Deputy Laundering Reporting Officer

Job Description

NOTE:

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

This position provides specialised support to the Money Laundering Reporting Officer (MLRO) by implementing appropriate frameworks, minimum standards and processes to ensure compliant business operations, thereby avoiding operational losses, fines, penalties or reputational damage. The DMLRO may deputise the MLRO to represent Standard Bank Isle of Man Limited, Standard Bank South Africa Isle of Man Branch, Standard Finance Limited (SBIOM) and the Financial Services Authority.

The role supports the MLRO in fully discharging 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 full MLRO responsibilities at any time.

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

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

• 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.

• Articulating Information
• Challenging Ideas
• Convincing People
• Empowering Individuals
• Establishing Rapport
• Examining Information

• Financial Industry Regulatory Framework
• Legal Compliance