Compliance Manager & MLRO

Recruiter
Anonymous
Location
London
Salary
50000.00 - 60000.00 GBP Annual + GBP50000 - GBP60000/annum
Posted
10 Jun 2017
Closes
08 Jul 2017
Category
Accounting
Function
Consultant
Contract Type
Permanent
Hours
Full Time
Northreach are seeking an experienced Compliance Manager / MLRO to work with a successful and growing international payments institution at their head office based in the City of London.

The company is very dynamic and innovative in their approach, using the latest in leading edge technology allowing customers to transfer money with ease.
The development and growth of the business depends on employing the right people who can bring new ideas to the table and want to make a difference in the world of FinTech.

Key Responsibilities for the Compliance Manager

Establishing and maintaining relationships with piers and senior stakeholders of the business (Internally and Externally)
Monitoring and mitigating Risk
Conduct internal Audit activities
Developing and maintaining risk-sensitive AML systems and controls
Transaction monitoring and reporting
Training of new policies and procedures introduced by the Compliance Manager

Compliance Activities

Creating and maintaining compliance systems and controls
Ensuring compliance documentation and policies are up to date
Monitoring of compliance systems and controls

Risk Monitoring

Risk Assessment reviews
Risk Monitoring and mitigation

Board Reporting

Ensuring that the Board is kept fully informed of compliance arrangements, internal audit, and risk monitoring and mitigation activities.
Ensuring that any periodic reports on the above activities are communicated to and considered by, the Board
Report to the Board on a periodic basis information such as details of changes to, and the operation of systems and controls, training provided and suspicious activity

Risk Systems and Controls

Establishing appropriate and proportionate AML systems and controls
Day-to-day monitoring of the operation of the AML systems and controls
Responding to the FCA, or law enforcement, following a request for information
Ensuring that AML systems and controls are fully documented

What we are looking for

Minimum two years' experience in a FCA compliance role a Payment Institution (preferably an Internet Payment provider) or as a regulatory consultant
Fluency in French is an advantage
Knowledge of Visa and MasterCard regulations
Knowledge of crypto-currencies, risks and regulations
Proven experience in the understanding and interpretation of regulation within the payment industry and the implementation of solutions to address regulatory requirements
Detailed knowledge of the FCA Handbook
In-depth experience of monitoring and the ability to develop compliance monitoring programmes and techniques
Technical and practical expertise of money laundering regulations
Strong oral and written communication skills
Available for travel