Head of Compliance and Money Laundering Reporting Officer (MLRO) - London - £90K-£100K + benefits

Job Title: HEAD OF COMPLIANCE & MONEY LAUNDERING Reporting OFFICER (MLRO)

Location: London

Salary: £90K to £100K + benefits

About the role

The Head of Compliance and Money Laundering Reporting Officer’s fundamental accountability within this leading UK casino operator is to ensure the casino's full compliance with all regulatory, legal, and industry requirements and is empowered to provide regulatory reporting and advice, manage relationships with regulators, and identify areas for regulatory improvement.

The role oversees the compliance framework, internal controls, policies, maintains the casino's licenses, and provides evidentiary support for law enforcement and civil processes, including court appearances on behalf of the company.

Key responsibilities include

• Ensuring compliance with anti-money laundering (AML) and counter-terrorism/proliferation financing (CTF/P) and Proceeds of Crime (PoC) regulations.

• Ensuring appropriate Customer Due Diligence (CDD), Standard Due Diligence (SDD) and Enhanced Due Diligence (EDD) for all members.

• Maintaining records for Politically Exposed Persons (PEPs) and Special Interest Persons (SIPs).

• Monitoring high-risk members and reporting to senior management.

• Reviewing and updating AML processes and the risk management framework.

• Handling Suspicious Transaction Reports (STRs) and Suspicious Activity (SAR) reporting to the National Crime Agency (NCA) as necessary.

• Collaborating with external agencies such as the Police, HMRC, NCA, and the Gambling Commission (GC).

• Continually improving compliance policies, procedures, and processes.

• Working with the Compliance Operations Team to regularly review AML systems and processes.

• Managing the regulatory compliance and risk policy, procedures, and guidance.

• Developing and implementing the annual assurance plan and remedial action plans.

• Overseeing the Safer Gambling strategy and managing compliance-related projects.

• Completion of AML/CTF/P Risk Assessment.

This role is critical in advising senior management on potential risks that could affect the company’s ability to hold necessary licenses or harm its reputation as a leading UK casino operator.

• Reports to: Chief Operating Officer.

• Contract: Permanent, full time (40hrs a week, flexible working hours).

• Location base: London.

• Salary Banding: £90,000 - £100,000pa.

• Benefits: 33 days annual leave (inc of bank holidays).

• Employee Assistance Programme that offers GP consultations & financial support advisory.

• 8% immediate contributory enrolment into the Peoples Pension (3% employee 5% employer).

• Cycle to work scheme Season Ticket Loan Localised discount deals.

Entry Requirements

• Minimum 3 years experience in a Regulatory Compliance or AML management role, ideally within the gambling industry.

• Demonstrated operational and regulatory analysis, and report writing experience.

• Proven track record in developing regulatory related policies and operating procedures.

• Holds a UK PML or has the ability to obtain said industry license.

Essential Knowledge

• Understanding and application of Anti-Money Laundering regulations to business processes. Strong knowledge of regulatory frameworks and risk mitigation strategies.

• Advanced people management experience including talent pooling and succession planning.

• Ability to analyse regulation and ensure compliant, and operationally efficient application.

• Experience of compliance reporting and monitoring systems.

• Advanced risk evaluation and prevention techniques.

Essential Skills and Personal Characteristics

• Support service focused.

• Leads by example.

• Exceptional written, reporting and spoken communication skills.

• Is a team player.

• Ability to multi–task – organised, methodical and efficient.

• Individual of highest integrity.

• Emotionally and culturally intelligent influencer and negotiator.

• Positive.

• Manage time and meet deadlines with attention to detail.

• Courteous & Professional.

• Strategic and creative leader focused on core priorities.

• Self motivator.

• IT literate.

• Innovative and nimble approach.

• Problem solver with ability to identify when to seek support.

• Takes responsibility & accountability.

TO FIND OUT MORE AND/OR TO APPLY PLEASE SEND A COPY OF YOUR CV TO PAUL@GRS-RECRUIT.COM

(Position Filled) Head of AML & CTF/MLRO - London - Salary: Negotiable

Job Title:                    (Position Filled) Head of AML & CTF/MLRO    

Location:                   London

Salary:                        Negotiable

Job Purpose Statement:

• Head of Anti Money Laundering (AML) and Counter Terrorism Financing (CTF) champions a culture of crime prevention and good financial monitoring across the business to ensure that it complies with its AML legal and regulatory obligations as well as internal policies and procedures - maintaining legal and ethical integrity. 

• They will support the business to make decisions and deliver a service that protects and enhances the reputation of the company.

• The Head of AML & CTF is expected to support the CRO in providing effective risk management in a highly regulated and fast paced environment and enable the business operations to effectively and efficiently manage financial crime risks across all aspects of the business, this will include (but not limited to):

  • Develop and manage the company’s AML policy

  • Design and maintain effective AML risk assessments

  • Direct responsibility for the AML function

  • Develop and report on key AML risk indicators

  • Implement robust and effective due diligence procedures in respect of all aspects of AML requirements

  • Manage timely and accurate reporting for all aspects of the AML function and money laundering reporting requirements.

• The role will be focused on raising awareness and providing advisory for AML & CTF regulatory aspects of the business, ensuring best practice is followed and adhered to and that risk is minimised.

• The role will be a key contact for senior managers, other business stakeholders, external industry bodies and law enforcement. 

• The Head of AML & CTF is responsible for ensuring that the business has the requisite knowledge and understanding to ensure it complies with all relevant AML and CTF regulations.

• Operating with effective Know Your Customer (KYC) processes to ensure that customers are only spending what they can afford is key to any gambling licensed business and the Head of AML & CTF will be expected to lead on ensuring that KYC best practices are developed and applied.

• As the Company’s Money Laundering Reporting Officer (MLRO) the role includes responsibility for identifying potential threats to the company and fulfilling its legal reporting requirements. 

• The role also includes responsibility for the company’s anti-bribery and corruption policy and providing subject matter expertise and advice to senior stakeholders and department heads on developing policies and operating frameworks that include any element of AML related requirements.

Skills and Knowledge

Entry Requirements:               

• Minimum 3 years experience in a similar role, ideally within the Gambling industry.

• An excellent knowledge of anti-money laundering and counter terrorist financing risk mitigation measures.

• Proven track record in developing anti money laundering related policies and operating procedures.

• Ideally, a valid Gambling Commission personal management licence holder.

Essential:

• Knowledge of AML Laws and Regulation and MLRO requirements, including the requirements relating to the UK Gambling Act 2005 and the Gambling Commission’s License Conditions and Codes of Practice (non-remote).

• Strong knowledge of regulatory frameworks and risk mitigation strategies.

• Understanding of Data Protection requirements.

Desirable:

• Knowledge of the UK Gambling Act and Gambling Commission’s License Conditions and Codes of Practice (remote).

• Understanding of the Gambling Commission’s License Conditions and Codes of Practice relating to Social Responsibility requirements.

• Awareness of gambling industry related third party organisations and trade associations, e.g., GAMLG and the British Gambling Council.

• Understanding of gambling products.

To find our more or to apply for the role please send a copy of your cv to steven@grs-recruit.com