We have been retained by a boutique investment bank to identify a MLRO for their London based operation. The bank has a strong reputation in the emerging markets space, offering their clients a range of banking services.
Responsible for the effective and efficient design and execution of the firms AFC framework
Ensuring compliance with all applicable Anti-Money Laundering & Terrorist Financing (AML/CTF), Know Your Client (KYC), Anti-Bribery and Corruption (ABC), Sanctions laws and regulations.
Designated Money Laundering Reporting Officer (MLRO, Nominated Officer for the firm, SMF 17 registered holder, point of contact for the FCA, NCA and other applicable authorities.
Act as the Deputy Head of Compliance to support the CCO in all areas of the business.
Ensure effective onboarding / ongoing due diligence processes and supporting systems.
Provide timely and transparent reporting to management and board committees.
Ensure AML / CTF / Sanctions / ABC / Fraud regulations, guidance and industry best practice standards are implemented.
Receive and assess internal suspicion reports, and make external reports as required.
Establish and maintain arrangements for awareness and training of staff.
Establish and execute an AFC business wide risk assessment, AFC compliance monitoring.
programme, support quality assurance with 3rd line of defence.
Produce an annual MLRO report to the Board of Directors and manage AFC regulatory reports.
Provide second line oversight and challenge to all first line AFC matters and reinforce the three lines of defence within the firm.
Prior experience as a registered SMF17 post holder as MLRO
Experience within the merchant/ wholesale/ investment banking environment.
Strong and proven AML Knowledge.
Education to degree level.
For further information please contact Marcus Courtney