Job Description:
Our client, a prestigious international bank, is seeking a dedicated and experienced Money Laundering Reporting Officer (MLRO) to join their dynamic team. The successful candidate will play a crucial role in ensuring the bank's compliance with Anti-Money Laundering (AML) regulations and will be responsible for managing and enhancing the bank's AML framework.
Key Responsibilities:
- Handle the preparation work and management of inspections by the regulator.
- Research and understand changes in regulation.
- Develop policies internally relating to AML in the company and oversee the implementation of those policies.
- Work to develop AML guidance materials, training resources, and controls.
- Update internal handbook on AML policies.
- Advise senior management of any likely implications of changes to internal policies.
- Implement the annual AML plan and perform the relevant quality assurance checks to ensure adherence.
- Conduct due diligence reviews.
- Report results of reviews of AML risk assessments and monitor remedial proceedings.
- Identify, investigate, and resolve all activities that are deemed noncompliant.
- Plan AML training sessions.
- Act as a subject matter expert for the business and point of reference to address related queries.
- Inform the relevant authorities of any breaches.
- Compile reports for the board and internal risk committees.
- Address issues relating to transaction monitoring, filtering, and sanctions.
Required Skills:
- Proven experience in holding the SMF17 function in previous roles.
- Proficient in Microsoft Office Suite (Word, Excel, Project, PowerPoint).
- Extensive knowledge of regulatory and legal framework relating to the business.
Application Process:
For more information or to apply, please send your CV to Sonia Smith quoting job reference 16809SS.
Join a forward-thinking team where your expertise will be valued and contribute significantly to the bank's regulatory compliance efforts.