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Anti-Money Laundering Compliance Manager Retail Travel
- Peterborough, Cambridgeshire
- £45,000 - £50,000 per annum
- 11 applications
- Job type: Permanent, full-time
- Date:
- Reference: 21158349
-
Duration: n/a
Anti-Money Laundering Compliance Manager (Retail Travel)
Position: AML Compliance Manager and Nominated Officer
Location: Peterborough
Salary: £45- 50,000 Plus Car Allowance
Hours-Potential for Flexible working
ROLE:
Oversee and deal with all aspects of Anti-Money Laundering and Counter Terrorist Financing on behalf of the UK Retail network and Commercial Foreign Exchange operation (CFX), to ensure compliance with the relevant legislations affecting MSB licensed businesses. As Nominated Officer, receive, evaluate and forward Suspicious Activity Reports (SAR`s) to the Serious Organised Crime Agency. Lead and manage a small team and represent the Company on AML matters and deal with external agencies, including AML Regulatory authorities. Keep Senior Management and Executive Boards informed of relevant AML/CTF issues that may affect our client.
RESPONSIBILITIES:
a) Review and develop clear and concise AML Policy, Procedures and training for Retail and CFX business.
b) Ensure AML systems and controls are robust. Produce and regularly review AML Risk Assessments for UK Retail, C.I. and IOM.
c) Have oversight and provide expert advice to support the CFX operation.
d) Assess impact of key regulatory developments, Sanctions, industry best practice and ensure relevant changes are implemented.
e) Ensure SAR`s are dealt with by deadline imposed by HMRC. Authorise high value Retail FE transactions prior to them proceeding. Provide telephone advice, support and guidance to retail network with AML issues.
f) Formally report non-compliance issues to HR and Retail Management. Develop and implement risk based monitoring of CFX and Retail transactions. Deal with the Regulators and matters arising from inspections/meetings/reviews.
g) Respond promptly to Law Enforcement requests on behalf of retail network in accordance with the Data Protection Act. Oversee AML compliance in Jersey, Guernsey and IOM jurisdictions. Deal with UK, Jersey, Guernsey and IOM AML Regulatory bodies.
h) Interpret relevant AML/CTF legislations for UK, Jersey, Guernsey and IOM, and translate effectively into understandable operational guidance.
i) Maintain all AML Fit and Proper Test registers. Maintain the MSB register of UK T/C locations in line with AML regulations. Represent Company at MSB industry forums ensuring T/C position is always considered and expressed.
j) Ensure AML issues are flagged to the Business in respect of new projects and take ownership of the AML piece. Produce quarterly AML report for Senior Management and Executive Boards. Produce annual AML report for Senior Management/Executive Boards, plus PWC.
ESSENTIAL SKILLS / EXPERIENCE:
a) Significant AML experience gained within regulated sector.
b) In depth knowledge of key AML regulations and guidance including Sanctions. Experienced in non face-to-face Commercial Foreign Exchange operation and business take on controls and processes.
c) Excellent verbal and written communicator. Excellent People Management skills.
d) Proven ability to clearly articulate business and regulatory implications.
e) Well Educated. Must have recognised AML qualifications.
f) Highly motivated, able to lead, support, manage a small team.
g) Able to analyse, understand and interpret AML legislation and regulatory communications, form an opinion and action accordingly.
h) Have complete understanding of AML legislation in the MSB sector.
i) Knowledge of Court Production Order procedures.
j) Knowledge and understanding of Data Protection legislation in respect of 3rd party law enforcement requests for disclosure.
You may have experience of the following: Compliance Officer, Money Laundering, Compliance Manager, Fraud, AML Analyst, AML Consultant, Diploma in Financial Crime, Compliance Consulting Manager, Anti Money Laundering, Risk Manager
This vacancy is being advertised by , the UK`s leading Flat Fee Recruitment Agency. The services advertised by are those of an employment agency.
No terminology in this advert is intended to discriminate on the grounds of age, and we confirm that we will gladly accept applications from persons of any age for this role.
Position: AML Compliance Manager and Nominated Officer
Location: Peterborough
Salary: £45- 50,000 Plus Car Allowance
Hours-Potential for Flexible working
ROLE:
Oversee and deal with all aspects of Anti-Money Laundering and Counter Terrorist Financing on behalf of the UK Retail network and Commercial Foreign Exchange operation (CFX), to ensure compliance with the relevant legislations affecting MSB licensed businesses. As Nominated Officer, receive, evaluate and forward Suspicious Activity Reports (SAR`s) to the Serious Organised Crime Agency. Lead and manage a small team and represent the Company on AML matters and deal with external agencies, including AML Regulatory authorities. Keep Senior Management and Executive Boards informed of relevant AML/CTF issues that may affect our client.
RESPONSIBILITIES:
a) Review and develop clear and concise AML Policy, Procedures and training for Retail and CFX business.
b) Ensure AML systems and controls are robust. Produce and regularly review AML Risk Assessments for UK Retail, C.I. and IOM.
c) Have oversight and provide expert advice to support the CFX operation.
d) Assess impact of key regulatory developments, Sanctions, industry best practice and ensure relevant changes are implemented.
e) Ensure SAR`s are dealt with by deadline imposed by HMRC. Authorise high value Retail FE transactions prior to them proceeding. Provide telephone advice, support and guidance to retail network with AML issues.
f) Formally report non-compliance issues to HR and Retail Management. Develop and implement risk based monitoring of CFX and Retail transactions. Deal with the Regulators and matters arising from inspections/meetings/reviews.
g) Respond promptly to Law Enforcement requests on behalf of retail network in accordance with the Data Protection Act. Oversee AML compliance in Jersey, Guernsey and IOM jurisdictions. Deal with UK, Jersey, Guernsey and IOM AML Regulatory bodies.
h) Interpret relevant AML/CTF legislations for UK, Jersey, Guernsey and IOM, and translate effectively into understandable operational guidance.
i) Maintain all AML Fit and Proper Test registers. Maintain the MSB register of UK T/C locations in line with AML regulations. Represent Company at MSB industry forums ensuring T/C position is always considered and expressed.
j) Ensure AML issues are flagged to the Business in respect of new projects and take ownership of the AML piece. Produce quarterly AML report for Senior Management and Executive Boards. Produce annual AML report for Senior Management/Executive Boards, plus PWC.
ESSENTIAL SKILLS / EXPERIENCE:
a) Significant AML experience gained within regulated sector.
b) In depth knowledge of key AML regulations and guidance including Sanctions. Experienced in non face-to-face Commercial Foreign Exchange operation and business take on controls and processes.
c) Excellent verbal and written communicator. Excellent People Management skills.
d) Proven ability to clearly articulate business and regulatory implications.
e) Well Educated. Must have recognised AML qualifications.
f) Highly motivated, able to lead, support, manage a small team.
g) Able to analyse, understand and interpret AML legislation and regulatory communications, form an opinion and action accordingly.
h) Have complete understanding of AML legislation in the MSB sector.
i) Knowledge of Court Production Order procedures.
j) Knowledge and understanding of Data Protection legislation in respect of 3rd party law enforcement requests for disclosure.
You may have experience of the following: Compliance Officer, Money Laundering, Compliance Manager, Fraud, AML Analyst, AML Consultant, Diploma in Financial Crime, Compliance Consulting Manager, Anti Money Laundering, Risk Manager
This vacancy is being advertised by , the UK`s leading Flat Fee Recruitment Agency. The services advertised by are those of an employment agency.
No terminology in this advert is intended to discriminate on the grounds of age, and we confirm that we will gladly accept applications from persons of any age for this role.
