Money Laundering Reporting Officer

Money Laundering Reporting Officer (MLRO)- UK 

Company Overview

was founded in 2017 as an OTC digital asset trading desk, serving high-net-worth individuals, corporates, and institutional clients globally. Recognising that our clients – generally in sectors underserved by the traditional banking system – were facing tremendous difficulty in the movement of fiat funds, we undertook to resolve this industry pain point by shifting our focus toward the provision of payment services. We subsequently acquired our PI licence from the FCA in 2020, and launched our proprietary payments platform in 2021.

Today we provide a unified end-to-end financial services solution for corporate clients through our core propositions - ONE Payments, ONE Trading, ONE FX & ONE Gateway. We leverage a strong network of banking partners and regulatory licenses to serve clients effectively on a global scale.

Through a single onboarding journey with us, clients get access to a full suite of products and services, including named IBANs in multiple fiat currencies, foreign exchange, and access to payment rails including SWIFT, SEPA, Faster Payments and CHAPS.

The Group is very culture-driven and employees live by our values which include:

• Ingenuity: Constantly improving with creativity and confidence
• Integrity: Brave and tenacious in pursuit of equality
• Unity: A team empowered by shared beliefs and commitment
• Dedication: Intuitive to our customers needs and accountable for our actions
  

Overview

• Full time position – permanent.
• To act as MLRO for UK Limited ("ONE"), as required under Regulation 21(3) of the MLRs, Sections 337 and 338 of POCA, and Sections 21A and 21B of the Terrorism Act.
• To protect the firm from compliance, financial crime, regulatory, reputational and operational risk.
• To provide anti-financial crime and compliance advice and support to the business.
• To assist the compliance function with fulfilment of all its responsibilities.

Key Responsibilities

• To provide day to day advice, support and assistance ensuring compliance with local laws and regulations, the firms' policies and procedures and ONE compliance and business principles.
• To safeguard the reputation of ONE.
• To provide the Board with assurance that the firm is in adherence with local laws, regulations etc., and effective controls are in place to mitigate risks.
• To assess, report, escalate and track corrective action in respect of regulatory; legal; risk controls through to resolution.
• To interpret regulatory rules, guidance, and practice and to ensure that the operating business and its employees are aware of what they need to do to comply with them.
• Be fully aware of both their own obligations and staff obligations under the MLRs, POCA, Terrorism Law, Sanctions Act and JMLSG Guidance.
• To receive Suspicious Activity Reports ("SARs"), acknowledge receipt, investigate and where appropriate externalise to the National Crime Agency ("NCA").
• Manage the AML/TCF and PF risk assessment on ongoing basis
• Implement and maintain up to date relevant policies, controls and procedures, risk assessment and risk  management including the application of such policies and procedures across the business;
• apply measures to ensure that its policies, controls and procedures are taken into account in all relevant functions including in the development of new products, dealing with new customers and in changes to business activities;
• provide information to senior management about the operation and effectiveness of its policies, controls and procedures whenever appropriate and at least annually;
• Be the first point of contact on compliance for onboarding escalations .
• To develop and keep up to date mandatory training and staff receives regular AML/CFT/Compliance induction and ongoing training 
• To work as a member of the team to ensure that requests are dealt with in a timely manner and that advice is accurate and appropriate, so that compliance is seen as an asset to the business.
• Working with the business to strengthen its compliance culture by being approachable, commercially minded, and striving to identify solutions.
• Role model ONE's values and behaviours whilst supporting these in others to ensure focus on, and alignment to, our mission and vision.

Skills and Experience

• Demonstrable experience in an FCA approved AML/CTF risk management role within the financial services sector, preferably within a Payments institution, EMI, crypto, or digital bank. 
• Must have the appropriate knowledge, skill, and experience to fulfil the role. Relevant qualifications such as ICA Diploma and above or ACAMS would be advantageous. 
• In-depth, practical knowledge of relevant laws, regulations, rules, codes etc. Anticipate local regulatory obligations and risks, and ensure these are addressed in a practical and scalable way across the business considering other regulatory requirements within the group
• Excellent organisational skills, creative but pragmatic approach and the desire to challenge the status quo to drive efficiency.
• Build and develop relationships with a reputation for integrity and with the ability to evoke trust and openness in colleagues and regulatory and other bodies.
• High level of self-motivation and discipline.
• Ability to use analytical skills to solve problems/design solutions in complex/sensitive situations within the regulatory compliance framework in different jurisdictions.
• Recognised internally and externally as a compliance and financial crime expert with excellent technical knowledge.

What you'll get in return:

• Enhanced Parental Leave
• Perks at Work Reward Platform
• Unlimited holiday policy
• Continuous learning and development opportunities
• Flexible working
• Competitive remuneration
• An amazing team with strong values of: Ingenuity, Integrity, Unity and Dedication
• And more…

ONE prides itself on being an equal opportunities employer. We will always hire people based on merit and will never discriminate against someone based on gender, race, religion, or background.

Unfortunately, we cannot offer sponsorship at present. This is a UK Based role.