AML Team Leader

at  Betfred

Overview
The Compliance department is looking to recruit a Team Leader to sit within the Retail Anti Money Laundering team.
This is a vacancy which has arisen within the AML compliance team.

Responsibilities

• In the MLRO’s absence, deputise as the company’s point of contact for law enforcement; receive DPAs/Production orders, liaise with investigating officers providing evidence, witness statements and potentially attend court.
• Deputise in the MLRO’s absence, assessing internal SAR’s and deciding on whether to submit externally.
• In the MLRO’s absence attend meetings with Regional Managers/Head of Retail Operations.
• Chair weekly compliance meetings in the MLRO’s absence.
• Lead an AML team to achieve Betfred’s risk-based approach.
• Monitor and review effectiveness of AML analyst daily/weekly tasks.
• Monitor business using the control measures currently in place and prepare reports to communicate the results of that monitoring.
• Identify trends, system weaknesses and develop other monitoring systems/controls that will mitigate existing and newly identified risks.
• Manage, monitor and audit the effectiveness of all Anti Money Laundering policies, procedures and controls.
• Conduct CDD (customer due diligence)/EDD (enhanced due diligence) on high-net-worth customers, document findings accordingly and make recommendations to senior managers in relation to the status of the business relationship.
• Report any suspicious activity to the MLRO.
• Deputise in the MLRO’s absence, assessing internal SAR’s and deciding on whether to submit externally to the NCA in the form of a SAR (suspicious activity report).
• Report any key events (SAR submissions/law enforcement contact) to the Head of Retail Compliance/MLRO immediately.
• Assist in the development and delivery of staff training materials.
• Be aware of all current and relevant AML/CTF laws, legislation and industry guidance.
• Ensure that any new law, legislation, industry guidance is received, understood and implemented within the company’s policies, procedures and controls.
• Report any new process of significance to senior management and report on the potential commercial impact on the business.
• Manage and respond to all requests by the regulators, which include the Gambling Commission.
• To identify and report any risks to senior management in a timely manner.

Skills & Experience

• Confident in dealing with senior management.
• Experience of CDD/AML procedures would be an advantage.
• Problem-solving and analytical skills.
• Strong knowledge of current and prospective regulation that impacts business.
• Excellent organisational skills and ability to multi-task.
• Ability to work under pressure, to precise best practice guidelines while meeting deadlines.

BE REWARDED:

.

• Earn Extra Rewards: Unlock bonuses and incentives to enhance your income.
• Secure Your Future: Build a nest egg with monthly pension contribution, helping you prepare for the future.
• Family Support: Access enhanced Maternity & Paternity Pay to help you prepare for new additions to your family.
• Refer and Earn: Cash-in on our ‘Refer a Friend’ programme – we’re always looking for exceptional individuals like you!
• Peace of Mind: Benefit from a death in service benefit, though we hope you’ll never need it.
• Save Smart: Enjoy discounts and cashback offers from a diverse range of high-street and online retailers, saving on everyday essentials and indulgences.

• In the MLRO’s absence, deputise as the company’s point of contact for law enforcement; receive DPAs/Production orders, liaise with investigating officers providing evidence, witness statements and potentially attend court.
• Deputise in the MLRO’s absence, assessing internal SAR’s and deciding on whether to submit externally.
• In the MLRO’s absence attend meetings with Regional Managers/Head of Retail Operations.
• Chair weekly compliance meetings in the MLRO’s absence.
• Lead an AML team to achieve Betfred’s risk-based approach.
• Monitor and review effectiveness of AML analyst daily/weekly tasks.
• Monitor business using the control measures currently in place and prepare reports to communicate the results of that monitoring.
• Identify trends, system weaknesses and develop other monitoring systems/controls that will mitigate existing and newly identified risks.
• Manage, monitor and audit the effectiveness of all Anti Money Laundering policies, procedures and controls.
• Conduct CDD (customer due diligence)/EDD (enhanced due diligence) on high-net-worth customers, document findings accordingly and make recommendations to senior managers in relation to the status of the business relationship.
• Report any suspicious activity to the MLRO.
• Deputise in the MLRO’s absence, assessing internal SAR’s and deciding on whether to submit externally to the NCA in the form of a SAR (suspicious activity report).
• Report any key events (SAR submissions/law enforcement contact) to the Head of Retail Compliance/MLRO immediately.
• Assist in the development and delivery of staff training materials.
• Be aware of all current and relevant AML/CTF laws, legislation and industry guidance.
• Ensure that any new law, legislation, industry guidance is received, understood and implemented within the company’s policies, procedures and controls.
• Report any new process of significance to senior management and report on the potential commercial impact on the business.
• Manage and respond to all requests by the regulators, which include the Gambling Commission.
• To identify and report any risks to senior management in a timely manner