Compliance Manager and MLRO

Role Overview & Responsibilities

Petro Atlantic has been founded to fill the gap to the un-banked. We are looking for hard-working, tenacious and ambitious individuals to supplement and fuel our company’s growth. Throughout your employment with Petro Atlantic, you’ll develop an in-depth knowledge of financial markets; current affairs, economics, money markets and foreign exchange.

Responsibilities:

• Act as the company’s nominated Money Laundering Reporting Officer, setting out the procedures and policies we adhere to and our clients are guided by.
• Report suspicious transactions/activities to regulators, law enforcement agencies and partners
• Correspond to the regulators, law enforcement agencies and partners regarding SARs as a primary point of contact
• Manage the SARs and DAMLs to maintain efficient account controls
• Review internal SARs and complete the company’s SAR reporting obligation undertaking detailed investigations
• Identify areas of money laundering risk and assess them to maintain effective AML controls of the company
• Conduct analysis of new AML regulatory developments, implement them collaborating with other departments and maintain oversight of developments affecting business activities
• Contribute to the company’s CDD, EDD and transaction monitoring processes for robust AML investigations
• Prepare reports, including MLRO reports, to senior management and the Board to communicate all relevant issues and escalate any important or high-risk money laundering issues
• Understand the need of MSBs, Crypto Exchanges and High Risk Dealers
• Provide relevant training such as AML, CTF, sanctions and financial crime training

Benefits of Petro Atlantic:

• All the tech you need - laptop, phone, tablet and expense card
• Trained by seasoned professionals from FX and Banknote dealing background
• Very rewarding commission and bonus scheme
• Regular incentives (company nights out, sporting events and more)

Qualifications:

· 4+ years of experience in a financial services firm or e-money/payments industry with experience to operate at an MLRO or Deputy MLRO level

· Operational knowledge in building and running AML controls and compliance programme, with hands-on knowledge and an understanding of rules such as Money Laundering Regulations, Money Laundering Directive, and Financial Crime Act

· Demonstrated ability to communicate effectively with regulatory bodies, internal and external stakeholders

· Previous experience being registered with the FCA as an MLRO (desirable but not essential)

· Professional qualification from an internationally recognised body, such as ICA, ACAMS (desirable but not essential)

Job Type: Full-time

Salary: £50,000.00-£65,000.00 per year

Benefits:

• Casual dress
• Discounted or free food
• Flexitime
• Referral programme
• Sick pay
• Work from home

Schedule:

• Flexitime
• Monday to Friday

Supplemental pay types:

• Bonus scheme

Ability to commute/relocate:

• London: reliably commute or plan to relocate before starting work (required)

Education:

• Bachelor's (preferred)

Work Location: Hybrid remote in London

Reference ID: 11410