Money Laundering Reporting Officer

Money Laundering Reporting Officer

Money Laundering Reporting Officer

Job Overview

London, England
Job Type
Full Time Job
Job ID
Date Posted
9 months ago
Alice Lidze
Job Views

Job Description

The Role:

An experienced MLRO to ensure that the Financial Crime and Anti-Money Laundering Control Frameworks of ASOS Payments UK are fully integrated and operating effectively against money laundering and relevant regulations.

This role will require the development and maintenance of ASOS Payments UK compliance strategies and relevant policies, and ensure their rigorous implementation across all functions within the business, while guaranteeing sustained regulatory compliance.

The MLRO will have the level of authority, independence and support to properly carry out his or her responsibilities.

At ASOS we are dedicated to the highest standards of control, governance and independent oversight. We are searching for someone with extensive experience in the financial industry and proven experience in a compliance function that is excited to design, lead and shape the future of oversight and compliance. This role will demand high-levels of energy and creativity, an entrepreneurial spirit and the desire to work in a growing and changing environment.

This role will drive implementation of compliance control as highlighted in the AML and Compliance Risk Assessments and include a broad set of cross-functional tasks to ensure that all personnel are properly trained, processes are scalable, and metrics are accurately reported.

You will be expected to identify money laundering risk and maintain our systems and controls, considering a range of factors, including our:

  • Distribution channels

  • Complexity and volume of our transactions

  • Processes and systems; and

  • Operating environment

  • Operating and monitoring the effectiveness of controls required by the Frameworks to remain within the Board Risk Appetite

  • Compiling, assessing and reporting compliance, fraud and AML information to the local, Group and   functional management

  • Ensuring that ASOS Payments UK activities comply with all relevant legislation and regulation

  • Ensuring ASOS Payments UK compliance framework is maintained and updated as approved by ASOS Payments UK Board

  • Ensuring all financial-crime-related regulatory reporting obligations are fulfilled

In addition, the Compliance Officer is responsible for supporting the Board.


  • Defining, developing, managing, refining and documenting the Financial Crime and AML Program to manage all sources of regulatory risk and provide reporting which meets the needs of the regulator, local and Group management.

  • Working closely with the senior managers across the business to identify, assess, update and mitigate the regulatory compliance risks posed to ASOS Payments UK and determining the priorities and resources required to effectively control them.

  • Determining identification and verification standards for customer take-on and AML compliance.

  • Managing the suspicious activity reporting process, internally and externally.

  • Communicating with all necessary staff to ensure they comprehend their responsibilities and are trained in ASOS Payments UK policies and procedures to identify financial crime, escalate suspicious activity by making internal reports and make external reports to the regulators and other law enforcement bodies in a timely manner.

  • Receiving and promptly answering enquiries from law enforcement agencies.

  • Continuously developing, enhancing and embedding the financial crime and AML risk framework for managing key regulatory risks across the firm, ensuring that all processes are fit for purpose.

  • Serve as a liaison to the local authorities, manage filings to the local Financial Investigation Unit.

  • Support to the business where necessary regarding the launch of products to ensure regulatory requirements are met, as appropriate work cross-functionally across multiple teams to ensure execution against regulatory requirements and internal policies.

  • Partner with internal Compliance teams (such as Compliance Operations, Risk & Controls) to identify clear steps necessary to mitigate those regulatory risks and provide those recommendations in the form of clear business requirements.


  • +5 years of experience in a an MLRO role with a regulated Financial Services firm.

  • Team management skills including the ability to oversee compliance and control activities within a global payment processing environment.

  • Knowledge and experience of best practice in financial services regulation, fraud detection methodologies, and emerging practice in financial crime and money laundering typologies.

  • Good communicator with the ability to motivate others.

  • Ability to exercise oversight, knowledge and understanding of financial crime and AML policies, procedures and control arrangements in a complex financial operation.

  • Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution.

  • Deep knowledge of the UK and EU regulatory environment and key financial crime regimes.

  • Understanding of payment systems and markets with a focus on technology and mobile applications.

  • You understand the customer experience and make business-oriented recommendations to ensure Compliance with key requirements.

What's in it for you? 

We will give you a competitive salary, bonus scheme, staff discount, sample sales and pension matching but also a fantastic bunch of flexible benefits that focus on your health, wealth & inner self for you and your friends and family.   

We are all equal! 
We’re committed to creating an inclusive workforce.  We believe in a world where you have the freedom to explore and express yourself without judgement, no matter who you are or where you’re from. Where you value yourself and feel proud of who you are. Where individuality is a source of confidence because difference makes the world a better place.  

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