Money Laundering Reporting Officer, UK
- Full-time
Company Description
Job Description
Square is looking for a Money Laundering Reporting Officer (MLRO) to join our team in the UK, reporting to the regional Chief Compliance Officer for Europe. You will drive implementation of compliance control, processes and required operations under the AML/CTF program. The MLRO will work as an integrated part of our global Compliance team, leveraging the broader organisation and resources to ensure that we maintain an effective AML/CTF program and meet all our regulatory compliance obligations. This role is essential to Square's success in the UK and will work with colleagues across Compliance, Legal, Payments and Industry Relations, Finance, Risk, Internal Audit, Product, and Sales and Marketing.
You will:
- Develop AML and financial crime processes, and ensure the implementation and appropriate controls that reflect business and regulatory requirements
- Build relationships with relevant authorities, payment schemes, and regulators to ensure we operate with the latest Financial Crime trends
- Ensure accurate responses and reporting to the Regulator.
- Oversee the operations of the UK Compliance team, including training, capacity planning, tracking team and individual Key Performance Indicators (KPIs), and Key Risk Indicators (KRIs) for the program
- Facilitate risk-based Know Your Customer and Transaction Monitoring programmes to detect unusual activity and investigate and report suspicious activity in accordance to regulatory requirements
- Work with Compliance leads to provide strategic planning, organisational structure, focus areas, and quarterly goals and key results
- Work with all relevant partners, financial institution partners, card networks and regulatory authorities
- Conduct compliance review and analysis of new regulatory developments and maintain oversight of developments affecting business activities
- Prepare reports to senior management and Board of Directors to communicate all relevant compliance issues and escalate any important or high risk compliance issues
- Work with internal compliance teams (such as Governance, Product Advisory, Quality Control) to identify clear steps necessary to avoid regulatory risks and provide solutions
Qualifications
- 5+ years of experience in a complex, financial services firm, or related e-money/payments industry with experience to operate at an MLRO or Deputy MLRO level
- Strong operational knowledge in building and running a sound compliance programme, with hands-on knowledge and an understanding of regulatory requirements for the UK
- At minimum, 5 years of people management experience
- Ability to build collaborative working relations with peers, colleagues and with remote based teams with individuals at all levels of the organisation
- Experience with data visualisation tools
- Crypto currency AML program management
Additional Information
Perks
At Square, we want you to be well and thrive. Our global benefits package includes:
- Healthcare coverage
- Retirement Plans
- Employee Stock Purchase Program
- Wellness perks
- Paid parental leave
- Paid time off
- Learning and Development resources