Our client is seeking an experienced Head of Compliance and Money Laundering Reporting Officer, to be based at their head office in Stratford, London. 

The Head of Compliance and Money Laundering Reporting Officer role is integral to key stakeholders, governing body licensing and the general operation, providing regulatory reporting and advice, managing relationships with regulators, and identifying areas for regulatory improvement for the Casino.

Role Responsibilities: 

• Ensuring compliance with anti-money laundering (AML) and counter-terrorism/proliferation financing (CTF/P) and Proceeds of Crime (PoC) regulations. 
• Ensuring appropriate Customer Due Diligence (CDD), Standard Due Diligence (SDD) and Enhanced Due Diligence (EDD) for all members. 
• Maintaining records for Politically Exposed Persons (PEPs) and Special Interest Persons (SIPs). 
• Monitoring high-risk members and reporting to senior management. 
• Reviewing and updating AML processes and the risk management framework. 
• Handling Suspicious Transaction Reports (STRs) and Suspicious Activity (SAR) reporting to the National Crime Agency (NCA) as necessary. 
• Collaborating with external agencies such as the Police, HMRC, NCA, and the Gambling Commission (GC). 
• Continually improving compliance policies, procedures, and processes. 
• Working with the Compliance Operations Team to regularly review AML systems and processes. 
• Managing the regulatory compliance and risk policy, procedures, and guidance. 
• Developing and implementing the annual assurance plan and remedial action plans. 
• Overseeing the Safer Gambling strategy and managing compliance-related projects. 
• Completion of AML/CTF/P Risk Assessment. 

Key Accountabilities:

1. Regulatory Compliance, Assurance, and Safer Gambling Responsibilities - Ensures that appropriate compliance and assurance processes are in place to comply with all regulatory compliance and licensing policy requirements to protect company licences and brand reputation.
2. Anti-Money Laundering - Ensure that end users enjoy a positive compliance experience through meeting service standards.
3. Teamwork - Fosters a professional and ethical working culture applied appropriately across a diverse workforce and customer base.

 Selection Criteria includes: 

• Minimum 3 years, experience in a Regulatory Compliance or AML management role, ideally within the gambling industry. 
• Has extensive operational and regulatory analysis, and report writing experience. 
• Able to demonstrate a proven track record in developing regulatory related policies and operating procedures. 
• Holds a UK PML or can obtain said industry license. 
• Shows understanding and application of Anti-Money Laundering regulations to business processes. 
• Has a strong knowledge of regulatory frameworks and risk mitigation strategies. 
• Demonstrates they have experienced people management skills. 

Should you have any questions or wish to apply please do not hesitate to contact Clear IT Recruitment Limited.

Please Note:  Due to the number of applications we receive we may be unable to respond to every application directly. If you have not heard from us within 3 working days please assume your application has been unsuccessful.