Deputy Money Laundering Officer

Insignis is a growing, FCA-regulated FinTech company looking for a talented and enthusiastic individual to join our team.

Reporting to the Head of Compliance & MLRO, you will support the evolution of our AML program with specific responsibility for policy and training, risk assessments, transaction monitoring, and the provision of expert advice to support colleagues in ensuring regulatory adherence.

This position offers the perfect opportunity to both make a significant contribution to our company’s growth and develop your role and career as the business continues to evolve. You will join a team where your ideas will be welcomed and valued.

This is a full-time hybrid role; you will work from our London office for 3 days per week.

Responsibilities

Your key responsibilities will include but not be limited to the following.

AML Compliance Program:

• Support development and maintenance of AML compliance program.
• Ensure alignment with regulations and best practices.

Transaction Monitoring and Reporting:

• Oversee transaction monitoring and oversee discounting of alerts.
• Prepare Suspicious Activity Reports (SARs) for submission.

Risk Assessment:

• Conduct AML risk assessments for clients, products, and services.
• Recommend risk mitigation strategies.

Policy and Procedure Development:

• Create and maintain AML policies and procedures.
• Ensure effective communication and implementation.

Training and Awareness:

• Develop and deliver AML training programs.
• Promote a strong compliance culture.

Regulatory Liaison:

• Assist in liaising with regulatory bodies and law enforcement.
• Support regulatory reviews.

• Act as a point of contact for AML queries.
• Provide subject matter expertise as required to support development of products and services.

Audit Support:

• Act as a point of contact for AML audit queries.
• Coordinate audit requests from auditors, banks and/or regulators.

Reporting:

• Prepare reports to senior management and Board of Directors to communicate all relevant financial crime compliance issues and escalate any important or high-risk financial crime compliance issues.
• Drafting of the annual MLRO / financial crime report.

Requirements

You will have:

• Experience of working in the financial services sector, as a DMLRO or in a senior AML role. Knowledge of retail banking and / or payments would be an advantage but is not essential.

• Detailed knowledge of JMLSG and FCA rules in relation to AML/CTF.
• The confidence to make decisions and work autonomously.
• The ability to conduct gap analyses efficiently and effectively and to assess the risk arising as a result of any control deficiencies identified to aid prioritisation..
• Demonstrated ability to communicate effectively with senior management and third-party stakeholders.
• Ability to build collaborative working relations with peers, colleagues and with remote based teams with individuals at all levels of the organisation.

Skills & Experience

Education:

• Bachelor’s degree.
• Professional AML certification (e.g., CAMS, ICA) preferred.

Experience:

• 7+ years in a 2nd line of defence AML compliance, preferably in retail banking, deposit-taking, or related payments industry or similar financial services businesses.
• Candidates with experience and exposure only in the 1st line of defence need not apply and will not be selected for interview.

Benefits

• 25 days holiday (exc. Bank holidays)
• 5% Pension contributions
• Private medical insurance with Vitality
• Health cash Plan offering contributions to dental, optical and much more
• Enhanced Parental Leave
• Cycle to Work Scheme
• Monthly team lunches, quarterly company socials

Working Pattern

• Hybrid working patter with three days in London and two days working from home, with occasional travel to our Cambridge offices, as required