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MLRO (UK)

Role overview

Qualifications

  • Solid hands-on experience in compliance, preferably at least three years in financial services, payments or fintech
  • Practical experience of KYC / customer due diligence and AML procedures, including transaction monitoring and screening
  • Working knowledge of UK AML requirements and the FCA regulatory environment
  • Fluent English and Russian (written and spoken)

Responsibilities

  • Act as the company's MLRO / nominated officer, taking ownership of the AML and counter-terrorist financing framework
  • Carry out KYC, customer due diligence and risk assessments for corporate clients, including higher-risk relationships
  • Review PEP, sanctions and adverse media screening results, making decisions on escalated cases
  • Perform transaction monitoring, investigate unusual activity and submit suspicious activity reports (SARs) to the National Crime Agency where required

Key facts

Hard skills

Other skills

  • Communication
  • Microsoft Office
  • Analytical Thinking
  • Detail Oriented
  • Organizational Skills

About the company

Phoenix Payments logo

Phoenix Payments

  • Fintech & Payments
  • Startup
  • 11โ€“50
Looking for a bank that knows how to make business banking easier? Phoenix Payments UAB is an electronic money institution licensed in Lithuania, focused on alternative banking and payment solutions. We offer IBAN accounts, processing of SEPA payments for individuals and businesses merchants, and providing secure and simple internet banking. Leave the complicated things to us. Open your account in minutes and enjoy the rest of your day.

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Job description

๐ŸŒ About the Company

Our client is a UK-based, global, multi-channel payment gateway and full-service Payment Service Provider offering local e-payment solutions for International Customer Not-Present businesses.

๐Ÿ’ผ About the Role

We are looking for a hands-on MLRO to own the company's compliance framework and run it day-to-day. As a Money Laundering Reporting Officer (MLRO), you will be responsible for the company's anti-money laundering framework and its relationship with the regulator. Alongside this, you will do much of the day-to-day compliance work yourself, including due diligence, screening review and transaction monitoring.

You will report to senior management and work as part of a small compliance team. You will also work closely with the company's account managers, Finance and IT colleagues.

๐Ÿ” Responsibilities:

  • Act as the company's MLRO / nominated officer, taking ownership of the AML and counter-terrorist financing framework;

  • Carry out KYC, customer due diligence and risk assessments for corporate clients, including higher-risk relationships;

  • Review PEP, sanctions and adverse media screening results, making decisions on escalated cases;

  • Perform transaction monitoring, investigate unusual activity and submit suspicious activity reports (SARs) to the National Crime Agency where required;

  • Draft, review and maintain compliance policies, procedures and controls in line with UK AML and FCA regulatory requirements;

  • Conduct and maintain the business-wide risk assessment and ensure ongoing regulatory compliance;

  • Manage communication with regulators, support external audits and regulatory reviews, and track remediation actions;

  • Prepare compliance reports and management information for senior management and the board;

  • Work closely with Account Management, Finance and IT teams on client onboarding, compliance systems and operational matters;

  • Provide compliance guidance and training to colleagues and respond to internal compliance queries.

๐ŸŽ“ Requirements:

  • Solid hands-on experience in compliance, preferably at least three years in financial services, payments or fintech;

  • Practical experience of KYC / customer due diligence and AML procedures, including transaction monitoring and screening;

  • Working knowledge of UK AML requirements and the FCA regulatory environment;

  • Experience drafting policies and procedures;

  • Experience of dealing with regulators, audits or regulatory reviews, or readiness to take this on;

  • Ability to work independently, take ownership of the compliance function and work closely with other teams;

  • Analytical and logical thinking with strong attention to detail;

  • Clear, professional communication and presentation skills;

  • Good organisational skills;

  • Fluent English and Russian (written and spoken).

โญ Nice to Have:

  • Prior experience in e-commerce and electronic payments (a significant advantage);

  • Previous experience as an MLRO or Deputy MLRO;

  • A recognised AML or compliance qualification;

  • Proficiency in MS Office applications.

๐Ÿค Key Competencies:

  • Strong ownership and independent decision-making;

  • Analytical thinking and attention to detail;

  • Strong regulatory awareness and risk management mindset;

  • Clear communication and stakeholder management skills;

  • Strong organisational and prioritisation skills;

  • Proactive and hands-on approach to compliance.

โœจ The Employer offers:

  • The chance to build and shape the compliance function of a fast-moving payments business;

  • A varied, hands-on position combining MLRO responsibilities with day-to-day compliance work;

  • An international, friendly environment, working with colleagues in Europe and around the world.

If you have strong hands-on compliance experience, understand the UK regulatory environment and are ready to take ownership of the MLRO function within an international payments business, this role is a strong next step.

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