Deputy Laundering Reporting Officer

Deputy Money Laundering Reporting Officer

Location : Petersfield, Bradford, Chatham, London

Salary :

Closing Date : Tuesday 12 November 2024

Deputy Money Laundering Reporting Officer

Location :
Bradford, London, Chatham or Petersfield

We are happy for you to be based in Bradford, Chatham or Petersfield but please note that occasional travel will be required to our other offices.

Working Pattern : Our working style is hybrid, but we recognise the importance of collaborative working with our colleagues often 1 to 3 days per week in one of our offices

Benefits : Discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, 2 paid days to ‘give back’, enhanced maternity pay (once successfully passing probation), 4 weeks paid paternity, Linked In Learning for all, Snoop Premium, Private Medical Insurance

Don’t hesitate to apply for a role even if you don’t meet all the criteria; your unique strengths and eagerness to learn can be just as valuable.

You and Your Team :

As a Deputy Money Laundering Reporting Officer you will be reporting to the Chief Compliance Officer.

In this role you will support the business in mitigating regulatory and legal risks and provide Financial Crime related guidance across all products. You will support the MLRO in developing and maintaining a compliant and effective financial crime framework across the group and act as the Nominated Officer for VBG.

In your day-to-day role, as a Deputy Money Laundering Reporting Officer you will :

• Provide guidance on daily AML / ATF / Sanctions / ABAC issues, ensuring alignment with regulatory compliance standards and industry best practices.
• Conduct and deliver expert AML / ATF / Sanctions / ABAC research, risk assessments, reporting, and analytical support.
• Oversee and challenge the 1st line Fraud Strategy and Operational teams to ensure fraud risk management aligns with risk appetite and fair customer treatment.
• Collaborate in developing and implementing effective AML / ATF / Sanctions / ABAC policies, processes, and controls.
• Offer thought leadership and share industry knowledge within your area of expertise.
• Contribute to the development, implementation, and maintenance of the Financial Crime Strategy and Risk Frameworks.
• Manage and direct resources in the Financial Crime team, including coordinating risk assessments, leading prevention projects, and maintaining the PEPs register.
• Oversee escalated Financial Crime investigations and ensure timely external reporting to the NCA.
• Support operational risk events impacting Financial Crime Compliance and track resolution.
• Support risk assessments for new or materially changed products.
• Deliver the annual MLRO report and contribute to awareness-raising and training for staff.

What will make you stand out?

The interview process :

Our average process takes up to 4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team throughout the process.

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.

Your working life : If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance. A fear of losing your current working flexibility shouldn't hinder you from applying for new…