What’s the role? 

Our client is seeking an experienced DMLRO to support the MLRO in advising and assisting senior management in fulfilling the company’s regulatory obligations related to Anti-Money Laundering (AML), Counter-Terrorist Financing, fraud prevention, bribery and corruption, and sanctions compliance.

The position provides day-to-day leadership and subject matter expertise in financial crime across financial services

Responsibilities: 

  • Create and manage a financial crime risk control framework that identifies the relevant regulation for the regulated activity undertaken, including but not limited to appropriate policies and procedures.
  • Instigate and maintain a regular AML Risk Assessment and oversee the implementation of any necessary remedial activity.
  • Manage day-to-day AML control framework, including investigation of escalated AML suspicious activity reports and liaison with the National Crime Agency.
  • Manage Sanctions and PEP regimes, ensuring compliance with both UK legislation and internal AML policy.
  • Liaise with key internal, including but not limited to fraud prevention and sanction screening function.
  • Provide the business with a proactive regulatory compliance advisory service on financial crime topics.
  • Produce regular financial crime management information for senior management, and MBM departments, to identify, measure, manage and control financial crime risk.
  • Provide guidance on the requirements for periodic financial crime reporting and ensure information is sent to the regulators in a timely manner.
  • Manage the agenda and ensure accurate minuting of the Financial Crime Committee, ensuring that key risks and issues are highlighted, discussed and followed up as appropriate.
  • Deputise as Chair of the FCC in the absence of the MLRO.
  • Devise, implement and maintain adequate systems, controls and procedures to ensure effective liaison with law enforcement partners e.g. NCA, NaVCIS and police forces, regulator and trade association.
  • Devise, implement and monitor financial crime controls for the identification and oversight of outsourcing arrangements by the business.
  • Ensure effective AML/financial crime risk training is delivered

Essential skills & experience required:

  • A detailed knowledge of the financial crime regulatory frameworks gained through extended practical experience and relevant qualifications;
  • A thorough understanding of how the requirements of the UK’s Money Laundering Regulations apply within the regulated financial services sector (preferably automotive lending);
  • Knowledge of effective sanctions programmes in the UK’s financial services sector;
  • Knowledge of effective anti-bribery and corruption programmes in the UK’s financial services sector;
  • Experience of producing detailed management information and making recommendations to senior stakeholders;
  • Excellent communication, presentation and influencing skills;
  • Experience in devising and delivering an AML training programme;
  • Ability to interact professionally with diverse groups, executives, managers, and subject matter experts;
  • Line management experience.

 

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Tell me more

  • Location: Hybrid (First two days office in Milton Keynes/then remote/office as required)
  • Rate: £DOE
  • Work Pattern: Standard Business Hours
  • Start Dates: ASAP
  • Duration: Initial 3 months
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