Compliance Officer MLRO
Compliance Officer MLRO
Posted on :
09-01-2025
Employer Active
1 Vacancy
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Job Description
About the Role:
This position mandates the individual to hold FCA approval for carrying out SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting Officer) functions. Its a parttime position that requires working 2 days/week.
SMF16 Compliance Oversight function:
- Assume responsibility for overseeing and managing the firms Compliance and Governance frameworks encompassing all aspects of a fully operational compliance function. This includes oversight of fund promotion and distribution regulatory facets and monitoring.
- Develop regular monitoring practices and procedures to evaluate the adequacy and efficacy of the firms control systems.
- Collaborate with operational departments to formulate riskbased policies and procedures tailored to minimize the risk of regulatory breaches.
- Engage in regulatory monitoring and management addressing emerging risks potential noncompliance areas and advising on suitable mitigative actions.
- Implement any necessary FCA rules and regulations pertinent to the UK business.
- Dispense regulatory counsel and guidance across the organization coupled with training sessions for staff on compliance matters.
- Effectively handle both real and potential conflicts of interest.
- Stay abreast of relevant regulatory changes ensuring adherence to SM16/17 obligations.
SMF17 Money Laundering Reporting Officer function:
- Evaluate and approve client onboarding processes.
- Report any potentially suspicious activities or transactions.
- Oversee the application of uptodate AML/CTF (AntiMoney Laundering/CounterTerrorism Financing) policies and procedures.
- Respond to requests for information from the FCA other regulators law enforcement agencies or clients regarding regulatory or law enforcement inquiries.
- Conduct an annual money laundering risk assessment in relation to the companys business.
- Ensure regular training for staff on antimoney laundering practices.
- Provide at least an annual report to the firms governing body on the firms antimoney laundering systems and controls.
Requirements
- Demonstrated exposure to Compliance and Risk functions within Financial Institutions.
- Proficiency as a capable leader possessing robust technical knowledge analytical acumen and strategic thinking.
- Familiarity with Alternative Investment Asset Classes and Fund operations.
- Experience overseeing distribution compliance and governance including assessing and ensuring the suitability of investors at various levels.
- Confidence in collaborating with and interacting among senior management members across the organization.
- Advanced stakeholder management prowess encompassing dealings with regulators and external entities.
- Profound familiarity with FCA regulations particularly SM16/17 requirements.
- Exceptional organizational skills effective communication and a meticulous eye for detail.
Employment Type
Full Time
Key Skills
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