Money Laundering Reporting Officer - UK

The position

This is an exciting time to join Remote and make a personal difference in the global employment space as a Money Laundering Reporting Officer / Compliance Officer, joining our Compliance department.

We are building a Financial Services subgroup within Remote. This subgroup is in the process of obtaining amongst others a financial licence in the UK.

This means Remote will need to meet the highest standards for customer due diligence, anti-money laundering and counter financing terrorism, internally referred to as know your business (KYB).

You will help setup sound procedures for vetting our customers globally. Not only will you have the responsibility to introduce and implement innovative anti-money laundering (AML) and counter-financing terrorism (CFT) solutions for our platform, you will also be relied upon to share guidance and expertise on UK and EU regulatory requirements.

Requirements

• 5+ years experience with the Second line of Defence in the financial sector, preferably with experience in compliance
• Understanding of both European payments legislation (e.g. Payment Services Directive II) and UK FCA rules and guidance
• Writes and speaks fluent English
• Must be a UK resident
• Professional AML / MLRO certifications

Key responsibilities

• Spearhead the implementation of robust customer due diligence, know-your-client, anti-money laundering, and counter financing terrorism procedures, with a focus on enhancing and refining these protocols along with corresponding risk assessments and mitigating measures for medium to high risks.
• Ensure unwavering compliance with AML & Compliance requirements, meticulously meeting regulatory standards, while maintaining and optimizing policies and procedures for the overall adequacy of the UK Compliance Programme.
• Take charge of Regulatory Reporting, meticulously preparing and submitting accurate reports to regulatory authorities, including suspicious transaction reports (STRs), and ensuring comprehensive internal record keeping.
• Stay abreast of regulatory changes and proactively update reporting processes to align with evolving compliance landscapes.
• Conduct thorough KYB procedures on both new and existing customers, establishing a meticulous audit trail to enhance due diligence practices.
• Implement effective transaction monitoring and reporting mechanisms specific to the payments business.
• Collaborate seamlessly with compliance colleagues to strengthen global compliance efforts, actively contributing to the ongoing development of the global Compliance team.
• Lead a comprehensive training program focused on mitigating ML issues, ensuring the team remains informed and adept in navigating compliance challenges.
• Regularly review and optimize the effectiveness of the compliance program, ensuring continuous improvement and alignment with industry best practices.

Practicals

• You'll report to: Senior Manager, Compliance
• Team: Compliance
• Location: UK
• Start date: May 2024

Application process

1. (async) Profile review
2. Interview with recruiter
3. Interview with future manager
4. Interview with Senior Director of Payments
5. (async) Offer
6. Reference Check

#LI-DNP