Role details

Compliance Officer

London   •  Temporary

Bullet points

  • Supervisory body seeking
  • immediately avaliable Compliance Officer

About Our Client

This client is a designated supervisor for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) purposes in the Business and Professional Services industry.

Job Description

  • The Compliance Officer will support the Professional Standards Manager in ensuring the client and its members maintain compliance with current AML/CTF regulations, legislation and guidance.
  • Based in London you will be ensuring they maintain effective AML/CTF supervisory processes to combat Money Laundering (ML) and Terrorist Financing (TF); enabled through an in-depth understanding of International Standards, EU legislation and UK law.
  • Implement the Recommendations of the Financial Action Task Force (FATF) and use these recommendations as a minimum benchmark for the clients supervisory processes
  • The Compliance Officer good understanding of the Money Laundering Regulations 2007 and the Proceeds of Crime Act 2002 (POCA)
  • Meet recommendations in adopting a risk based approach to supervision.
  • Identify and understand the ML/TF threats to the accountancy sector and put effective processes and guidance in place to mitigate them.
  • Using your own judgement bring to the attention of the Professional Standards Manager any issues which you feel appropriate, in particular ensuring that concerns and identified risks are reported in a timely and effective manner.
  • Create and deliver the AML/CTF communications plan to members using various communication channels; monitoring reach and effectiveness.
  • Develop and maintain operational AML/CTF manuals for staff.
  • A clear understanding of the supervised population and associated risks through analysis of annual return submissions. Onward reporting of results to external regulatory bodies and the Professional Standards Committee.
  • Monitor AML/CTF activities of supervised population and ensure processes remain fit for purpose.
  • A thorough understanding of all the clients regulatory processes in order to support the Professional Standards Manager as required to improve effectiveness of their regulatory framework.
  • Ensure online monitoring systems are fit for purpose. Carry out testing as required following I.T fixes and upgrades.
  • Maintain the AML/CTF section of the Members Handbook.
  • Effective delivery of AML/CTF communications plan.
  • Analysis and onward reporting of member AML/CTF compliance information.
  • Run events, workshops and training around AML/CTF compliance as necessary.

The Successful Applicant

  • Proactive and innovative manner of working
  • Good communication - written and oral
  • Ability to write clearly for different audiences
  • High level of accuracy and attention to detail
  • Good report writing, research, analytic and statistical skills
  • Confidentiality in all matters
  • Time management and organisational skills
  • Ability to work well in a team and independently
  • Proficient user of full Microsoft Office applications
  • Project management skills

What's on Offer


Apply for this job

Click the Apply or LinkedIn button below or contact Jared Verna on +44 20 7269 2406 quoting job reference 13763028
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