Money Laundering Reporting Officer (MLRO) - Contract

Salary Not Specified

One, City of Westminster

Posted 2 weeks ago, 17 May | Get your application in now before you miss out!

Closing date: Closing date not specified

job Ref: dfde8255275e43e2bda0d416280f31d6

To act as MLRO for One.io UK Limited ("ONE"), as required under Regulation 21(3) of the MLRs, Sections 337 and 338 of POCA, and Sections 21A and 21B of the Terrorism Act.

To protect the firm from compliance, financial crime, regulatory, reputational, and operational risk.

To assist the compliance function with fulfilment of responsibilities., To provide day to day advice, support and assistance ensuring compliance with local laws and regulations, the firms' policies and procedures and ONE compliance and business principles.

To provide the Board with reasonable assurance that the firm is in adherence with local laws, regulations etc., and effective controls are in place to mitigate risks.

To assess, report, escalate and track corrective action in respect of regulatory; legal; risk controls through to resolution.

To interpret regulatory rules, guidance, and practice and to ensure that the operating business and its employees are aware of what they need to do to comply with them.

As MLRO to receive internal Suspicious Activity Reports ("iSARs"), acknowledge receipt, investigate and where appropriate externalise to the National Crime Agency ("NCA"), ensuring that the SAR register is kept up to date, there is recorded evidence of decisions made and, where a SAR has been externalised appropriate actions has been taken to ensure that funds cannot be released from the customer structure without having sought consent from the NCA.

Monitor and manage compliance with, and the internal communication of, the policies, controls and procedures adopted by the Firm;

Maintain a record of its policies, controls and procedures, risk assessment and risk management including the application of such policies and procedures;

Apply measures to ensure that its policies, controls and procedures are taken into account in all relevant functions including in the development of new products, dealing with new customers and in changes to business activities;

Provide information to senior management about the operation and effectiveness of its policies, controls and procedures whenever appropriate and at least annually;

Be fully aware of both their and our obligations under the MLRs, POCA, Terrorism Law, Sanctions Act and JMLSG Guidance.

Be the first point of contact on compliance and Client Due Diligence ("CDD") issues and queries in the ONE office.

To ensure new employees receive AML/CFT/Compliance induction training before they are heavily involved in the day-to-day activities of ONE.

To work as member of the team to ensure that requests are dealt with in a timely manner and that advice is accurate and appropriate, so that compliance is seen as an asset to the business.

Working with the business to strengthen its compliance culture by being approachable, commercially minded, and striving to identify solutions.

Role model ONE's values and behaviours whilst supporting these in others to ensure focus on, and alignment to, our mission and vision.

Must have the appropriate knowledge, skill, and experience to fulfil the role.

Excellent organisational skills, creative but pragmatic approach and the desire to challenge the status quo to drive efficiency.

Build and develop relationships with a reputation for integrity and with the ability to evoke trust and openness in colleagues and regulatory and other bodies.

Ability to use analytical skills to solve problems/design solutions in complex/sensitive situations within the regulatory compliance framework.

Recognised internally and externally as a compliance and financial crime expert with excellent technical knowledge.

Started in 2017, ONE is an innovative provider of financial services which leverages new technologies to provide services to customers who have traditionally been overlooked and underserved by existing institutions. We bring financial inclusion to corporate customers across the globe, principally within the (1) gaming/gambling; (2) crypto; and (3) complex & offshore sectors.

An amazing team with strong values of: Ingenuity, Integrity, Unity and Dedication