Deputy MLRO (Money Laundering Reporting Officer) - Sterling Williams LTD : Job Details

Sterling Williams are currently working with an FCA Licenced E-Money Institution based in the West End of London who are looking to hire a Deputy MLRO on a permanent basis.

Compliance is at the heart of the business and is led by an experienced MLRO and Senior Managers; this role will add real impact and leadership, and will be a highly valued team member.

• Deputy MLRO
• Permanent
• Salary circa £80 - £85,000 pa plus benefits
• West End Based (Mayfair) - 4 days in the office and 1 day from home.

What You’ll Be Doing: As Deputy MLRO, you’ll play a critical role in protecting the business and their customers by ensuring compliance with AML regulations and leading operational excellence in onboarding and monitoring.

Responsibilities will include:

• Onboard customers, carrying out KYC and AML compliance checks in line with the Company’s onboarding policies and procedures (all non-Financial Institution/non FI’s clients).
• Act as a point of escalation for high-risk clients.
• Oversee daily transaction monitoring and data validation.
• Investigate and review transactions that have exceeded set thresholds.
• Monitor transactions and KYC applications for unusual activity, investigate and create reports of suspicious activity and usage patterns.
• Assist with the Company’s regulatory and legal concerns and update internal policies and procedures.
• Lead Monthly Management Information collation for the Board.
• Lead Risk Calibration and Compliance Systems implementation.
• Provide ad hoc assistance to the Chief Compliance Officer/MLRO on projects, senior management queries and requests.
• Assist with the Compliance Monitoring Plan and Quality Assurance activities.
• Deputise for the Chief Compliance Officer/MLRO when required, including at Risk Committee meetings, where you will take Minutes.
• Managing a small team of associates and analysts

The successful candidate will have:

• Proven experience as a Senior Compliance Officer/Financial Crime Manager or Compliance Manager (6 years plus).
• Experience in managing a team, having developed strong communication skills.
• Solid experience in risk management.
• Strong knowledge of legal requirements and controls (e.g. EU Money Laundering Directives).
• Familiarity with industry practices and professional standards.
• Risk Calibration for Transaction Monitoring and Onboarding systems.
• Experience in compliance systems implementation is a plus.
• Knowledge of Blockchain/Cryptocurrency, and/or experience in a Fintech/EMI would be beneficial
• A BSc/BA in Law, Finance, Business Administration, and/or a professional certification (e.g. ICA) is a plus.