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