Money Laundering Reporting Officer (MLRO)

Join us as a Money Laundering Reporting Officer (MLRO)

• This is a fantastic opportunity for a driven and experienced MLRO to take on an exciting new career challenge at our NatWest Markets NV branch in Frankfurt
• It’s a chance to build and maintain a wide network of stakeholders of varying degrees of seniority
• You’ll be able to put your existing skills to the test, take advantage of our development opportunities and advance your career

What you'll do

In your new role, you will be reporting into the NWM NV Head of Financial Crime and have direct access to relevant senior management for the performance of your statutory MLRO duties.

As an independent self-starter, you will cover the wide range of financial crime topics and activities across the branch. You’ll independently oversee, challenge and advise on risk-taking activities and perform the statutory MLRO responsibilities independently and with appropriate authority and access to relevant information.

On request, you will also provide formal risk opinions in executive reporting and at relevant governance committees regarding the branch business’s financial crime risk profile and control environment.

You’ll also:

• Deliver robust oversight of systems and controls with a pan financial crime risk lens
• Ensure appropriate governance arrangements are in place to achieve ongoing compliance with Financial Crime policies
• Provide local input into the Group Risk Assessment and MLRO report
• Detect and challenge inadequate or ineffective Financial Crime controls and ensure appropriate escalation, remediation and mitigation
• Oversee, challenge, and where required as MLRO, approve the periodic refresh and execution of risk assessments and risk appetite statements, helping to ensure these are dynamic, forward looking and consider emerging risks
• Ensure the consistent and effective execution of all BAU financial crime compliance activities for Germany, safeguarding regulatory compliance and operational integrity, including acting as the relevant point of contact for BaFin, the FIU and other competent authorities

The skills you'll need

You’ll need excellent industry knowledge and commercial awareness of financial crime risk and risk management principles.

You should also have experience of applying risk strategies across the product lifecycle in customer facing business areas and strong report writing skills.

You’ll also need:

• Experience as an MLRO, preferably in a Markets environment
• Fluency in the German language
• Strong understanding of the German AML Act (GwG-Geldwaschegesetz)
• Strong experience across all Financial Crime pillars, including AML, ABC, ATE, Sanctions and Fraud
• Experience in working in a compliance function and preferably experience working in a Markets environment
• Strong communication skills to provide proactive and effective financial crime risk oversight and challenge

Hours

Job Posting Closing Date: