Deputy Money Laundering Reporting Officer

Our client is seeking a Deputy Money Laundering Reporting Officer to join their team. This full-time position plays a crucial role in executing Compliance Risk Management processes within the organisation. The Deputy Officer will support the Money Laundering Reporting Officer (MLRO) in implementing the MLRO Framework and ensuring compliance with all relevant regulatory requirements. The successful candidate will be instrumental in maintaining the operational integrity of the business, thereby avoiding operational losses, fines, and reputational damage. This role will involve the analysis of operational activities to identify compliance risks and ensure adherence to relevant frameworks. You will provide guidance to management and staff on regulatory matters while playing a pivotal role in the escalation and resolution of compliance issues. Your expertise will contribute to the overall success and competitive advantage of the organisation.

JOB DUTIES:

• Analyse operational activities within a functional area to identify compliance risks and ensure adherence to relevant compliance frameworks and standards.
• Report all material compliance issues using established escalation and reporting mechanisms to ensure swift resolution and minimise the impact of financial or reputational damages.
• Provide advice to management, employees, and relevant committees regarding the regulatory landscape, compliance frameworks, and any regulatory developments to manage compliance risks effectively.
• Inform Business Line Heads and relevant Centre of Excellence (CoE) Heads about regulatory inspections and act as a conduit for significant information requests, comments, and findings.
• In the absence of the MLRO, handle and validate suspicious activity reports (SARs), liaise with regulatory authorities and law enforcement, manage the risk of tipping off, and handle production and restraint orders.

JOB REQUIREMENTS:

• A Bachelor’s degree in Business, Commerce, Audit, or Law is required.
• You should have five to seven years of experience in a compliance role within the financial industry.
• Expertise in compliance with a strong understanding of relevant regulatory requirements and banking products is essential.
• You will possess a solid understanding of the financial industry's regulatory framework.
• Demonstrable experience in fraud detection and management, as well as legal compliance, is necessary.
• Excellent interpersonal skills and the ability to articulate information clearly are essential competencies.

WHAT YOU’LL LOVE:

This position offers a unique opportunity to work alongside talented professionals in a meaningful role that supports compliance and governance within the organisation. You will have the chance to make a real impact on compliance risk management while contributing to the growth of the financial services sector. The role combines significant responsibility and the opportunity to develop your expertise in a collaborative and dynamic environment.

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