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Head of UK Financial Security and MLRO

Location: CITY OF LONDON, LONDON Salary: 1500.00 - 1500.00 GBP Per Day
Sector: Banking Job Type: Temporary
Shift Type: N/A Applications: 15
Posted: about 1 month ago Reference: 3521397
Head of UK Financial Security and Money Laundering Reporting Officer

Rate: £1500 per day
Contract: 6 Months (possible temp to perm)
Location: City of London

The Role:
Our client is one of the largest banking groups in Europe. Built on its strong cooperative and mutual roots, with more than 140,000 employees and a presence in 49 countries, they are a responsible and responsive bank serving 52 million customers globally.

The Head of UK Financial Security and MLRO is a key senior role within the London Compliance and Financial Security team and is responsible for ensuring the bank has systems, controls and procedures in place to prevent financial crime. This will involve developing, coordinating and monitoring the effectiveness of Financial Security controls for the relevant legal entities in the UK within the framework of an overall global Financial Security strategy.

They will be responsible for providing sound regulatory advice to the SCCO and relevant London Senior Management on all matters relating to Financial Security, including, but not limited to; anti-money laundering, fraud, bribery and corruption, sanctions/embargoes, and countering terrorist financing. They will also take a proactive role in assessing bank compliance, identifying potential weaknesses and initiating measures to rectify them.

Main Responsibilities:

The main responsibilities fall into the following areas:

1.Management
2. Regulatory Advice and Queries
3. Compliance Policies and Procedures
4. Training and Awareness
5. Financial Security Risk Assessments and Monitoring Programme
6. Internal Reporting
7. Investigations and External Reporting
8. Communication
9. Relationship with Head Office Compliance and Financial Security Team
10. Acting as London Activity Manager in relation to GRM issues ensuring
11. Ad hoc
12. Legal and Regulatory Responsibilities

Full details of duties will be provided to successful applicants.


Key Requirements:
• Practical experience working in Corporate and Investment bank as MLRO.
• Previous experience working within a Financial Security function with exposure to money laundering, embargo / sanctions and / fraud
• Previous experience working with law enforcement agencies
• SMF 17- Money Laundering Reporting
• Strong communication skills
• Able to communicate and gain the respect of all levels of management and staff
• Detailed knowledge of the 4th and 5th EU Money laundering Directive, UK Money Laundering Regulations & JMLSG Guidance Notes
• Detailed knowledge of HMT, EU and OFAC sanctions
• Detailed knowledge of other sanctions / embargoes
• Appreciation of the mechanics & workings of the law enforcement agencies & courts


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