Money Laundering Reporting Officer Job London area,Greater London England UK,Finance & Banking

Location: Greater London

Open to contract, full-time or part-time applicants.

The Company:

Stream was founded with the mission to provide fair financial tools to the everyday worker. Offered through destination employers like Greene King, Bupa, Burger King, Asda and the NHS, our award-winning platform helps over three million people to earn, learn, save, spend and borrow on their own terms, all in one smartphone app.

Stream is unique: VC backed and growing at scale, but with a social conscience. Some of the world's leading impact funds were our founding investors, and we operate on a social charter, which means every product and service we create must measurably improve financial wellbeing.

You’d be joining a team of over 300 passionate, ambitious people across Europe and the USA, building a category-defining product, and united by that same mission.

The Opportunity:

Stream is growing! Here at Stream we put a great emphasis on helping people and doing the right thing.

We are seeking an experienced MLRO to lead the second line of defence (2

LOD) monitoring and oversight responsibilities with regards to financial crime. As the MLRO, you’ll have a significant opportunity for impact as Stream continues to scale. From owning the oversight, maintenance, and implementation of AML systems and controls to defining the oversight strategy which protects our customers and helps our products scale. You will work closely with the Compliance team and with First Line teams to bring together a cohesive aligned approach.

You will have expert knowledge on all things financial crime, including the requirements of the Money Laundering Regulations, FCA requirements, Sanctions requirements, and Fraud mitigation and management.

The Team:

Reporting to the Director of Compliance you will be the FCA approved MLRO function (SMF
17) an integral part of a small collaborative team providing oversight and second Line support to various Stream entities to assist in achieving our ambitious goals.

The Team:

What will you be doing?

Take responsibility for the development and maintenance of a robust company wide anti-financial crime strategy. Ensuring that all Stream entities remain within risk appetite and compliant with the requirements of legal and regulatory requirements.
Oversee, review and enhance the financial crime framework, policies, and procedures in line with industry best practice and regulatory requirements.
Complete monitoring reviews and risk assessments of financial crime controls and providing summaries and feedback of any findings to management and the Board, tracking actions, to closure and completing re-assessments where required.
Development and maintenance of an effective and impactful training programme ensuring staff understanding.
Completing all external reporting obligations, including regulatory reporting and submissions to the NCA or OFAC as required .
Compile, review, and enhance periodically, relevant management information identifying and summarising trends and escalating where necessary.
Keep abreast of regulatory developments and industry best practice and communicate these to the relevant business areas, tracking any required actions to completion
Review new relationships, initiatives, and products for financial crime impact
Complete on an annual basis an MLRO report for each relevant entity
Complete on an annual basis a financial crime business wide risk assessment for each relevant entity

What experience might you have?

Must-haves: (But if you’re close… we'd still love to talk to you!)

2-3 years experience as an MLRO in a fintech/start-up credit/payment services environment
5-7 years experience in financial crime related roles
Professional qualifications such as ICA Diploma, CAMS, or equivalent.
Inquisitive and truth seeking attitude with an inclination to challenge the status quo on a proportionate basis
The ability to work autonomously
Strong communication skills and the ability to tailor and…