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MLRO Head of Financial Crime

  • Location: City of London
  • Salary: £130,000 per year
  • Job Type:Permanent

Posted 7 days ago

  • Sector: Financial Crime & Fraud
  • Contact: Pritesh Chudasama
  • Contact Email: pchudasama@merje.com
  • Contact Phone: 02036371607
  • Expiry Date: 23 December 2022
  • Job Ref: PCH/19822

​Head of Financial Crime Manager & MLRO required for a brokerage that specialised in Commodities, FX, Equities and Fixed Income.

Responsibilities of the MLRO include:

•Report to the Board, Compliance Director, including an annual MLRO’s report to the Board

•Design, develop and implement a financial crime strategy across the business Manage and lead the financial crime onboarding team

•Chair and run the Financial Crime Committee as well as delivering monthly management information report which summarises any issues, control weaknesses and plans for resolution

•As the MLRO, ensure all financial crime obligations are met

•Implement and design a periodic review process for high-risk clients to be conducted annually

•Oversee and implement a financial crime framework that includes fraud, ABC controls, tax evasion and CTF controls

•Ensure appropriate policies and procedures and risk documents in relation to financial crime are established and implemented across the business

•Liaise with audit and compliance monitoring as appropriate and ensure any control gaps are successfully resolved and mitigated

•Deliver quarterly AML and financial crime MI to the Board and also annually through the annual MLRO report, and to the FCA as required

•Oversee and manage the AML screening controls for sanctions, PEPs and adverse media

•Investigate, review and approve all PEP related relationships including high risk PEPs, corporates owned or controlled by PEPs and State-Owned Entities

•Provide AML and financial crime compliance advice to the business and management

•MLRO to manage the firm's financial crime systems and controls to identify, assess, monitor and manage money laundering risk

•Investigate SAR transactions flagged as suspicious and submit to NCA and ensure trend analysis is conducted and shared with the Board

•MLRO is required to ensure all employees complete their regulatory training annually including financial crime

With over 100 years of history in London, the firm is a leader in the futures industry providing clearing and brokerage services into all major investment markets. Headquartered in London, they are supported by a network of sister companies around the globe. They clear over 180 million derivatives contracts a year on behalf of banks, institutional investors, corporates, trade clients, and high net worth individuals.

Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.