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Deputy MLRO | SME Bank | City of London | Up to £65,000
City of London (4 days per week in office)
Salary: Up to £65,000 + benefits
Sponsorship: Not available – candidates must already hold the right to work in the UK without sponsorship
We are working with a well-established and growing SME bank based in the City of London. As the business continues to scale, they are seeking to appoint a Deputy MLRO to join their Compliance function. The Deputy MLRO will support the MLRO and Chief Compliance Officer in maintaining and enhancing the Bank's compliance and financial crime control framework, with a particular focus on Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and sanctions compliance. This role requires strong technical knowledge and the ability to engage confidently with stakeholders across all levels of the business.
The Role
- Operate under the SMCR Certification Regime, with responsibilities aligned to financial crime compliance
- Assist the MLRO in the effective design, implementation, and maintenance of the Bank's financial crime and compliance frameworks
- Support the management of AML, CTF, and Sanctions compliance programmes across the Bank
- Conduct reviews and investigations into unusual or suspicious activity, escalating findings as appropriate
- Draft, review, and submit Suspicious Activity Reports (SARs) in a timely and accurate manner
- Perform periodic enterprise-wide AML risk assessments and contribute to the preparation of the annual MLRO report
- Oversee client due diligence processes, including onboarding, periodic KYC reviews, and ongoing monitoring
- Provide subject matter expertise on complex structures including corporate accounts, SPVs, and syndicated lending; apply Enhanced Due Diligence (EDD) measures where appropriate
- Monitor and assess the impact of evolving UK sanctions regimes on the Bank's business and client base
- Act as Deputy to the MLRO, including attending relevant forums and decision-making committees in their absence
- Assist in drafting, reviewing, and maintaining compliance and financial crime policies and procedures in line with UK regulatory expectations
- Deliver AML and compliance training sessions and support wider staff awareness initiatives
- Support the preparation and coordination of regulatory inspections, internal audits, and external reviews
- Manage timely and accurate responses to regulatory enquiries and requests for information
- Provide day-to-day advisory support to front office and support functions on financial crime and compliance matters
- Contribute to regular and ad hoc management reporting relating to compliance and financial crime
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What We're Looking For
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Candidates must be able to demonstrate ALL the following:
- Minimum of 5 years' experience in Compliance or Financial Crime roles within a bank.
- Professional qualification in Compliance or Financial Crime (e.g. ICA Advanced Certificate/Diploma, ACAMS or equivalent)
- Strong technical knowledge of UK AML, CTF and sanctions regulations and best practice
- Familiarity with corporate and complex structures, such as SPVs and syndicated lending arrangements
- Proven experience conducting financial crime investigations and drafting SARs
- Excellent communication, analytical, and report-writing skills
- Ability to work independently
Please note: this role does not offer UK visa sponsorship. Applicants must already hold the right to work in the UK. The role is offered on a permanent basis, structured initially as a 12-month fixed-term contract with renewal subject to performance.
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