Money Laundering Reporting Officer

2 weeks ago

London, United Kingdom Handelsbanken Full time

Job Introduction
The Money Laundering Reporting Officer (MLRO) is a Senior Management Function (SMF 17) under the rules of the FCA. The MLRO is responsible for oversight of the Bank’s compliance with the FCA’s rules on systems and controls against money laundering (SYSC 6.3.9). The MLRO assumes the inherent responsibilities of the role of MLRO.

The role is on a 9-month contract basis.

Main Responsibilities
- Responsibility for oversight of the Bank’s compliance with the FCA's rules on systems and controls against money laundering SYSC 6.3.9
- Provide appropriate expertise to the business as a key point of reference in accordance with SYSC 6.3.10
- Act as Nominated Officer
- Provide key input into and challenge of, the Bank’s anti-money laundering (AML), terrorist financing, financial sanctions, Fraud, anti-bribery and corruption (ABC) and tax evasion policies, frameworks, tolerances and indicators
- Develop and maintain detailed knowledge of appropriate legislation, regulations and guidance published by the UK, EU and other regulatory bodies
- Assess and advise on suspicious activity reports escalated to the MLRO and report, or ensure appropriate reporting, to the National Crime Agency, as necessary, ensuring documentation of all cases, including those where no further action is taken
- Liaise with law enforcement agencies
- Using a risk-based approach, regularly assimilate information on new trends, patterns and methods that may be used in financial crime
- Oversight of, and input into, development and implementation of systems & controls, instructions, training programmes and guidance to assist branches and other entities to build and maintain a business with high levels of operational rigour, and which comply with our regulatory obligations
- Preparation of relevant reports for management reporting, including the annual MLRO report
- Support Financial Crime Prevention S and the business in assessing potential anti-money laundering matches, such as Sanctions, Politically Exposed Persons and adverse media checking
- Oversight of change management in relation to financial crime prevention matters
- Advise on Anti Money Laundering/Counter Terrorist Financing, Sanctions, Fraud, Anti-Bribery and Corruption and Tax Evasion implications of new products, services or channels
- Actively promotes and ensures adherence to the Bank's Risk Management framework (including sub-frameworks) and relevant risk and compliance policies and procedures, ensuring timely and appropriate escalation of concerns to relevant senior stakeholders.

Governance Committee Memberships
- Attendee of the Management Risk & Compliance Committee
- Chair of the Financial Crime Risk & Compliance Committee
- Member of the Product Committee
- Member of the Customer Committee

Direct Reports
- Deputy MLRO
- Financial Crime Risk Managers
- Fraud Manager
- Delegated Nominated Officers

This role falls within the Senior Manager and Certification Regime which requires the job holder prior to commencing the role to be approved by the Regulator confirming that they are “fit and proper” to carry out this role i.e.
- demonstrates honesty and integrity
- competence and capability
- financial soundness.

In addition Criminal record (DBS) and credit checks and regulatory references will be taken as appropriate, which may involve contacting former employers.
- have experience and understanding of risk management in the Financial Services Industry (either within first line, second line or Internal Audit);
- have extensive financial crime experience (AML, Sanctions ABC), ideally in a UK financial services organisation;
- have a detailed understanding of the UK regulatory environment relating to financial crime;
- be able to demonstrate strong communication skills, both written and verbal including being able to translate risk matters to non-risk professionals in a clear or simple way;
- be comfortable challenging and influencing stakeholders including senior management;
- be approachable and also be proactive to engage with the business;
- be able to balance the risk and reward and being prepared to make a decision / recommendation;
- be able to provide an independent view of risks and having the courage to express them;
- be able to work on their own initiative and enjoy the responsibility of delivering outcomes;
- be highly organised yet flexible;
- have experience in the key responsabilities above would be beneficial

About The Company
Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.

The Bank is deeply committed to embedding good equality and diversity practice into all of ou

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