Description:
We have been exclusively appointed by our client, a growing international Foreign Exchange & Payments business with an exciting vision, to find a MLRO. Reporting directly to the CEO you will have oversight for all AML & Financial Crime issues. Detailed responsibilities will include;
- Liaise with all relevant business and support departments within the the firm
- Take ownership of the API regulatory process and subsequent supervision
- Ownership and management of all policies and procedure, with periodic review and updates
- Approve changes to documentation relating to compliance issues.
- Act as the first point of contact with the Regulators and Law Enforcement agencies, upon commencement and during an investigation as a result of filing a report to the NCA.
- Coordinate training to ensure staff are adequately aware of the compliance function and requirements in accordance with the rules and regulations.
- Design the internal practice, measures, procedures and controls relevant to the prevention of Money Laundering and Terrorist Financing and describe and allocate the appropriateness and limits of responsibility of each department involved.
- Maintain a Risk Management and Procedures Manual regarding Money Laundering, SARS and Terrorist Financing (AML Manual).
- Apply monitoring mechanisms to assess the level of compliance of the departments and Company employees.
- Give guidance for corrective measures where necessary and inform the Senior Management and Board of Directors where applicable
- Detect, record, and evaluate, at least on an annual basis, all risks arising from existing and new clients and merchants, new products and services and updates and amend the systems and procedures applied by the Company.
- Building, and taking accountability for, the AML/CTF risk management program and the undertaking of any AML/CTF risk assessment.