Job Title:                    (Position Filled) Head of AML & CTF/MLRO    

Location:                   London

Salary:                        Negotiable

 

Job Purpose Statement:

  • Head of Anti Money Laundering (AML) and Counter Terrorism Financing (CTF) champions a culture of crime prevention and good financial monitoring across the business to ensure that it complies with its AML legal and regulatory obligations as well as internal policies and procedures - maintaining legal and ethical integrity. 

  • They will support the business to make decisions and deliver a service that protects and enhances the reputation of the company.

  • The Head of AML & CTF is expected to support the CRO in providing effective risk management in a highly regulated and fast paced environment and enable the business operations to effectively and efficiently manage financial crime risks across all aspects of the business, this will include (but not limited to):

    • Develop and manage the company’s AML policy

    • Design and maintain effective AML risk assessments

    • Direct responsibility for the AML function

    • Develop and report on key AML risk indicators

    • Implement robust and effective due diligence procedures in respect of all aspects of AML requirements

    • Manage timely and accurate reporting for all aspects of the AML function and money laundering reporting requirements.

  • The role will be focused on raising awareness and providing advisory for AML & CTF regulatory aspects of the business, ensuring best practice is followed and adhered to and that risk is minimised.

  • The role will be a key contact for senior managers, other business stakeholders, external industry bodies and law enforcement. 

  • The Head of AML & CTF is responsible for ensuring that the business has the requisite knowledge and understanding to ensure it complies with all relevant AML and CTF regulations.

  • Operating with effective Know Your Customer (KYC) processes to ensure that customers are only spending what they can afford is key to any gambling licensed business and the Head of AML & CTF will be expected to lead on ensuring that KYC best practices are developed and applied.

  • As the Company’s Money Laundering Reporting Officer (MLRO) the role includes responsibility for identifying potential threats to the company and fulfilling its legal reporting requirements. 

  • The role also includes responsibility for the company’s anti-bribery and corruption policy and providing subject matter expertise and advice to senior stakeholders and department heads on developing policies and operating frameworks that include any element of AML related requirements.

Skills and Knowledge

Entry Requirements:               

  • Minimum 3 years experience in a similar role, ideally within the Gambling industry.

  • An excellent knowledge of anti-money laundering and counter terrorist financing risk mitigation measures.

  • Proven track record in developing anti money laundering related policies and operating procedures.

  • Ideally, a valid Gambling Commission personal management licence holder.

Essential:

  • Knowledge of AML Laws and Regulation and MLRO requirements, including the requirements relating to the UK Gambling Act 2005 and the Gambling Commission’s License Conditions and Codes of Practice (non-remote).

  • Strong knowledge of regulatory frameworks and risk mitigation strategies.

  • Understanding of Data Protection requirements.

Desirable:

  • Knowledge of the UK Gambling Act and Gambling Commission’s License Conditions and Codes of Practice (remote).

  • Understanding of the Gambling Commission’s License Conditions and Codes of Practice relating to Social Responsibility requirements.

  • Awareness of gambling industry related third party organisations and trade associations, e.g., GAMLG and the British Gambling Council.

  • Understanding of gambling products.

 

To find our more or to apply for the role please send a copy of your cv to steven@grs-recruit.com