Deputy Money Laundering Reporting Officer (DMLRO)
London | Permanent | Full-Time
Please only apply if you have relevant experience from a Bank or Asset Manager.
An established international banking organisation is seeking an experienced Deputy Money Laundering Reporting Officer (DMLRO) to join its Financial Crime Compliance team in London.
This is a senior second-line compliance role offering the opportunity to work closely with the MLRO and senior leadership team, helping to shape and strengthen the organisation’s Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), and wider Financial Crime framework.
The successful candidate will act as a key subject matter expert across financial crime matters and will deputise for the MLRO where required.
Key Responsibilities
- Support the MLRO across all AML/CTF and financial crime activities
- Deputise for the MLRO in their absence on AML/CTF-related matters
- Conduct periodic monitoring and reviews of customer accounts and transactional activity
- Review and approve Enhanced Due Diligence (EDD) files for high-risk customers
- Review sanctions and payment screening alerts, including SWIFT payment investigations
- Assist with the development, implementation, and enhancement of AML policies and procedures
- Monitor regulatory developments and ensure compliance frameworks remain aligned with evolving requirements
- Prepare internal and external suspicious activity reporting where appropriate
- Support the delivery of financial crime training across the business
- Produce management information and contribute to senior management and annual MLRO reporting
- Maintain effective relationships with regulators, law enforcement agencies, and external industry bodies
- Manage and develop members of the Financial Crime Compliance team
Requirements
- Previous experience operating as a Deputy MLRO within Banking (HNW,UHNW)
- Strong working knowledge of:
- UK Money Laundering Regulations
- FCA Handbook
- JMLSG Guidance
- Proceeds of Crime Act
- Terrorism Act
- Sanctions and financial crime frameworks
- Experience reviewing high-risk customer relationships and complex financial crime cases
- Strong stakeholder management and communication skills
- Ability to work independently and manage competing priorities effectively
- Professional qualification in Financial Crime Prevention or Compliance preferred (ICA qualifications advantageous)
- Strong analytical and investigative capabilities
- High levels of integrity and professionalism
- Proactive and solutions-focused approach
- Excellent organisational and communication skills
- Collaborative team player with strong leadership capability
- Commercial awareness and sound judgement
What’s on Offer
- Opportunity to work within a respected international banking environment
- Broad exposure to complex financial crime matters
- Senior stakeholder engagement and leadership exposure
- Career progression toward MLRO-level responsibility
- Competitive salary and benefits package
If you are an experienced Financial Crime professional looking to take the next step in your career within a dynamic and regulated environment, we would welcome your application.
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