Money Laundering Reporting Officer (MLRO) to join an Online company with a focus on sports and casino, in a key compliance-focused role. The MLRO will oversee the organisation’s anti-money laundering (AML) and counter-terrorist financing (CTF) framework and act as the focal point for financial crime compliance, providing independent oversight, challenge and guidance. You will hold a current PML issued by the Gambling Commission in the UK.
The role is working fully remote and requires a candidate who is willing to operate as a self-employed individual. The role requires an immediate start.
What’s on offer to you?
- Salary at marker rate to be discussed in line with experience
- The opportunity to provide independent oversight of the organisation
- Working closely alongside senior management and Board to escalate material financial crime concerns.
What You Will Be Doing
- Act as the organisation’s MLRO and, where applicable, Nominated Officer for suspicious activity reporting.
- Oversee compliance with applicable AML, CTF, sanctions and financial crime legislation, regulations and regulatory guidance.
- Maintain and regularly review the firm-wide AML/CTF risk assessment and ensure risks are appropriately identified, assessed, documented and mitigated.
- Develop, maintain and oversee AML/CTF policies, procedures, controls and monitoring programmes.
- Review internal suspicious activity reports and determine whether external Suspicious Activity Reports (SARs) or equivalent regulatory reports are required.
- Maintain appropriate records of internal disclosures, investigations, decisions and regulatory reporting.
- Challenge business decisions where financial crime risks are not controlled.
- Monitor regulatory developments and assess their impact on the organisation.
- Report material AML/CTF issues, trends, breaches and risks to senior management and the Board.
- Prepare periodic and, where required, annual MLRO reports covering the effectiveness of the AML/CTF framework and significant issues identified.
- Liaise with regulators, law enforcement, financial intelligence units and other competent authorities where required.
- Support regulatory inspections, audits and information requests relating to AML/CTF and financial crime.
- Ensure appropriate escalation of material financial crime risks, control weaknesses and suspected breaches.
- Maintain appropriate independence, authority, access to information and resources to perform the MLRO function effectively.
What You Will Need to Succeed in This Role
- Hold a current PML with the UK Gambling Commission.
- Relevant professional qualification in AML, Compliance, Financial Crime, Risk, Law, Finance or a related discipline is desirable.
- Relevant AML/financial crime certification such as ICA, ACAMS or an equivalent qualification is desirable.
- Evidence of continuing professional development and up-to-date knowledge of relevant regulatory requirements.
- Proven experience in an MLRO role within a regulated Online Gaming environment. Minimum 6 to 10 years relevant experience
- Strong working knowledge of AML/CTF legislation, regulatory requirements and financial crime risks.
- Experience in assessing customer and business risk and applying a risk-based approach to AML controls.
- Strong understanding of CDD, EDD, transaction monitoring and sanctions.
- Strong analytical, investigative and decision-making skills.
- Excellent communication skills, confidant to challenge senior stakeholders.
- High level of integrity, discretion and professional judgement.
- Ability to work independently while collaborating with senior management
Money Laundering Reporting Officer (MLRO) | Compliance | Financial Crime |SARS |PEP | Regulatory reports | Suspicious Activity
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