MONEY LAUNDERING REPORTING OFFICER (MLRO CF11)
UK Branch
Location: London

Deltastock AD is an established EEA financial investment firm based in Sofia, Bulgaria, with branches in European countries. We are a leading provider of trading facilities through our cutting edge platforms to retail and institutional clients. Founded in 1998, Deltastock AD, a fast growing company, serves clients from over 70 countries. The company has proprietary platforms for online trading in Forex and CFDs, Delta Trading used by retail clients, institutional investors, professional money managers and experienced day traders.
The company has MiFID Inward Branch Authorization and is registered with the UK Financial Services Authority, Firm Number: 481581. It is seeking an experienced MLRO (Money Laundering Reporting Officer) with FSA CF11 Approved Person for its London branch’s money laundering reporting function.
The position may suit persons with banking, foreign exchange, money markets background having worked in AML compliance, possibly having worked in settlements with managerial experience.

Responsibilities include:

oversight of the branch compliance with the FSA’s rules on systems and controls against money laundering and counter terrorist financing;

acting as the focal point for activity within the branch relating to anti-money laundering;

establishment and maintenance of effective anti-money laundering systems and controls and reporting requirements for the branch;

effective identification, assessment, monitoring and management of money laundering risks for the branch;

conducting day-to-day, monthly compliance monitoring checks;

conducting regular assessment of the adequacy of branch systems and controls;

maintaining branch’s AML compliance manual and monitoring programme;

updating AML procedures and policies for branch business to ensure compliance with the FSA regulations, JMLSG and HM Treasury guidelines and applicable laws;

reporting to Head Office on branch compliance with recommendations;

training of branch personnel in AML regulations, law and compliance;

reviewing branch client account opening and verification documents including client identification and KYC procedures; and

record safekeeping of customer due diligence compliance and monitoring information.

Requirements include:

experience as a MLRO and has recently held FSA Controlled Function 11 (CF11) in an FSA regulated firm, dealing with the formulation and application of anti-money laundering policy;

ability to demonstrate a good understanding of JMSLG and HM Treasury guidelines;

excellent working knowledge of UK Money Laundering Regulations and laws with practical experience of application in compliance;

team communication skills with independence, self-motivation, analytical skills and ability to work under pressure;

minimum University 2.1 degree with FSA recognized financial services qualifications; and

satisfactory references from former employers.

The successful candidate will receive an excellent package of £40K + depending on experience and knowledge, full support, further training and career development. If you are a suitable candidate, we would like to hear from you. You can apply by sending in your CV with supporting qualifications by email to office.uk@deltastock.com. The closing date for receipt of applications is 5 Feb 2010.