Group Money Laundering Reporting Officer

Posted 1 week ago by Search Consultancy
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Our globally recognised client is looking for a Group Money Laundering Reporting Officer to join the team! See below for full details on the position.

Skills and knowledge

Detailed knowledge of FCA rules & JMLSG guidance and their interpretation/application
Ability to train and motivate others whilst remaining flexible/adaptable
Ability to manage and co-ordinate a team
Highly developed analytical, observational and communication skills
Qualification requirements

Ideally level 4 Diploma in regulated financial planning (or equivalent), with additional relevant qualifications preferable
General responsibilities

Assist the Compliance Director in administering an effective AML control framework across the all Group firms (with appropriate variation between the different businesses)
Maintain a control framework and accommodate changes in regulatory expectations and new business opportunities
Keep up-to-date with regulatory and industry developments
Manage financial crime risk
Provide cover for the Compliance Director as appropriate
Where necessary; engage in the oversight of member firms or user firms, managing and scheduling all aspects of oversight competently and within desired timescales
Produce robust and professional communications to promote clear processes and understanding / awareness
Liaise effectively with senior management in respect of regulatory and financial crime issues
Assist in making all appropriate notifications to the FCA
Produce a quarterly compliance bulletin; considering key industry and regulatory changes
Produce monthly MI and present to senior managers
Assist with all financial crime regulatory and internal reporting
Monitoring responsibilities

Apply a risk-based and common-sense approach to the monitoring process
Undertake appropriate risk reviews, ensuring that the findings are accurately recorded and handled appropriately so as to mitigate associated risks
Undertake regular MI / system data reviews, ensuring that management information in respect of all connected firms is accurately recorded whilst identifying adverse trends/risks and reporting or handling them accordingly
Oversee staff and adviser testing and ensure appropriate records are available to demonstrate compliance and competency
Ad-hoc Responsibilities

Take on tasks and projects as delegated by the Compliance Director, or undertake tasks that are deemed necessary due to other influences or circumstances beyond the remit of financial crime
Update manuals, procedures and documentation as required
Complete tasks to a high standard, and apply initiative to accommodate for wider issues
Desirable Qualifications and Experience

L6 Advanced Diploma working towards Chartered Status
J07 Supervision in a Regulated Environment
Specialist qualifications:
Regulations
Financial crime / anti-money laundering
Professional qualifications in risk management/compliance
Significant compliance and managerial experience within the financial services, preferably in an investment or insurance environment. An in-depth understanding of FCA/PRA regulatory expectations.
Experience working within a network of Financial Advisers and/or a platform

Search is an equal opportunities recruiter and we welcome applications from all suitably skilled or qualified applicants, regardless of their race, sex, disability, religion/beliefs, sexual orientation or age.

Reference: 37028160

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