Our client, a well-established and innovative IT company based in London, we are seeking a Compliance AML Specialist to join the team and play a critical role in shaping the regulatory framework and risk culture. As part of our client’s ongoing growth and commitment to strong governance to support the firm in ensuring the company’s full compliance with regulations and best practices. The ideal candidate will act as a key member of the Compliance function, supporting the MLRO in the development, implementation and ongoing oversight of the company’s Anti-money laundering framework across the organisation, based on regulations, regulatory rules, and industry guidance. This role ensures that the company maintains strong Governance, Risk and Compliance systems and controls to detect and prevent financial crime, while promoting a strong culture of compliance across departments.
DUTIES AND RESPONSIBILITIES
- Support the MLRO in maintaining and enhancing the company’s AML and financial crime regulations in line with the FCA
- Assist with the design, implementation and maintenance of the AML policies, procedures and internal controls.
- Contribute to the company’s Annual AML risk assessment
- Prepare Agendas and Minutes for meetings.
- Conduct and oversee enhanced due diligence for high-risk customers
- Review transaction monitoring alerts and investigate potential suspicious activity
- Assist with anti-money laundering (AML) compliance providing oversight, control, support and coordination for anti-money laundering compliance
- Assist with the development, implementation and maintenance of an effective tactical and strategic anti-money laundering program
- Understand and have continuing knowledge of all local AML requirements to ensure that the AML program is consistent with all applicable local laws, regulations and rules and that the AML program is updated, as required, in light of changes to local laws, regulations and rules
- Support the MLRO to develop and manage a regular monitoring and reporting process to inform senior management, the audit committee and the board, as necessary and required
- Support the MLRO toto ensure that all activity and transactions that are identified as potentially suspicious are investigated, reviewed and resolved in accordance with established procedures
- Support AML Compliance Teams to address issues raised in internal audit reports, self-assessments, compliance reviews or regulator’s examination about AML policy
- To personally manage and where appropriate carry out high profile/sensitive investigations
- Establish and maintain liaison with local/county/regional and international financial industry representatives to proactively identify current fraud trends, criminal activity and the identification of organised criminal groups and influence security best practices
- Liaison with national and international law enforcement entities and liaison with local financial industry representatives to proactively identify fraud trends/criminal activity and organised criminal attacks.
CANDIDATE PROFILE
- At least 2-3 years of experience of working as a Compliance officer within a Payments Industry/Electronic Money Institution in UK and ideally in EEA.
- Ability to work under pressure.
- AML / CTF advisory experience and good working knowledge of SARs regime
- Working knowledge of the legal and regulatory obligations for UK; including MLRs PSRs and EMRs
- Excellent communication skills both written and verbal
- Credible stakeholder engagement skills to align with our organisational values and
SALARY AND BENEFITS
- £40,000 – £55,000 per annum
- Salary will be determined based on experience, qualifications, and skills. The advertised salary range is indicative, any offer will reflect the successful candidate’s suitability
Due to the high volume of applications, we receive at GRS Recruitment, only shortlisted candidates will be responded to.
To apply for this position, please email your CV to
George Zannides, george@grsrecruitment.com quoting the above job reference or call +357 25 342717for further information.