Money Laundering Reporting Officer (MLRO)

Company:
NALA
Location:
London
Level:
Experienced
Employment Type:
Full Time
Added:
November 5, 2023
Deadline:
N/A
NALA
Short role description (click "Apply Here" to see full listing):

Your responsibilities in this role

  • Licensing: Apply for, deliver and maintain our EMI license with the FCA
  • Suspicious Activity Reporting: Receive, assess, and escalate reports of suspicious financial activity within the organization. Make Suspicious Activity Reports (SARs) when necessary, following all legal requirements.
  • AML/CTF Policies: Develop, maintain, and implement effective AML and CTF policies, procedures, and controls. Ensure these policies are in compliance with the latest regulatory requirements and industry best practices.
  • Staff Training and Awareness: Provide comprehensive AML/CTF training to employees, ensuring they are aware of their responsibilities and capable of identifying and reporting suspicious activities. Offer ongoing guidance and support to staff.
  • Regulatory Compliance: Ensure NALA complies with all relevant AML/CTF regulations, laws, and guidelines. Stay updated on changes in regulations and adjust internal processes accordingly.
  • Risk Assessment: Conduct risk assessments to identify and mitigate AML/CTF risks specific to the organization. Determine the appropriate risk-based approach to customer due diligence and ongoing monitoring.
  • Record Keeping: Maintain accurate and accessible records, including Suspicious Activity Reports, customer due diligence, and transaction records, for regulatory and compliance purposes.