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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

Apply Now

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