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Assistant Compliance and Deputy Money Laundering Reporting Officer
Job Posted: a day ago
Salary: £ Competitive
Job Type: Permanent
Location: City and County of the City of London
Expire in: a month
Job Description
Our client a Leading International Banking Group is looking for an Assistant Compliance and Deputy Money Laundering Reporting Officer (DMLRO) to join their team on a permanent basis.
Responsibilities include (but are not limited to):
• Lead the design, development and ongoing review of the Bank’s Fraud and Financial Crime (F&FC) Risk Management Policies and associated standards covering: Money Laundering and Countering Terrorist Financing, Sanctions, Tax Evasion, Market Abuse, Bribery & Corruption and Fraud.
• Review and update internal regulations before final sign off by Head of Compliance.
• Provide draft of ongoing reports and management information to the Head of Compliance and MLRO.
• Take part of Management Committee and provide draft of relevant minutes.
• Support delivery of the annual MLRO report.
• Support delivery of the F&FC risk assessment including an assessment of control effectiveness as well as the BWRA.
• Undertake investigations regarding potential cases of suspected fraud and financial crime as and when required.
• As subject matter expert, work closely with the first line of defence, to review escalations (e.g. Sanctions / PEPs and Adverse media) to the MLRO and where necessary make recommendations to approve/decline in line with the Bank’s AML Policy and Risk Appetite.
• Suspicious activity report investigation, discounting and submission of suspicious activity reports to the relevant.
• Reporting Authority on behalf of the MLRO/Nominated Officer.
• Provide oversight and challenge to the business unit/team Risk and Control Self Assessment’s to ensure fraud and financial crime risks and controls are appropriately identified and evaluated.
• Design and delivery of training content and provision.
• Monitor and report on staff compliance with training requirements
• Annually update the Senior Managers & Certification Regime, before final sign off of Head of Compliance and MLRO.
• Support the Head of Compliance and MLRO in drafting internal legal opinion on regulatory and compliance matters.
• Quality assurance sampling of activity and control testing conducted at first line controls.
• Deliver thematic reviews policies and controls to provide second line control opinion on the Bank’s compliance with its policies and applicable legal and regulatory obligations.
• Monitor, assess and report on emerging legislative and regulatory developments relating to relevant compliance and AML matters.
• Work collaboratively with other Risk Management and Internal audit team members to provide data, insight and analytical expertise on risk management and compliance to internal and external stakeholders.
• Updating, from time to time, the Compliance and MLRO register and dashboard.
Skills and knowledge:
• UK banking experience in a similar role.
• Experience of partaking in Management Committees and taking minutes.
• Reporting Authority experience on behalf of MLRO/Nominated Officer.
• Design and delivery of training content and provision.
For more information, please send CV to Sonia Smith quoting job reference 16890SSBefore You Apply
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