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Job

MLRO

  • Location

    London

  • Sector:

    Financial Services and Banking

  • Job type:

    Permanent

  • Contact:

    Yaingy Chan

  • Contact email:

    y.chan@hamlynwilliams.com

  • Salary high:

    0

  • Salary low:

    0

  • Published:

    5 months ago

  • Expiry date:

    2021-02-25

Hamlyn Williams has partnered with a leading Payments Provider and we're seeking for an intelligent, dynamic, innovative, and driven MLRO for their UK entity.

This position is critical to support the growth of the business across Europe, develop compliance strategies and relevant policies, and ensure their rigorous implementation across all functions within the company while guaranteeing sustained regulatory compliance. 

As an MLRO, you will: (not limited to)

  • Ensuring the business has effective AML/CTF control framework and procedures
  • Ensure the legal obligations stemming from the Money Laundering Regulations 2017 and the 5th Money Laundering Directive are met
  • Proactively identify potential compliance risks and guide the management team in the development/reviewing/updating of relevant policies, procedures, and business practices 
  • Partner with global business teams and collaborate as part of project teams including conducting compliance assessments and defining requirements as needed for the approval of new products and changes to existing products
  • Work cross-functionally across multiple teams to ensure execution against regulatory requirements and internal policies
  • Oversee and manage board and regulatory reporting on a timely basis, including ad-hoc requests from regulators, highlighting all relevant compliance issues and escalate any key compliance issues
  • Drafting and presenting the Annual MLRO report to the Board 

As an MLRO, you will need:

  • Have gained at least 5 years’ experience in a financial service (preferably payment service company) compliance or regulatory environment
  • Have compliance advisory experience and the ability to take a pragmatic, commercial approach to risk and compliance whilst achieving desired business outcomes
  • The ability to provide regulatory advice and compliance support to the business on product development and license applications, and handle requests on licensing compliance initiatives from global compliance team 
  • The ability to work independently, determine priorities, and meet deadlines
  • Solid knowledge of money laundering compliance requirements for money services businesses