Deputy Money Laundering Reporting Officer
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Summary and Overview
- Deputy Money Laundering Reporting Officer
- Isle of Man
- Permanent
- Full time
- Competitive Salary & Benefits
You'll act as the appointed and regulated approved DMLRO for Equiom (Isle of Man) Limited and Equiom Tax Services Limited.
In the absence of the MLRO you will be the nominated person and assist in delivering high quality risk management from a financial crime perspective and to assist in ensuring Equiom complies with the relevant laws, codes and guidance relating to AML/CFT/CPF.
Your New Role
This list of duties is not exhaustive and may change from time to time according to business needs:
- Responsible for the receipt, acknowledgement and review of SARs in the absence of the MLRO or as delegated by the MLRO
- Assist the MLRO with maintaining all related records, including Registers of SAR, external disclosures, law enforcement enquiries and correspondence
- Where a SAR have been externalised to the FIU, consider whether consent from the FIU is required before the work/activity is undertaken and submit consent requests accordingly
- Monitor replies from the FIU and communicate to the relevant employees with the outcome of consent requests
- In relation to PEP client relationships provide guidance to the business in relation to EDD and enhanced monitoring
- Provide support and guidance to the board, senior management and all employees to ensure that money laundering, terrorist financing and proliferation financing (ML/TF/PF) risks are adequately managed
- Act as the principle point of contact for the FIU in the absence of the MLRO
- Assist the MLRO to manage and ensure we are compliant
- Assist the MLRO with escalating issues and submit recommendations to the Risk Committee and/or board of directors and/or the relevant Relationship Lead(s)
- Assist the MLRO to deliver AML/CFT/CPF training
- Maintain the training register(s)
- Assist the MLRO in maintaining the AML/CFT/CPF Business Risk Assessments (BRA) and ensuring BRA are submitted to the board of directors for consideration and approval
- Assist with completing and submitting the AML/CFT/CPF FSA annual returns
- Provide management information and prepare board reports
- Review and manage any CMP Testing reports received from the Regulatory Compliance Team
- In the absence of the MLRO, liaise with the FIU and if required the Financial Services Authority and participate in any other third party enquiries in relation to ML/TF/PF prevention, detection, investigation or compliance
- Participate in various projects, including providing strategic guidance, research and devising policies and procedures
- Provide guidance and advice to colleagues in relation to AML/CFT/CPF
- Ensure compliance with company standards, policies and procedures
What will you need to succeed in this role?
As to be expected, we are searching for someone who can bring a range of skills and experiences to enhance the team. As such, there are a few essential skills we are looking for:
- Previous experience in a similar role is essential
- Relevant industry AML/CFT/CPF qualification(s)
- A thorough understanding of IOM POCA, AML/CFT/CPF Code and Handbook
- Knowledge and experience of the following:
- Undertaking investigations into SAR and reporting to the FIU
- The IOM consent regime
- AML/CF/CPF risks and a risk based approach
- Fiduciary experience (desirable)
Personal attributes which would be seen in the ideal applicant include;
- Strong communication skills both oral and written
- Effective time management skills
- Able to work to deadlines
- Investigatory skills
- Report writing skills
- Attention to detail and accuracy
- Professional manner
- A can do attitude
Equiom Group
For more than 45 years we have supported high net worth individuals and international corporations to nurture and fulfil their ambitions. We are a global professional services provider, working with private clients, corporate clients and funds to navigate the twists and turns to achieve their ambitions.
We are proactive and passionate. We provide exceptional service to develop deep and meaningful client relationships, providing an unrivalled breadth of bespoke end-to-end wealth protection and business support services.
We are a business which has expanded, allowing us to adapt quickly to change and invest in key areas to support our growth journey. We are looking for brilliant people to join our team to grow and develop with us.
What should you do now?
If you are interested in this role, please apply now. If you have read the above and are unsure about whether this is for you; maybe you can do most of the responsibilities, or you have some of the key skills, please get in touch for a confidential conversation about the role and we can discuss further.
Equal Opportunities
Equiom Group is committed to Diversity and Inclusion across our Global business. We welcome applicants from all interested parties, and any reference to qualifications or certifications should be read to be interchangeable with local or international qualifications and certifications. All applications will be reviewed solely on their merits. All recruitment and selection will be conducted in accordance with prevailing Employment and Equality legislation.
- Department
- Compliance & Risk
- Role
- (F) Manager
- Locations
- Isle of Man
- Employment type
- Full-time
- Team
- Client Services
About Equiom Group
We are on a journey and we want you to join us. We never stop learning and that is why we provide our people with the tools, knowledge and experiences to help them thrive and grow. Whatever your level of experience, there could be a place for you at Equiom.
Deputy Money Laundering Reporting Officer
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