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MLRO & Financial Crime Director / Regulatory Director

Information About This Job

Job Title: MLRO & Financial Crime Director / Regulatory Director
Contract Type: Permanent
Location: London
Contact Name: Ben Kinley
Contact Email:
Job Published: about 2 years ago

Job Description

Our client is a big four management consultancy firm in London.
Within the professional services environment, the application of risk management procedures is fundamental to the successful delivery of our client services and promotion of our brand. Risk management encompasses the technical support and processes which support the delivery of service quality, contain the threat of litigation, limit damage to our reputation and achieve full fee recovery. 

The Risk Management (RM) team is responsible for the promotion and support of risk management within the business. RM's aim is to uphold our business standards, maintain and enhance the value of the firm, and ensure that the UK&I firm complies with the rules and regulations imposed either by external regulators or our internal guidance on the conduct of our business. 

The RM team is responsible for supporting the UK&I firm in the execution of and compliance with Global, Regional and local risk management policies and procedures. The team assists with the development, maintenance, communication and training of key RM policies, providing advice on complex risk matters and monitoring the application of these policies. The team works closely with the other central RM teams and the network of Quality specialists within the service lines. The team consists of a Risk Director, Money Laundering Reporting Officer, Data Protection Officer and supporting managers and associates. 

Regulatory Director - Financial Crime 

The successful individual will require FCA approval to act as the firm's Money Laundering Reporting Officer (MLRO). This role involves responsibility for the UK firm's compliance as well as oversight and liaison with our member firms in Ireland, Jersey, Guernsey, Isle of Man and Gibraltar. The role holder will also face off to Global and other member firms particularly in the EU and worldwide. He/she will represent the UK firm on the ICAEW’s Anti Money Laundering committee. 

Money Laundering, Sanctions and Bribery 

Act as the UK firm's designated MLRO, covering money laundering, sanctions and bribery regulatory compliance. 

Act as a subject matter expert in these fields by keeping up-to-date with legal, regulatory and industry practice developments, including assessing and responding to consultations. 

Receive, investigate and respond to suspicion reports. Maintain reports register. 

Act as point of contact with regulators; responding to queries and hosting regulatory inspections. 

Review firm's policies, assess business risk, monitor, update and amend as necessary. 

Provide training, communication, raise awareness and update the firm's knowledge repository. 

Conduct an annual review of compliance with all money laundering regulations. 

Oversight of MLRO activities in Ireland, Jersey, Guernsey, Isle of Man and Gibraltar.

Desired Skills and Experience

Essential skills and experience
  • Experienced regulatory compliance officer at a director or similar senior level with multiple year experience in a sophisticated, multi-service line business environment.
  • Previous experience as an AML Officer / MLRO is essential.
  • Track record of dealing successfully with regulators.
  • Proven ability to devise and implement appropriate system and process improvements.
  • Current FCA approval as a Money Laundering Reporting Officer. The firm will apply for the necessary approval for the role.
  • Proven ability to establish a high degree of credibility, respect and trust at all levels, but particularly with external stakeholders and regulators.
  • Ability to lead, take responsibility and act autonomously.
  • Ability to build relationships across the firm (jurisdictions and service lines), in particular with senior personnel.
  • Strong personal communication skills, capable of dealing with a wide range of staff.
  • Effective planning and organising skills to prioritise key areas of responsibility, tasks and projects.
  • Experience of team management and team leadership
  • Advanced analytical and problem solving.
  • Ability to take difficult decisions and provide substantiated arguments.
  • Negotiation and influencing skills.
  • Degree-level education and subsequent professional qualification, such as a qualified accountant, lawyer, or other regulatory compliance qualification would be an asset.

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