We are seeking a Deputy MLRO to join our growing team and assist our MLRO in ensuring compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. In this role, you will work closely with the MLRO to develop and implement effective policies and procedures to prevent financial crime and maintain the integrity of our services. This is an exciting opportunity for a highly motivated and experienced individual to make a significant impact in a fast-paced and innovative company.
In return, we offer a close-knit family feel environment, where we work together collaboratively in the interests of the business and our aims and goals. As a scale up business, it’s an exciting ever-changing environment perfect for an ambitious person looking to develop and grow in a diverse and inclusive environment.
What’s in it for you?
- Competitive basic salary
- Holidays – 25 days from start, increasing with every complete year to reach max of 30 (+ Bank Holidays)
- Healthcare Cash Plan
- Perkbox, with gifted Flexi-Points every month
- Life Assurance
- Salary Exchange Pension Scheme
- Company Sick Pay
- Employee Assistance Programme
- Enhanced family policies
- Additional paid time off; Moving Days and Sabbaticals
- Flexible working arrangements - office attendance is required 2-3 days per week (Marylebone, NW1)
Day to day overview;
- Assist the MLRO in conducting regular risk assessments and monitoring of potential money laundering and terrorist financing activities.
- Keep up to date with changes in AML and CTF laws and regulations, and implement necessary changes to the company's policies and procedures.
- Investigate and report any potential suspicious activity or transactions to the appropriate authorities.
- Conduct due diligence and enhanced due diligence on high-risk customers and transactions.
- Develop and deliver AML and CTF training to employees and ensure their understanding and compliance of the company's policies and procedures.
- Ensure that appropriate record-keeping and reporting mechanisms are in place to meet regulatory requirements.
- Support the MLRO in submitting timely and accurate reports to senior management and regulatory bodies on AML and CTF activities.
What we need from you;
- To have a minimum 5-7 years of experience in working in a FCA compliance role at a Payment Institution or E-Money Institution
- To have held the role of DMLRO, or at least demonstrate deputising for this role.
- To show a successful track record in people management (inc coaching and developing)
- To have knowledge of payments, risks and UK/EU regulations (4/5MLD, JMLSG, FCA Handbook SYSC).
- To have proven experience in the understanding and interpretation of regulation within the payment industry and the implementation of solutions to address regulatory requirements.
- To show in-depth experience of monitoring and the ability to develop compliance monitoring programs and techniques.
- Demonstrate technical and practical expertise of money laundering & terrorist financing regulations.
- To offer excellent interpersonal and communication skills (both written and spoken).
- To be a self-starter, the type of person always looking for ways to improve.
- To be able to work well under pressure and manage a number of different tasks at the same time, often meeting tight deadlines.
Founded in 2014, Pockit offers digital accounts via a mobile app, with the ambition to “build a better banking alternative for customers left behind by high-street banks”. Our app enables users to store and spend money through a prepaid card, manage their finances and send money in the UK and abroad.
Already serving over 900,000 customers throughout the UK, Pockit's no-fuss current account offers everything you’d expect from a bank, like contactless Mastercard®, domestic and international transfers, direct debits, ability to pay in with cash at “virtual” branches, and lots more.
Pockit helps to change a person’s relationship with their money for the better. Whether it’s by making shopping easy, rewarding and stress free with Apple and Google Pay support, 1% cashback and automatic purchase protection or by helping people be paid early so they can stay in black at the end of the month. What’s more, Pockit helps you build for the future by making credit building easy.
Following the acquisition of Monese in December 2024, the business is on a trajectory of growth as the two organisations harmonise and integrate in both the UK and across Europe.
About us
We're a lively, diverse and international team, based across offices in London, Newcastle and remote teams in central Europe. You'll be joining a team that fosters curiosity, ambition, accountability, and resilience and we know you'll be made to feel at home straight away. Based in London, the role would offer some flexibility to work remotely in line with business needs.