Compliance Officer

4 months ago


Remote, United Kingdom Finaro Full time

**About the Role**

The UK branch Compliance Officer & MLRO will be accountable for managing the branch’s compliance with UK regulatory requirements and financial crime risks. The role holder will provide oversight for the UK operations on anti-money laundering systems and will act as the focal point for regulatory inquiries.
- Managing compliance with UK regulatory requirements and holding the MLRO role in the UK
- Collaborate with the VP Compliance & MLRO for the development and implementation of the risk-based compliance management program
- Manage Finaro’s licence with the PRA, ensuring all regulatory returns and responses to regulatory requests are accurate, complete and submitted on time
- Participate in the review and maintenance of compliance policies and procedures, including making sure the AML manual is kept up to date
- Monitoring UK legislative and regulatory developments that impact the business and notifying all stakeholders of relevant regulatory changes, conducting gap analysis and drafting and reviewing policies and procedures
- Ensure local compliance with the Group’s Policies and Procedures
- Monitoring AML/CFT risks relating to UK operations, submitting STR/SARs on suspicious transactions and replying to requests for information from the authorities, in a timely manner
- Collaborate with the VP Compliance & MLRO for the development and implementation of the AML program
- Collaborate with colleagues to assist in developing appropriate control measures to manage KYC, AML and the sanctions program
- Provide training, guidance and communication of AML risks, developments and trends to colleagues and management
- Identify and assess compliance and AML risks associated with the UK current and proposed future business activities, including new products and new business relationships
- Responsible for liaising with external regulators on compliance related matters and ensuring all information requested is submitted promptly and accurately to them
- Proactively audit processes, practices and documents to identify weaknesses, and creating sound internal controls to monitor adherence to same
- Reporting to the VP Compliance & MLRO and Branch Manager periodically on the implementation of the Compliance program for the UK operations

**Prescribed responsibilities**[1]**
- Responsibility for the firm’s obligations in relation to individual
- conduct rules for training; and
- conduct rules reporting
- Responsibility for the firm’s policies and procedures for countering the risk that the firm might be used to further financial crime

**Requirements**:

- At least five years’ professional experience working in AML and risk related roles at a bank, payment services provider, financial institution, bank, fin-tech company, financial regulatory agency, or professional services firm serving financial institution clients
- Bachelor’s in Finance, economics or law and/or professional certifications in compliance and financial crime will be considered as an asset
- Knowledge of UK regulatory requirements and understanding of payments, acquiring, gateway, e-money and banking products and services
- Experience of delivering or supporting the delivery of reporting to UK or European regulators and/ or other regulatory authority requirements
- Experience with STR/SAR reporting in the UK
- Experience of managing an AML compliance program
- Excellent problem solving skills and ability to provide useful and efficient counsel
- Excellent communication, negotiation skills


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