This is a Money Laundering Officer position for a Venture Capitalist backed Electronic Money Institution (EMI) in the UK. The client is a global Fintech company focused on innovation and excellence in the industry. The main responsibilities of the role include obtaining the EMI license, identifying financial crime risks, implementing controls, conducting risk assessments, providing training on AML/CFT, responding to regulatory queries, reporting suspicious activities, and collaborating with other departments to ensure compliance.
The ideal candidate will play a crucial role in obtaining the EMI license and engaging with regulators. They will be responsible for identifying and mitigating financial crime risks such as money laundering, terrorism financing, and proliferation financing. The candidate will also be in charge of designing, implementing, and improving controls, as well as conducting risk assessments and keeping them up to date. Additionally, they will oversee training programs on AML/CFT and promptly respond to regulatory inquiries while reporting any suspicious activities to the relevant authorities.
Overall, the Money Laundering Officer will be a key contributor to the client's compliance efforts and will work closely with regulators to ensure adherence to regulations. They will be responsible for maintaining a strong understanding of financial crime risks and implementing effective controls to mitigate them. The candidate will also be involved in training programs, responding to regulatory queries, and reporting any suspicious activities to the appropriate authorities. Collaboration with other departments will be essential to ensure business-wide compliance with AML/CFT regulations.