MLRO Remote
Job description
Shift Financial Services Ltd is a money transfer business based in West London, and authorised by the FCA as an API. We are looking for a full-time MLRO to start immediately. This position is remote, but occasionally we may request to meet when necessary.
The day-to-day responsibilities include, but are not limited to:
- Act as an Approved Person undertaking Controlled Function SMF17 to prevent money laundering.
- Develop and maintain the firm's anti-money laundering and counter-terrorist financing policy in line with evolving statutory and regulatory obligations.
- Support and coordinate management focus on the money laundering risk in individual business areas.
- Assist management in developing and maintaining an effective anti-money laundering and counter-terrorist financing compliance culture.
- Ensure that the firm's risk management policies, risk assessment profile, and application are adequately documented.
- In consultation with management, create and maintain the money laundering risk-based approach and the risk assessment of the firm's customers, products and services.
- Establish and maintain appropriate risk-based monitoring processes proportionate to the firm's operations' scale, nature, and complexity.
- Develop internal procedures in line with the requirements of the legislation and the relevant industry guidance.
- Document the firm's risk-based strategies and the basis for the risk assessment and monitoring.
- Ensure the immediate investigation of all internal suspicious activity reports received.
- Ensure the submission of a SAR to the relevant law enforcement agency regarding all suspicions that have substance.
- Ensure that all staff are aware of their personal obligations and the firm's policies and procedures and that the basis for the firm's risk-based approach is understood and applied.
- Ensure that staff comply with the stated policy and monitor operations and development of the policy to this end.
- Ensure that all relevant staff are adequately trained in money laundering and terrorist finance prevention, that the standards and scope of the training are appropriate, and that appropriate training records are kept.
- Regularly review the effectiveness of money laundering compliance policies and procedures to prevent money laundering and counter the financing of terrorism.
- Provide management information as necessary, including an annual report each year for the company board and senior management on the firm's compliance with its obligations.
- Make recommendations for action to remedy any deficiencies in policies, procedures, systems or controls and follow up on those recommendations.
- Represent the firm to all external agencies, e.g. regulators or law enforcement agencies, and in any other third-party enquiries related to money laundering prevention, investigation or compliance.
- Remain aware of any relevant sanctions, prohibitions or advisory notices. Also, if necessary, advise management and relevant staff of the names of any individuals and institutions on the sanctions list.
- Promptly respond to any reasonable request for information from the regulator and/or law enforcement agencies.
- Transaction Monitoring
- KYC and KYB Onboarding
Requirements:
- Minimum 2 years experience as an MLRO
- Minimum 5 years experience working in the financial services industry
- Excellent verbal and written English skills
- Flexibility, as you may occasionally be required to assist at odd hours
-
Preferences:
- CAMS or ICA certifications
- Experience working/communicating directly with the FCA
- Experience doing Transaction Monitoring
- Experience onboarding customers and businesses
- Experience working with High-Risk countries
Job Type: Full-time
Salary: £55,000.00 per year
Benefits:
- Company pension
- Work from home
Schedule:
- Monday to Friday
Work Location: Remote
