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Group Money Laundering Reporting Officer

Job Title: Group Money Laundering Reporting Officer
Contract Type: Permanent
Location: Horsham, West Sussex
Industry:
Salary: £45000 - £55000 per annum + 25 days Holiday, Pension, Private Medical
Start Date: ASAP
Reference: bb7263838_1546430605
Contact Name: Tanya Etheridge
Contact Email: sales@fusionpersonnel.com
Job Published: January 02, 2019 12:03

Job Description

Group Money Laundering Reporting Officer

Skills and knowledge

  • Detailed knowledge of FCA rules & JMLSG guidance and their interpretation/application
  • Ability to train and motivate others whilst remaining flexible/adaptable
  • Ability to manage and co-ordinate a team

Qualification requirements

  • Ideally level 4 Diploma in regulated financial planning (or equivalent), with additional relevant qualifications preferable

General responsibilities

  • Assist the Compliance Director in administering an effective AML control framework across the all Group firms (with appropriate variation between the different businesses)
  • Maintain a control framework and accommodate changes in regulatory expectations and new business opportunities
  • Keep up-to-date with regulatory and industry developments
  • Where necessary; engage in the oversight of member firms or user firms, managing and scheduling all aspects of oversight competently and within desired timescales
  • Manage financial crime risk
  • Produce robust and professional communications to promote clear processes and understanding / awareness
  • Liaise effectively with senior management in respect of regulatory and financial crime issues
  • Assist in making all appropriate notifications to the FCA
  • Produce a quarterly compliance bulletin; considering key industry and regulatory changes
  • Produce monthly MI and present to senior managers
  • Assist with all financial crime regulatory and internal reporting

Monitoring responsibilities

  • Apply a risk-based and common-sense approach to the monitoring process
  • Undertake appropriate risk reviews, ensuring that the findings are accurately recorded and handled appropriately so as to mitigate associated risks
  • Undertake regular MI / system data reviews, ensuring that management information in respect of all connected firms is accurately recorded whilst identifying adverse trends/risks and reporting or handling them accordingly
  • Oversee staff and adviser testing and ensure appropriate records are available to demonstrate compliance and competency

Ad-hoc Responsibilities

  • Take on tasks and projects as delegated by the Compliance Director, or undertake tasks that are deemed necessary due to other influences or circumstances beyond the remit of financial crime
  • Update manuals, procedures and documentation as required
  • Complete tasks to a high standard, and apply initiative to accommodate for wider issues

Desirable Qualifications and Experience

  • L6 Advanced Diploma working towards Chartered Status
  • J07 Supervision in a Regulated Environment
  • Specialist qualifications:
  • Regulations
  • Financial crime / anti-money laundering
  • Professional qualifications in risk management/compliance
  • Significant compliance and managerial experience within the financial services, preferably in an investment or insurance environment. An in-depth understanding of FCA/PRA regulatory expectations.
  • Experience working within a network of Financial Advisers and/or a platform
Skills and knowledge
  • Detailed knowledge of FCA rules & JMLSG guidance and their interpretation/application
  • Ability to train and motivate others whilst remaining flexible/adaptable
  • Ability to manage and co-ordinate a team
  • Highly developed analytical, observational and communication skills
Qualification requirements
Ideally level 4 Diploma in regulated financial planning (or equivalent), with additional relevant qualifications preferable
  • General responsibilities

    • Assist the Compliance Director in administering an effective AML control framework across the all Group firms (with appropriate variation between the different businesses)
    • Maintain a control framework and accommodate changes in regulatory expectations and new business opportunities
    • Keep up-to-date with regulatory and industry developments
    • Manage financial crime risk
    • Provide cover for the Compliance Director as appropriate
    • Where necessary; engage in the oversight of member firms or user firms, managing and scheduling all aspects of oversight competently and within desired timescales
    • Produce robust and professional communications to promote clear processes and understanding / awareness
    • Liaise effectively with senior management in respect of regulatory and financial crime issues
    • Assist in making all appropriate notifications to the FCA
    • Produce a quarterly compliance bulletin; considering key industry and regulatory changes
    • Produce monthly MI and present to senior managers
    • Assist with all financial crime regulatory and internal reporting

    Monitoring responsibilities

    • Apply a risk-based and common-sense approach to the monitoring process
    • Undertake appropriate risk reviews, ensuring that the findings are accurately recorded and handled appropriately so as to mitigate associated risks
    • Undertake regular MI / system data reviews, ensuring that management information in respect of all connected firms is accurately recorded whilst identifying adverse trends/risks and reporting or handling them accordingly
    • Oversee staff and adviser testing and ensure appropriate records are available to demonstrate compliance and competency

    Ad-hoc Responsibilities

    • Take on tasks and projects as delegated by the Compliance Director, or undertake tasks that are deemed necessary due to other influences or circumstances beyond the remit of financial crime
    • Update manuals, procedures and documentation as required
    • Complete tasks to a high standard, and apply initiative to accommodate for wider issues

    Desirable Qualifications and Experience

    • L6 Advanced Diploma working towards Chartered Status
    • J07 Supervision in a Regulated Environment
    • Specialist qualifications: Regulations, Financial crime / anti-money laundering
    • Professional qualifications in risk management/compliance
    • Significant compliance and managerial experience within the financial services, preferably in an investment or insurance environment. An in-depth understanding of FCA/PRA regulatory expectations.
    • Experience working within a network of Financial Advisers and/or a platform

Apply now to be in with a chance!

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