Deputy MLRO, Risk and Compliance - Moniepoint GB
Who we are
Moniepoint Group is a financial technology company digitizing Africa’s real economy by building a financial ecosystem for businesses, providing them with all the payment, banking, credit and business management tools they need to succeed.
At Moniepoint, we are a customer-focused community, dedicated to crafting solutions that redefine our industry. We have several products that provide essential services for businesses such as credit, overdrafts, bank integration, payment gateway. etc. We leverage artificial intelligence and data to make our decisions but also have the technology and data-driven best practices used to support our businesses.
Having been able to build this self-sustaining, profitable business solving problems in Nigeria, we want to help everyone around the world seamlessly trade (or remit) with African businesses and individuals, so we are launching our UK and international financial services’ business which will be headquartered in the UK. Moniepoint GB is going to be a huge, impactful business now, and in the future.
About the role
Location : United Kingdom (full-time)
We are seeking a highly proficient and experienced Deputy MLRO (Money Laundering Reporting Officer) to join our Risk and Compliance team. The Deputy MLRO will assume a pivotal role in supporting the Chief Compliance Officer & MLRO in the building, oversight and management of the company's Compliance and anti-money laundering (AML) and counter-terrorist financing (CTF) framework, ensuring adherence to regulatory requirements and industry best practices within the UK financial services market.
The ideal candidate has a strong understanding of all relevant regulatory compliance (Consumer Duty, Safeguarding, GDPR etc.), and financial crime compliance (AML, JMLSG etc.) regulations is essential.
You will be responsible for advising the business on regulatory developments, liaising with the FCA, leading the global Financial Crime framework (best in class for a fast moving fintech payments firm), work closely with the AML onboarding operations team and ensuring a robust AML framework is rolled out to mitigate risks across various jurisdictions.You have a compliance background in Payments with experience of building frameworks around compliance and financial crime. Where needed, you must also be comfortable to hold the control function with the FCA.
Job responsibilities:
- Assisting the Chief Compliance Officer & MLRO in developing compliance programme and controls, including the following areas of core regulated obligations:
- Financial Crime Prevention (Anti-Money Laundering, Suspicious Activity Monitoring and Reporting, Sanctions etc.);
- Payment Service Regulations; Anti-Bribery and corruption; Safeguarding; Consumer Duty.
- Enterprise Risk assessment, GDPR, Privacy, and non-technical PCI.
- Conducting periodic risk assessments and recommending appropriate remedial measures as required.
- Assist in providing product’s regulatory advice to the business through regular and ad hoc regulatory gap analysis review of existing products.
- Participating in compliance related projects as directed by the Chief Compliance Officer and working closely with project stakeholders to ensure compliance project requirements are delivered in a timely fashion.
- Submitting regular updates to the business about regulatory changes, including detailed assessment of impact to the business, and working with the Chief Compliance Officer to devise appropriate plans for the implementation of such changes.
- Reviewing and advising on escalated compliance enquiries.
- Preparing and submitting all relevant regulatory filings.
- Assisting in the preparation and delivering of compliance training to the various areas of the business.
- Assisting in audit reviews carried out on the firm by regulators and banking partners.
- Ensuring that compliance documentation and processes are kept up to date.
- Identifying suspicious activities and filing the necessary reports.
- Assisting in the preparation and collection of Risk and Compliance Management Information.
- Maintaining meticulous and comprehensive records of AML/CTF-related activities, investigations, and decisions, ensuring the orderly organization and accessibility of documentation for internal and external audits.
- Supporting the MLRO with the completion of the annual MLRO report and the annual Anti-Money Laundering Risk Assessment.
Qualifications:
- Advanced qualifications or professional certifications (e.g., CAMS, ICA Diploma in AML) are highly desirable.
- Minimum four years’ experience in a Financial Crime role, ideally within the banking and/or card and payment industry.
- Proven experience in the understanding and interpretation of regulation within the payment industry and the implementation of solutions to address regulatory requirements.
- Experience of building a robust Anti-Financial Crime framework.
- Good understanding of UK and EU financial services regulatory compliance, the FCA Handbook etc.
- Technical and practical expertise of AML, Consumer Duty, and GDPR.
- Experience with a regulatory reporting and policy & procedure writing.
- Strong communication skills.
- Able to work within a rapidly changing environment.
- Knowledge of Visa and MasterCard rules.
- Experience with working in a global organization - desirable.
What we can offer you
- Culture -We put our people first and prfioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
- Learning - We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
- Compensation - You’ll receive an attractive salary, pension, health insurance,, Employee Stock Options, annual bonus, plus other benefits.
What to expect in the hiring process
- A preliminary phone call with one of our recruiters
- A technical interview with the Hiring manager
- A panel technical interview with our C-Suite.
- A behavioral and technical interview with a member of the Executive team.
Moniepoint is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and candidates.
