Deputy Money Laundering Reporting Officer

Job Overview

Business Segment: Group Functions

Company: Standard Bank Isle of Man

NOTE: This role is not open to Relocation or Sponsorship. Isle of Man residents are eligible to apply.

To provide specialised support to the Money Laundering Reporting Officer (MLRO) to implement appropriate frameworks, minimum standards and processes required for business to be undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enable the competitive advantage of the organisation. May deputise MLRO to represent Standard Bank Isle of Man Limited, Standard Bank South Africa Ilse of Man Branch, Standard Finance Limited (SBIOM) the Financial Services Authority. The Deputy Money Laundering Reporting Officer (“DMLRO”) supports the Money Laundering Reporting Officer (“MLRO”) in the effective discharge of the firm’s obligations under the Proceeds of Crime Act 2008, the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, and related AML/CFT legislation and guidance. The DMLRO acts as an alternate MLRO and must be capable of assuming the full responsibilities of the MLRO role at any time.

Qualifications

• First Degree in Business Commerce (Required)
• First Degree in Legal (Required)
• Post Graduate Degree in Business Commerce (Preferred)
• Post Graduate Degree in Legal (Preferred)

Experience Required :

• 5- 7years experience in Local Isle of Man
• Experience in the realm of Anti-Fraud, -Bribery, -Market Abuse, -Money Laundering and Combatting Financing of Terrorism, Analytics and Investigation.

Key Outputs :

• Provide specialist support to the MLRO in designing and maintaining effective AML/CFT frameworks, standards, and processes to ensure compliant business operations.
• Protect the organisation from operational losses, regulatory sanctions, fines, and reputational damage while supporting its competitive position.
• Support the effective discharge of statutory obligations under the Proceeds of Crime Act 2008, the AML/CFT Code 2019, and related legislation and guidance.
• Act as an alternate to the MLRO, with the capability to assume full MLRO responsibilities when required.
• Deputise for the MLRO in representing the Bank with the Financial Services Authority and other relevant stakeholders.