Deputy MLRO (Money Laundering Reporting Officer)

Overview

We are seeking a Deputy Money Laundering Reporting Officer (MLRO) to join our client's Risk & Compliance department. This role will involve supporting the MLRO in establishing and operating an effective financial crime framework, ensuring compliance with regulations, and mitigating compliance risks. This is a hybrid role based in Bath and comes with an attractive pay rate of up to £750 per day (inside IR35) for a 6 month duration.

Responsibilities

• Develop and maintain a comprehensive understanding of relevant laws, regulations, and internal policies related to financial crime.
• Oversee compliance with regulatory rules on systems and controls against Money Laundering and engage with regulatory authorities as required.
• Collaborate with internal stakeholders to ensure a coordinated approach to Anti-Financial Crime.
• Investigate and respond to AML-related inquiries from regulators, clients, and employees.
• Support ongoing regulatory and change programs by acting as the Anti-Financial Crime compliance expert.
• Keep management informed of significant Financial Crime issues and developments.
• Assist in the analysis and production of Compliance Governance reporting.
• Respond to alleged breaches of rules, regulations, policies, procedures, and Standards of Conduct.
• Identify and assess emerging risks, including those arising from changes to regulatory obligations.
• Develop and implement compliance training programs to educate employees on relevant laws, regulations, and internal policies.

Qualifications

• Robust experience in financial services in a 2nd line back-office anti-financial crime role.
• Relevant business qualification.
• Working knowledge of and experience in using the relevant regulatory handbook.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Strong attention to detail and organizational skills.
• Strong IT skills, particularly in Excel and other MS Office applications.

Day-to-day

The role will involve working closely with senior management, board members, trustees, operations team, sales team, regulatory authorities, third-party compliance contacts, and external auditors.

Benefits

We are an equal opportunities employer committed to creating a diverse and inclusive workforce. We value alternative viewpoints, celebrate individuality, and foster a culture where everyone can bring their true self to work.

Deerfoot IT Resources Ltd is acting as an Employment Business in relation to this vacancy.