Employer: Tradition (UK) Limited
Salary:
Date Added: 12/01/2024
Tradition is the interdealer broking arm of Compagnie Financière Tradition and one of the world’s largest interdealer brokers in over-the-counter financial and commodity related products. CFT is represented in over 28 countries, employing over 2,500 people.
Tradition is currently seeking to appoint a MLRO to be based within the London office.
Main responsibilities within the MLRO position include:
- Overseeing the running and development of the AML business
- Money Laundering Reporting Officer for all FCA regulated entities
- To oversee the firms controls which enable it to identify, assess, monitor and manage its money laundering risk
- Carry out regular assessments of the adequacy of firms systems and controls and make, on an annual basis, a report (the MLRO report) to senior management on the operation and effectiveness of the firms controls in managing the money laundering risk
- To give general guidance and advice on the obligation of the firm and its staff to counter money laundering, financial and terrorist financing
- Interpretation of FCA and other regulators’, Government agencies and exchange rules
- To ensure that the firm is taking appropriate measures to ensure that money laundering risk is taken into account in all aspects of its day-to-day operations including in the development of new products, the taking-on of new customers and the changes in the firms business strategy and profile
- General Compliance monitoring
- To ensure that all staff understand and have access to the procedure for making suspicious activity reports to the MLRO
- Management of client reviews, approvals, classifications and documentation
- Management of client data bases
- To receive and assess suspicious transaction reports submitted by staff and if appropriate report such instances to SOCA in the prescribed manner
- Liaising with the Group Credit Department and staff on credit issues and limits
- Management of staff inductions, education and ensure that the firm provides training for all staff in relation to money laundering and that such training is repeated periodically
- Liaison with overseas offices and subsidiaries
- Liaison with other departments as required
- Project management as required
- Documentation management
- Analysis of trading information and data
- Appreciation of Compliance Risk
- General Compliance Administration duties
- Some overseas travel may be required
- Support team mates when they are absent
- Communicating in an approachable, helpful and non-prejudicial manner in your dealings withemployees, clients and/or customers as you will be regarded as a representative of your department as well as the Group and you should behave accordingly
- Undertaking and passing all necessary training in line with the requirements of the role
- Adhering to all relevant legislation, regulations, rules and guidelines, and internal policies and procedures, including the requirements around preventing financial crime e.g. market abuse or money laundering
- Any other duties reasonably requested
Key skills, experience and competencies required in this role:
- Good knowledge of the FCA rules, in particular COBS, SYSC, SUP and FIT
- Understanding of European Directives and other regulatory rules
- Good knowledge of the firms’ products including cash equities and securities, equity and commodity derivatives and money markets
- Reasonable knowledge of cash and derivatives exchange rules e.g. Euronext, Eurex, LSE
- Experience of dealing with formal documentation
- Ability to read and understand regulatory rules, consultation papers and legal documents
- Good experience of international wholesale markets
- Good knowledge of the UK anti money laundering rules and regulations
- Very good PC skills and knowledge, in particular Excel and Word
- Good literacy and numeracy skills
- Good communications skills both verbal and written
- Ability to communicate with all business areas and senior management
- Good time management skills
- Good organisation skills
- Good inter-personal skills
- Good team skills
- Willingness to learn new skills and take on challenges
- Ability to work in a team or autonomously on specific projects
- Problem solving
- Ability to effectively manage staff
- Ability to train junior members of the team and reports
Application Deadline: 05/04/2024
Contract Type: Permanent
Submitted Applications: 0