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!
