Deputy Money Laundering Reporting Officer

Deputy Money Laundering Reporting Officer (DMLRO)

Financial Services

London

We are working with a leading independent bridging finance provider based in the United Kingdom. With a strong presence in the market, specialising in offering fast and flexible bridging loans and buy-to-let mortgages to our valued intermediaries and clients.

The DMLRO/DNO is responsible for assisting and where appropriate deputising for the BFLMLRO/NO in ensuring that the firm complies with all relevant and applicable anti-money laundering and counter-terrorist financing (including sanctions) legislation and regulations.

The role involves:

• Oversight of the firm's AML/CTF & Sanctions compliance program,
• Maintaining policies and procedures and ensuring appropriate change and version controls are completed of such,
• Assisting in the creation and delivery of staff training,
• Overseeing the KYC Analysts in their duties to ensure compliant day to day onboarding of customers and investors (including, if necessary, where Enhanced Due Diligence is required),
• Advising and supporting the business as required,
• Receiving, investigating and where necessary reporting any suspicious activity to the National Crime Agency (NCA),
• Deputising for the BFLMLRO at Financial Crime Committee and/or Senior Management meetings,
• Assisting with the accurate production of management information (including but not limited to, weekly case load statistics, quarterly BFLMLRO reports and the Annual BFLMLRO Report),
• Oversight of investor and funding line portfolio management, and
• Assisting the BFLMLRO in any ad-hoc projects or assignments as required.

Role Requirements:

• At least 4 years of experience in AML/CTF & Sanctions compliance, within the financial services industry.
• Knowledge of relevant legislation and regulations
• Working knowledge of business wide risk assessment and customer risk assessment methodology and execution.
• Experience in transaction monitoring and ongoing monitoring.
• In-depth working knowledge of CDD/EDD as it applies to individuals and corporations.