Deputy Money Laundering Reporting Officer

Overview

We are seeking a qualified and experienced DMLRO and Compliance Officer to join our dynamic team at Altery. This pivotal role combines critical compliance functions, ensuring the organisation remains aligned with anti-money laundering (AML) regulations and robustly manages financial crime risks.

Responsibilities

• Support the Money Laundering Reporting Officer (MLRO) in discharging their duties and responsibilities, including ensuring compliance with applicable Anti-Financial Crime regulations and guidance.
• Conduct compliance risk assessments to identify potential risks and ensure the AFC programme meets regulatory and company standards; monitor and evaluate processes to align with the company’s risk management framework.
• Utilise data to assess the effectiveness of controls and facilitate ongoing testing implementation.
• Develop and maintain AFC policies, procedures, and controls; provide oversight on AFC compliance matters, including periodic reviews and audits.
• Ensure timely submission of regulatory reports and responses.
• Engage with regulators and authorities (e.g., FCA, NCA) and submit Suspicious Activity Reports (SARs) when there is suspicion of money laundering or terrorist financing.
• Collaborate with law enforcement and regulatory authorities in AML investigations and provide requested information.
• Establish a clear reporting structure to ensure that suspicious activities are reported promptly to the nominated officer.
• Participate in assessing the risk of financial crime and contribute to the development and implementation of AML policies and procedures.
• Draft internal reports such as Management Information for the Group Financial Crime Committee and Business-Wide Risk Assessments.
• Contribute to the development and delivery of training materials and oversight of business-wide training completion.
• Collaborate with other departments to facilitate communication and cooperation on AFC compliance and stay informed of changes in AML laws and regulations.

What you’ll bring to us

• Previous Experience: Proven experience in a similar role, ideally as a DMLRO, Compliance Officer, or related compliance position within financial services or fintech.
• Risk Assessment: Proven experience in compliance-related risk assessment such as Business-Wide Risk Assessment and Enterprise-Wide Risk Assessment.
• Control Testing: Strong experience in control testing projects or quality assurance controls.
• FCA Reporting: Familiarity with Financial Conduct Authority (FCA) reporting requirements, ensuring timely and accurate submissions in line with regulatory expectations.

What we offer

• Team and product-focused environment with collaborative culture.
• Growth opportunities and career development.
• Flexible working arrangements and hybrid working options.
• Local market perks and insurance coverage where applicable.

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