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DMLRO

Isle of Man
Permanent
 
DMLRO
We are working for an international money transmission company that is growing on the Isle of Man. They have a small team here and they are looking to hire a DMLRO.
 
Primary Responsibilities & Expectations:
Monitoring and Reporting:
  • Assist the MLRO in monitoring and analysing transactions for suspicious activity.
  • Conduct transaction monitoring, ensuring timely review and investigation of alerts.
  • Prepare and submit Suspicious Activity Reports (SARs) to the relevant authorities promptly.
  • Maintain accurate records of all reported suspicious activities and the outcomes of investigations.
PEP, Sanction, and Adverse Media Reviews:
  • Conduct thorough reviews of alerts related to Politically Exposed Persons (PEPs), sanctions, and adverse media.
  • Ensure proper documentation and escalation of any identified risks or issues.
Compliance Management:
  • Ensure compliance with the Isle of Man's AML regulations and internal AML policies.
  • Keep up-to-date with changes in AML laws and regulations and update the company's policies accordingly.
  • Conduct periodic reviews of AML policies and procedures to ensure their effectiveness.
Training and Awareness:
  • Develop and deliver AML training programs for staff to ensure awareness and understanding of AML requirements.
  • Provide guidance and support to staff on AML-related issues.
Risk Assessment and Management:
  • Assist in conducting AML risk assessments for new and existing clients.
  • Implement risk mitigation strategies and ensure they are effectively communicated to relevant stakeholders.
Audit and Reporting:
  • Assist in internal and external audits related to AML compliance.
  • Prepare and present reports on AML activities and compliance status to senior management and the board.
Client Onboarding:
  • Oversee the client onboarding process to ensure compliance with KYC and CDD requirements.
  • Conduct enhanced due diligence (EDD) for high-risk clients, including PEPs.
General Compliance Duties:
  • Ensure adherence to the Isle of Man Code by finding customer-centric solutions to comply with regulations.
  • Assist with the Compliance Monitoring Program to ensure ongoing compliance.
  • Provide guidance and feedback to the Global Onboarding team.
Customer Support:
  • Respond to customer support requests centered around compliance questions and issues.
  • Ensure timely and accurate communication with customers regarding compliance matters.
Coordination with Regulatory Bodies:
  • Liaise with regulatory bodies and law enforcement agencies regarding AML issues and investigations.
  • Ensure timely and accurate responses to regulatory inquiries and requests.
 
Key Skills and Experience:
  • Strong understanding of AML regulations, particularly those relevant to the Isle of Man.
  • Familiarity with global AML standards and best practices.
  • In-depth knowledge of KYC and CDD processes.
Analytical and Critical Thinking:
  • Excellent analytical skills to identify and assess potential AML risks.
  • Ability to interpret complex data and make informed decisions.
  • Strong problem-solving skills and attention to detail.
Communication Skills:
  • Excellent written and verbal communication skills.
  • Ability to effectively communicate AML requirements and procedures to staff and stakeholders.
  • Strong presentation skills for training and reporting purposes.
Leadership and Collaboration:
  • Strong leadership skills to guide and mentor staff in AML compliance.
  • Ability to work collaboratively with other departments and teams.
  • Experience in managing and coordinating AML-related projects.
Organizational Skills:
  • Strong organizational and time management skills to handle multiple tasks and priorities.
  • Ability to maintain accurate and detailed records for compliance purposes.
Technical Skills:
  • Proficiency in using AML software and tools for monitoring and reporting.
  • Familiarity with data analysis tools and techniques.
Ethical Conduct:
  • High level of integrity and ethical conduct.
  • Commitment to maintaining confidentiality and protecting sensitive information.
 
Key Skills & Experience
  • Bachelor's degree in Finance, Law, Business, or a related field. A Master's degree or professional certification (e.g., CAMS) is a plus.
  • Minimum of 5 years of experience in AML, compliance, or a related field within the financial services industry.
  • Proven track record of successfully
  • A full-time role however there is flexibility
  • Financial services background/experience.
Your specialist: Anne Murray
Quote job ref: 15067

Hi, I'm your specialist Anne and I can't wait to hear from you about this job. You can simply submit your CV or call me on 678144 with any questions.