The Compliance department is looking to recruit a Team Leader to sit within the Retail Anti Money Laundering team.
This is a vacancy which has arisen within the AML compliance team.
Responsibilities
- In the MLRO’s absence, deputise as the company’s point of contact for law enforcement; receive DPAs/Production orders, liaise with investigating officers providing evidence, witness statements and potentially attend court.
- Deputise in the MLRO’s absence, assessing internal SAR’s and deciding on whether to submit externally.
- In the MLRO’s absence attend meetings with Regional Managers/Head of Retail Operations.
- Chair weekly compliance meetings in the MLRO’s absence.
- Lead an AML team to achieve Betfred’s risk-based approach.
- Monitor and review effectiveness of AML analyst daily/weekly tasks.
- Monitor business using the control measures currently in place and prepare reports to communicate the results of that monitoring.
- Identify trends, system weaknesses and develop other monitoring systems/controls that will mitigate existing and newly identified risks.
- Manage, monitor and audit the effectiveness of all Anti Money Laundering policies, procedures and controls.
- Conduct CDD (customer due diligence)/EDD (enhanced due diligence) on high-net-worth customers, document findings accordingly and make recommendations to senior managers in relation to the status of the business relationship.
- Report any suspicious activity to the MLRO.
- Deputise in the MLRO’s absence, assessing internal SAR’s and deciding on whether to submit externally to the NCA in the form of a SAR (suspicious activity report).
- Report any key events (SAR submissions/law enforcement contact) to the Head of Retail Compliance/MLRO immediately.
- Assist in the development and delivery of staff training materials.
- Be aware of all current and relevant AML/CTF laws, legislation and industry guidance.
- Ensure that any new law, legislation, industry guidance is received, understood and implemented within the company’s policies, procedures and controls.
- Report any new process of significance to senior management and report on the potential commercial impact on the business.
- Manage and respond to all requests by the regulators, which include the Gambling Commission.
- To identify and report any risks to senior management in a timely manner.
Skills & Experience
- Confident in dealing with senior management.
- Experience of CDD/AML procedures would be an advantage.
- Problem-solving and analytical skills.
- Strong knowledge of current and prospective regulation that impacts business.
- Excellent organisational skills and ability to multi-task.
- Ability to work under pressure, to precise best practice guidelines while meeting deadlines.
- Qualification in AML (or studying for qualification).
- Experience in Management Role/Leadership.
- Experience in customer due diligence and customer risk profiling.
- Confidence/Decisiveness – both to make and justify decisions.
- Flexibility in approach to work and able to work in dynamic environment.
Must be willing to travel.
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