Money Laundering Reporting Officer

2 months ago

London, United Kingdom FRP Advisory Full time

Role location: London l Brentwood l Flexible


Role purpose

The Money Laundering Reporting Officer (MLRO) is responsible for overseeing the FRP’s compliance with Anti-Money Laundering (AML) regulations, ensuring that professional services offered by the company meet all legal and regulatory requirements. This includes, acting as Nominated Officer to received internal suspicious activity reports, and submitting reports to the relevant regulatory authority, ensuring the FRP’s policies align with regulatory and professional standards, and acting as the primary point of contact for regulatory authorities. The role is critical in safeguarding FRP’s reputation and ensuring client trust.


Main responsibilities

  • Ensure FRP adheres to all relevant AML regulations and industry guidelines specific to the professional services sector.
  • Develop and maintain a robust AML compliance framework that is integrated across FRP’s various service lines.
  • Keep abreast of AML regulations, legal changes, and trends affecting professional services firms.
  • Advise on client engagements and financial transactions to help assess the risk profile of professional services clients and transactions, including any requirement for defence against money laundering applications.
  • Advise on assignments where sanctions may apply.
  • Acting as Nominated Officer and ensuring accurate and timely submission of suspicious activity reports (SARs) and/or DAMLs and other regulatory filings.
  • Act as the key liaison with regulators, law enforcement, and other relevant authorities on AML matters, including annual inspection visits by ICAEW
  • Draft, implement, and update the FRP’s AML policies and procedures to reflect industry best practices and regulatory requirements, ensuring they are tailored to the activity of FRP
  • Conduct regular reviews and risk assessments of FRP’s exposure to money laundering risks.
  • Conduct periodic audits of AML procedures within FRP to ensure compliance and identify potential weaknesses.
  • Arrange AML training tailored to the professional services sector to staff at all levels, ensuring awareness of their responsibilities in identifying and reporting suspicious activities.
  • Serve as a point of reference for AML-related queries and provide ongoing advice to staff.
  • Manage FRP’s network of Assistant Money Laundering Reporting Officers.
  • Maintain comprehensive and secure records of all AML-related activities, including client due diligence records, training logs, and internal reports.
  • Work closely with the FRP’s senior management, legal team, and risk committees to ensure a holistic approach to AML compliance across all business units.
  • Provide regular updates to the board or senior leadership on AML risks, compliance status, and regulatory developments.


About the candidate

This a great opportunity to join a forward-looking team so would suit a proactive, commercially minded candidate with a background in professional services. FRP is a firm that creates the space for people to grow, and people who thrive here tend to be those who seek out opportunities to get involved in wider initiatives and make a difference across the firm.

Educational Background: Bachelor’s degree (or equivalent) in law, finance, business administration, or a related field is desirable. A legal or risk management background in professional services is preferred.

Certification: Relevant AML qualifications (e.g., ICA, CAMS) would be advantageous but not essential.

Experience: Minimum of 5 years of experience in AML compliance, risk management, or financial crime within a professional services firm or a similar environment.


Skills and qualities

  • Curiosity
  • Commitment to ongoing learning
  • Strong organisational skills and the ability to handle multiple priorities within tight timescales.
  • First-rate written and oral communication skills
  • A collaborative, team oriented and 'Firm first' mind-set
  • Ability to take ownership for and meet deadlines in a fast-paced environment
  • Respectful to others, regardless of their position, and earns the respect of others
  • Personable, confident and able to build relationships with the Firm
  • A high level of integrity
  • A "can do" and positive attitude
  • Creates a positive impression at all times; develops relationships through collaboration and reciprocity


Why join FRP

FRP is a leading business advisory firm. Founded in 2010 we are AIM listed and have over 800 people including 100 partners working across multiple locations. Specialising in Forensics, Corporate Finance, Debt, Restructuring and Financial Advisory, we deliver strategic solutions across a broad range of situations.

We are straightforward, confident, pragmatic and real, with clients often commenting on the authenticity of our values. We provide motivated people a canvass from which to develop their career.

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