Money Laundering Reporting Officer (MLRO)

An international banking group are looking for an MLRO fin their Isle of Man offices. This is a great opportunity to take responsibility, as well as become part of a global senior management team.

Company Description:

An international banking group who are an innovative player on the global stage, their clients range from individuals to businesses of all sizes to high net worth families, and large multinational corporates and institutions.

Job Purpose:

This role will involve supporting and guiding the business areas and bank on implementation of the Group Financial Crime Compliance Policies, as well as standards & procedures as pertains to Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT), Sanctions, Anti-Bribery and Corruption (ABC), and Prevention of Facilitation of Tax Evasion (PFTE). This is in order to discharge Financial Crime Compliance risk management processes as required by relevant regulatory requirements, policies, and minimum standards.

Responsibilities

  • Guiding business in identifying and analysing all Money Laundering, Sanctions, Terror Financing, Bribery and Corruption and Facilitation of Tax Evasion risks within the bank and its processes, and the development of remedial actions.
  • Facilitating Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT), Sanctions, Anti-Bribery and Corruption (ABC) and Prevention of Facilitation of Tax Evasion (PFTE) risk assessments, with a view of understanding the key threats and devising controls to mitigate the same.
  • Steering business initiatives through identification of Financial Crime Compliance deficiencies, and guiding business in determining appropriate remedial action plans across Client Segments and Client Solutions.
  • Providing input and support to the Head of Compliance and Head of AML, to ensure high quality reporting and assurance to the relevant Boards, Executive Management, Audit Committees, the Regulator, and other relevant forums.

Desired Skills & Experience:

  • Financial Crime Compliance experience – preferably within Banking and/or Financial Services
  • Profound knowledge of the regulatory environment in the Channel Islands or Isle of Man
  • International Compliance Association (ICA)/Chartered Institute for Securities and Investment (CISI) or Certified AML Specialist (CAMS)
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