MLRO Part Time

Tradition (UK) Limited

Tradition is the interdealer broking arm of Compagnie Financière Tradition and one of the world’s largest interdealer brokers in over-the-counter financial and commodity related products. CFT is represented in over 28 countries, employing over 2,500 people.

Tradition is currently seeking to appoint a MLRO to be based within the London office.

Main responsibilities within the MLRO position include:

• Overseeing the running and development of the AML business
• Money Laundering Reporting Officer for all FCA regulated entities
• To oversee the firms controls which enable it to identify, assess, monitor and manage its money laundering risk
• Carry out regular assessments of the adequacy of firms systems and controls and make, on an annual basis, a report (the MLRO report) to senior management on the operation and effectiveness of the firms controls in managing the money laundering risk
• To give general guidance and advice on the obligation of the firm and its staff to counter money laundering, financial and terrorist financing
• Interpretation of FCA and other regulators’, Government agencies and exchange rules
• To ensure that the firm is taking appropriate measures to ensure that money laundering risk is taken into account in all aspects of its day-to-day operations including in the development of new products, the taking-on of new customers and the changes in the firms business strategy and profile

• General Compliance monitoring
• To ensure that all staff understand and have access to the procedure for making suspicious activity reports to the MLRO
• Management of client reviews, approvals, classifications and documentation
• Management of client data bases
• To receive and assess suspicious transaction reports submitted by staff and if appropriate report such instances to SOCA in the prescribed manner
• Liaising with the Group Credit Department and staff on credit issues and limits
• Management of staff inductions, education and ensure that the firm provides training for all staff in relation to money laundering and that such training is repeated periodically
• Liaison with overseas offices and subsidiaries
• Liaison with other departments as required
• Project management as required
• Documentation management
• Analysis of trading information and data
• Appreciation of Compliance Risk
• General Compliance Administration duties
• Some overseas travel may be required
• Support team mates when they are absent
• Communicating in an approachable, helpful and non-prejudicial manner in your dealings withemployees, clients and/or customers as you will be regarded as a representative of your department as well as the Group and you should behave accordingly
• Undertaking and passing all necessary training in line with the requirements of the role
• Adhering to all relevant legislation, regulations, rules and guidelines, and internal policies and procedures, including the requirements around preventing financial crime e.g. market abuse or money laundering
• Any other duties reasonably requested

Key skills, experience and competencies required in this role:

• Good knowledge of the FCA rules, in particular COBS, SYSC, SUP and FIT
• Understanding of European Directives and other regulatory rules
• Good knowledge of the firms’ products including cash equities and securities, equity and commodity derivatives and money markets
• Reasonable knowledge of cash and derivatives exchange rules e.g. Euronext, Eurex, LSE
• Experience of dealing with formal documentation
• Ability to read and understand regulatory rules, consultation papers and legal documents
• Good experience of international wholesale markets
• Good knowledge of the UK anti money laundering rules and regulations
• Very good PC skills and knowledge, in particular Excel and Word
• Good literacy and numeracy skills
• Good communications skills both verbal and written
• Ability to communicate with all business areas and senior management
• Good time management skills
• Good organisation skills
• Good inter-personal skills
• Good team skills
• Willingness to learn new skills and take on challenges
• Ability to work in a team or autonomously on specific projects
• Problem solving
• Ability to effectively manage staff
• Ability to train junior members of the team and reports