Money Laundering Reporting Officer (MLRO)

Money Laundering Reporting Officer (MLRO) to join an Online company with a focus on sports and casino, in a key compliance-focused role. The MLRO will oversee the organisation’s anti-money laundering (AML) and counter-terrorist financing (CTF) framework and act as the focal point for financial crime compliance, providing independent oversight, challenge and guidance. You will hold a current PML issued by the Gambling Commission in the UK.

The role is working fully remote and requires a candidate who is willing to operate as a self-employed individual. The role requires an immediate start.

What's on offer to you?

• Salary at marker rate to be discussed in line with experience
• The opportunity to provide independent oversight of the organisation
• Working closely alongside senior management and Board to escalate material financial crime concerns.

What You Will Be Doing

• Act as the organisation’s MLRO and, where applicable, Nominated Officer for suspicious activity reporting.
• Oversee compliance with applicable AML, CTF, sanctions and financial crime legislation, regulations and regulatory guidance.
• Maintain and regularly review the firm-wide AML/CTF risk assessment and ensure risks are appropriately identified, assessed, documented and mitigated.
• Develop, maintain and oversee AML/CTF policies, procedures, controls and monitoring programmes.
• Review internal suspicious activity reports and determine whether external Suspicious Activity Reports (SARs) or equivalent regulatory reports are required.
• Maintain appropriate records of internal disclosures, investigations, decisions and regulatory reporting.
• Challenge business decisions where financial crime risks are not controlled.
• Monitor regulatory developments and assess their impact on the organisation.
• Report material AML/CTF issues, trends, breaches and risks to senior management and the Board.
• Prepare periodic and, where required, annual MLRO reports covering the effectiveness of the AML/CTF framework and significant issues identified.
• Liaise with regulators, law enforcement, financial intelligence units and other competent authorities where required.
• Support regulatory inspections, audits and information requests relating to AML/CTF and financial crime.
• Ensure appropriate escalation of material financial crime risks, control weaknesses and suspected breaches.
• Maintain appropriate independence, authority, access to information and resources to perform the MLRO function effectively.