Deputy MLRO

We are looking for a
Deputy MLRO
to join our team in London, and play a critical role in shaping our regulatory framework and risk culture.

As part of our ongoing growth and commitment to strong governance, we are seeking a Deputy MLRO to support the MLRO in ensuring the company's full compliance with regulations and best practices.

Overview of the role:

The Deputy MLRO will act as a key member of the Compliance function, supporting the MLRO in the development, implementation and ongoing oversight of the company's Anti-money laundering legislation, regulatory rules, and industry guidance across the organization. This role ensures that the company maintains strong systems and controls to detect and prevent financial crime, while promoting a strong culture of compliance across departments.

Responsibilities:

• Support the MLRO in maintaining and enhancing the company's AML and financial crime regulations in line with the FCA
• Act as alternative point of contact for the FCA in MLRO's absence
• Oversee the design, implementation and maintenance of the AML policies, procedures and internal controls.
• Contribute to the company's Annual AML risk assessment
• Conduct and oversee enhanced due diligence for high-risk customers
• Review transaction monitoring alerts and investigate potential suspicious activity
• Responsible for anti-money laundering (AML) compliance providing oversight, control, support and coordination for anti-money laundering compliance
• Manage the entire compliance members of the firms both locally in the UK and abroad.
• Manage Financial Crime Prevention function supporting and protecting the business against Fraud and Money Laundering Risk, Internal Fraud, Security and related reputational risk ensuring that the needs of all stakeholders are met.
• Maintain relationships with the firm banking partners.
• Own all aspects of the Compliance framework
• Responsible for the development, implementation and maintenance of an effective tactical and strategic anti-money laundering program
• Understand and have continuing knowledge of all local AML requirements to ensure that the AML program is consistent with all applicable local laws, regulations and rules and that the AML program is updated, as required, in light of changes to local laws, regulations and rules
• Develop and manage a regular monitoring and reporting process to inform senior management, the audit committee and the board, as necessary and required
• Ensure that all activity and transactions that are identified as potentially suspicious are investigated, reviewed and resolved in accordance with established procedures
• Manage AML Compliance Teams to address issues raised in internal audit reports, self-assessments, compliance reviews or regulator's examination about AML policy
• To personally manage and where appropriate carry out high profile/sensitive investigations
• Establish and maintain liaison with local/county/regional and international financial industry representatives to proactively identify current fraud trends, criminal activity and the identification of organised criminal groups and influence security best practices
• Liaison with national and international law enforcement entities and liaison with local financial industry representatives to proactively identify fraud trends/criminal activity and organised criminal attacks.

Knowledge/Experience:

• 5 years of experience of working as a Compliance officer or deputy MLRO within a Payments Industry/Electronic Money Institution in UK and ideally in EEA.
• AML / CTF advisory experience and good working knowledge of SARs regime
• Working knowledge of the legal and regulatory obligations for UK; including MLRs PSRs and EMRs
• Excellent communication skills both written and verbal
• Credible stakeholder engagement skills to align with our organisational values and behaviours
• Strong leadership skills

Company Profile:

Payine is a regulated Electronic Money Institution (EMI) licensed under the FCA, offering dedicated business accounts through a seamless, all-in-one platform designed to simplify cross-border payments with ease and efficiency. Payine empowers business with dedicated IBANs, corporate cards, and support for various payment rails, making it easy to send and receive funds locally and globally.

All applications will be treated with the strictest confidence. Only successful applicants will be contacted.

DATA PROTECTION NOTICE (GDPR)

By submitting your application to Payine, you acknowledge that your personal data will be processed in accordance with the General Data Protection Regulation (EU) 2016/679 (GDPR) and applicable local data protection laws.

Your personal information will be used solely for recruitment and selection purposes, including the evaluation of your suitability for the role and contacting you regarding your application.

Your data will be securely stored and accessible only to authorized HR and management personnel involved in the recruitment process. We will retain your information only for as long as necessary to complete the recruitment process or as required by law.

If your application is unsuccessful, your details may be retained for a limited period in case of future suitable openings, unless you request otherwise.

You have the right to request deletion of your personal data at any time by contacting us at

By applying for this position, you consent to the processing of your personal data for recruitment purposes as described above.