BigeDirect is currently in the process of application for a Payment Institution Licence offering Payment Initiation Services to E commerce Merchants throughout Europe as part of the 2nd E money Directive.
We are looking for a Compliance Manager MLRO initially on a part time basis (two to three days per week). We have a flexible attitude to working hours and support a high level of home working.
The Compliance Manager / Money Laundering Reporting Officer (MLRO) is responsible for providing regulatory support to ensure that the required levels of adherence to current financial services, AML and compliance regulations are consistently met.
Carrying out daily, weekly and monthly reviews of company activities to ensure that its staff and the third parties that work for the business are meeting the required standards in respect of Anti Money Laundering and Compliance legislation
Provide recommendations for systems and procedure enhancement in regard to countering financial crime risk
Assist in the development and implementation of an effective legal compliance program
Create sound internal controls and monitor adherence to them
Draft and revise company compliance and internal policies
Proactively audit processes, practices and documents to identify weaknesses
Evaluate business activities (e.g. investments) to assess compliance risk
Collaborate with external auditors and HR when needed
Set plans to manage a crisis or compliance violation
Advise the executives and employees on changes to the laws affecting the company.
Address employee concerns or questions on legal compliance
Keep abreast of internal standards and business goals
Liaising with the regulatory authorities
Ensures client onboarding is in line with company policies, procedures and is in line with corporate risk appetite
Ensures transactions are monitored and in line with policies, procedures and corporate risk appetite.
Acts as secretary to the Risk and Audit Committee
Helps other team members with any issues they may encounter so as to maintain overall team effectiveness.
Preferably a Bachelor’s degree in Finance or Banking or Legal
A minimum of 2 years’ experience in AML / compliance
ICA Diploma or equivalent
Knowledge of legal requirements and controls (e.g. Anti-Money Laundering, or AML)
Familiarity with current industry practices and professional standards
Excellent communication skills
Integrity and professional ethics
Experience in risk management would be considered an asset
Proficiency in Microsoft Office applications
Highly-developed sense of teamwork and cooperation
Attention to detail
Pro-active and able to work on own initiative
75K Pro rata