DEPUTY MLRO – FX / PAYMENTS / FINTECH
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| Job Type | Permanent |
| Area | City, UK |
| Sector | Compliance |
| Salary | To £65K + BENS + BONUS |
| Currency | GBP |
| Start Date | |
| Job Ref | VAC-11830 |
| Job Views | 84 |
- Description
- A new opportunity has arisen for a Deputy MLRO at one of the fastest growing & well-established global Payment FinTech groups. Based in their Central London office, the candidate will be responsible forsupporting the MLRO in the delivery, maintenance and improvement of the regulatory and financial crime-risk control framework (Financial Crime Compliance; Regulatory Compliance; Operational, Credit & Market Risk).
Duties will include;
- Directly manage a team of 2 (wider team of 10+)
- Support the MLRO in ensuring group-wide compliance with external legislation, regulation and internal policies and procedures
- Leading the team responsible for the collection and analysis of due diligence material for the client verification process (i.e. KYC/CDD processes)
- Provide subject matter expertise and advice on Foreign Exchange spot and forward products and the associated risks
- Support the change process to mature the diligence function and wider team
- Support the MLRO in managing the group-wide internal and external suspicious activity reporting (SAR) regime
- Present the business and the function to external and internal parties
- Support the resolution of all Compliance issues, queries and concerns, raised both internally and externally
- Ensure client activities are appropriate and do not expose the firm to financial crime risks
- Deal with & escalating actual or suspected money laundering, sanctions and fraud cases with internal & external stakeholders including the MLRO, clients, partners and authorities such as NCA, law enforcement or regulators
- Strengthen the control framework through on-going development of relevant policies and procedures to reflect extant regulation and legislation including the 2017 Money Laundering Regulations and the Payment Services Regulations
- Support 2nd Line of Defence oversight through compliance monitoring reviews and audits
- Provide effective challenge to the MLRO on Compliance matters
To be considered for this excellent opportunity, candidates must have extensive experience working in a Financial Services Compliance area – it is essential that you have knowledge of FX products (and their associated risks) as well as an in depth understanding of Payment legislative regimes. Previous Managerial experience is essential for this position – a minimum of 18 months.