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Job

Money Laundering Reporting Officer - London

  • Location

    london

  • Sector:

    Financial Services and Banking

  • Job type:

    Permanent

  • Salary:

    £90-£95,000

  • Contact:

    Emily Jane Ashley

  • Contact email:

    e.ashley@hamlynwilliams.com

  • Salary high:

    0

  • Salary low:

    0

  • Job ref:

    MLRO London 2

  • Published:

    15 days ago

  • Expiry date:

    2022-06-02

  • Startdate:

    ASAP

Hamlyn Williams is delighted to be supporting a new start-up in the e-money fintech space. They have an exciting plan to deliver new “plumbing” for financial institutions which will deliver international payments more efficiently and make a significant impact on accelerating financial inclusion. The technology team has a track record of success, and the company is building new solutions bridging between traditional financial infrastructure and new digital solutions like payment blockchains.

The company is based in London with international expansion plans. We are therefore looking for a UK-based Head of Compliance and MLRO who will report directly into the executive board, and eventually take responsibility for the global compliance function as the business grows.

We are looking for a dynamic, innovative, and driven Money Laundering Reporting Officer, who will take charge of implementing the company’s compliance and risk management program.  The successful candidate will have strong experience in managing a compliance and risk management function within a regulated EMI or a financial institution regulated by the FCA. This position is a great opportunity to progress and join a team where you can develop your career and gain support in doing do.

Applicants must be recognised by the FCA to apply for this position or have worked within an EMI obtaining and implementing licensing as well as acting as the MLRO for a substantial period.

Responsibilities:

  • Act as the primary point of contact with global regulatory bodies and government agencies, leading our international licensing / authorisation programmes.
  • Understand international and local regulatory obligations and design, implement and manage best practice AML, risk, and compliance processes across our business as it grows.
  • Manage the compliance and financial crimes program and hires dedicated to carrying out the day-to-day activities of the compliance program.
  • Develop, manage and carry out the risk management function in coordination with the business’s global enterprise risk management team.
  • Provide remediation and mitigation plans, strategies and advice on potential emerging financial crime risks.
  • Ensure all Regulatory Compliance and Financial Crime policies, risk assessments, procedures and supplementary documents for the business are reviewed on an annual basis and reflect the current regulatory landscape.
  • Stay abreast of evolving regulatory policy relating to the adoption of blockchain and crypto-related services and lead the design and implementation of innovative compliance and risk management processes for incorporating new payment technologies into the proposition.
  • Keep up to date with regulatory developments impacting the business.

 

Requirements:

Applicants must be recognised by the FCA to apply for this position or have worked within an EMI obtaining and implementing licensing as well as acting as the MLRO for a substantial period.

  • A purpose-driven individual, with a strong desire to do meaningful and transformative work, who will help us build an inspiring culture.
  • A resourceful individual who gets excited about taking ownership and responsibility and is capable of building and leading a team with integrity and by personal example.
  • A demonstrated ability to simplify complex propositions into straightforward solutions, and an understanding of core technologies utilised in our product.
  • Demonstrated ability to comprehend risks associated with the issuance of electronic money and payments services.
  • At least 2 years of fintech experience, specifically in an EMI, as an MLRO or Deputy MLRO.  
  • Demonstrated expert knowledge in financial crimes, in safeguarding of customer assets, consumer privacy laws or any other applicable consumer protection laws.

 

If you are looking for a role within an business that truly believes in supporting and progressing its team then please apply below or reach out directly to Emily Ashley at e.ashley@hamlynwilliams.com with a CV.

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