when necessary.

Prepare and file Suspicious Activity Reports (SARs) with the National Crime Agency (NCA) where warranted ensuring accuracy and timeliness in line with regulatory requirements.

3. Policy and Procedure Development

Develop and maintain AML/CTF policies and procedures in line with FCA guidelines the Money Laundering Regulations and best practices for financial crime prevention.

Ensure policies are consistently applied across the institution making updates as necessary to reflect regulatory changes or shifts in the institutions risk profile.

Collaborate with senior management to integrate AML/CTF controls into broader risk management policies.

4. Training and Awareness

Develop and deliver AML training programs for employees ensuring that staff are equipped to identify and manage money laundering risks effectively.

Regularly update staff on AML trends regulatory changes and internal policy modifications.

Provide oneonone coaching for highrisk teams such as sales and customer service to strengthen their understanding of AML/CTF requirements.

5. Internal Reporting and Escalation

Report to senior management and the Board on AML/CTF risks emerging threats and compliance status providing detailed metrics and recommendations.

Serve as a key escalation point for highrisk AML issues coordinating with the Compliance team Legal department and external regulators where necessary.

Lead internal investigations on suspicious activity documenting findings and supporting followup actions to close any compliance gaps.

6. Regulatory Compliance and Liaison

Ensure compliance with UK and EU AML/CTF regulations including FCA guidelines and HM Treasury mandates.

Act as a liaison with regulatory bodies during audits exams or requests for information representing the institutions AML/CTF program.

Stay uptodate with evolving regulatory landscapes and industry trends proactively adjusting risk assessment methodologies and controls.

7. Regulatory Reporing

Prepare periodic regulatory reports and ensuring their timely submission

Qualifications and Skills

Education: Bachelors degree in finance law business or a related field. Advanced certifications such as ICA Diploma in AML CAMS or equivalent are preferred.

Experience: 5 years of experience in AML/CTF risk management within the financial services sector preferably within an EMI fintech or digital bank.

Knowledge: Indepth understanding of UK AML regulations including the Money Laundering Regulations FCA requirements and the Proceeds of Crime Act.

Technical Skills: Proficiency in AML/CTF monitoring systems and data analysis tools. Advanced skills in Microsoft Excel Word and PowerPoint for creating detailed reports documentation and presentations for management and regulatory bodies. Experience with regulatory reporting tools (e.g. GoAML FINTRAC or FCAs RegData portal) to submit Suspicious Activity Reports (SARs) and meet regulatory requirements accurately and on time. Basic understanding of cybersecurity tools and principles to ensure AML data is securely handled aligned with data privacy and protection regulations. Indepth knowledge and experience with VISA/MasterCard card processing including awareness of associated money laundering (ML) and terrorist financing (TF) risks and patterns.

Analytical Skills: Strong investigative and analytical skills with attention to detail in highpressure environments. The ability to analyze complex transactions and data to detect potential signs of money laundering or terrorist financing.

Communication Skills: Excellent verbal and written communication abilities to effectively convey complex information to stakeholders and regulators.

Integrity and Professionalism: High ethical standards and commitment to regulatory compliance.

Why Join Us

As a Money Laundering Risk Officer you will play a pivotal role in shaping and enhancing our compliance practices. This position offers a valuable opportunity to apply and grow your expertise in AML risk management within a collaborative forwardthinking environment. We are committed to supporting your professional development and providing a rewarding workplace where integrity and compliance are highly valued.

Benefits

Competetive salary based on knowledge and experience

Annual leave (24 days as per group policy)

Flexible working options such as remote working and hybrid schedules

Support for continuing education certifications and professional training programs relevant to the industry (upon completion of 1 year with the company)

Performancerelated annual bonuses based on individual performance and KPIs completed