Deputy Money Laundering Reporting Officer (DMLRO)
Reporting To: Head of Compliance / MLRO
Location: London
Business: FX/Payments provider
Job Purpose:
Assist the MLRO in ensuring compliance with anti-money laundering (AML) regulations. Support AML program implementation, risk assessments, transaction monitoring, and regulatory adherence.
Key Responsibilities:
AML Compliance Program:
- Support development and maintenance of AML compliance program.
- Ensure alignment with regulations and best practices.
Transaction Monitoring and Reporting:
- Oversee transaction monitoring systems and investigate alerts.
- Prepare and submit Suspicious Activity Reports (SARs).
Risk Assessment:
- Conduct AML risk assessments for clients, products, and services.
- Recommend risk mitigation strategies.
Policy and Procedure Development:
- Assist in creating and updating AML policies and procedures.
- Ensure effective communication and implementation.
Training and Awareness:
- Develop and deliver AML training programs.
- Promote a strong compliance culture.
Regulatory Liaison:
- Assist in liaising with regulatory bodies and law enforcement.
- Support regulatory examinations and audits.
Team Support:
- Provide support to the MLRO and compliance team.
- Act as a point of contact for AML queries.
Key Skills and Qualifications:
Education:
- Bachelor’s degree in Finance, Law, Business, or related field.
- Professional AML certification (e.g., CAMS, ICA) preferred.
Experience:
- 5+ years in AML compliance, preferably in FX payments or similar financial services businesses.
