Money Laundering Reporting Officer in London

Location: London

Salary: Hidden

Recruiter: Western Union

Job Hours: Full-time

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Money Laundering Reporting Officer

Do you want to bring your extensive experience in AMLCompliance to a dynamic international money transfer organization? Are you excited to be working internationally on a daily basis? Join Western Union as a Leader, AML Compliance. This position is a qualifying Controlled Functions position.

Western Union powers your pursuit.

We’rethe company that moves money around the world quickly and reliably in 200 countries and territories. We are also present in over 510,000 locations bringing immense distribution convenience to our consumers. But we’re on the cusp of becoming much more than that. Our vision is to be the preferred financial services provider for the underserved – billions of people and businesses with unmet financial service needs. That means aggressively pursuing digital, mobile, ATM/kiosk and stored value card strategies that meet the needs of today’s global consumers and businesses. So if you’re looking for a company on the move – and truly one of the most diverse work environments on the planet – then Western Union could be for you.

We are seekingan experienced Money Laundering Reporting Officer. This position is a qualifying Controlled Functions position.

Role Responsibilities

Oversight of WUPSIL’s process for investigation of potentially suspicious activity and determination if reporting is required to Financial Intelligence Units (“FIUs”) or other authorities in relevant jurisdictions

Oversight of suspicious transaction reporting process, including that reports are made to relevant authorities in appropriate jurisdictionsin a timely manner

Investigation and management of potential sanction matches, including coordination with FIUs and appropriate follow-up actions

Retaining sufficient knowledge of the laws and regulations in the jurisdictions in which WUPSIL operates, and WUPSIL’s products, services and systems

Ensuring appropriate records are retained in relation to suspicious activities identified and investigated, both in respect of reports made and decisions not to report

Work closely with country Risk assessment teams/EUROC/Local AML Teams to review and arrange final sign-off of country Business rules and Decision Matrices. Work in collaboration with RA, EUROC, Local Compliance

Provide oversight of suspicious transaction reporting by approving business rules and decision matrices. MLRO attends and supports WUPSIL AML Risk Committee. Strong experience in making sure that the monitoring system is aligned with RA & Decision Matrix review.

Close and regular contact with EUROC is essential to monitor and oversee the STR reporting process- Covered by an SLA with WUPSIL.

Role Requirements

Bachelor's degree or equivalent education required.

Knowledge of retail/commercial financial products/services.

In-depth understanding of anti-money laundering regulations within the banking/financial services industry.

Understanding/exposure to EU Regulations/Legislation

Proven track record of moderately complex problem solving and decision-making ability.

Strong analytical skills.

Effective communicator, orally and in writing.

Relevant experience in complex retail/consumer financial services/payment services organizations with multiple financial products, or a regulatory agency or law firm involving payment services compliance issues relating to anti-money laundering acts, and related laws/regulations.

Written and spoken fluency in English

Fluency in additional European languages would be beneficial (e.g., German, Italian or Spanish).

Strategic Thinking and Planning

Strong analytical skills

Understanding of technology and best practices in the compliance field

Ability to travel within Ireland and outside Ireland (primarily the EU) on a regular basis and in accordance with identified needs (25 % of time)

We make financial services accessible to humans everywhere. Join us for what’s next.

Western Union is positioned to become the world’s most accessible financial services company —transforming lives and communities. We’re a diverse and passionate customer-centric team of over 8,000 employees serving 200 countries and territories, reaching customers and receivers around the globe. More than moving money, we design easy-to-use products and services for our digital and physical financial ecosystem that help our customers move forward.

Just as we help our global customers prosper, we support our employees in achieving their professional aspirations. You’ll have plenty of opportunities to learn new skills and build a career, as well as receive a great compensation package. If you’re ready to help drive the future of financial services, it’s time for Western Union. Learn more about our purpose and people at .

Benefits

22 working days for employees with less than 3 years of service

Comprehensive life & medical cover

Contributory pension plan

We are passionate about diversity. Our commitment is to provide an inclusive culture that celebrates the unique backgrounds and perspectives of our global teams while reflecting the communities we serve. We do not discriminate based on race, color, national origin, religion, political affiliation, sex (including pregnancy), sexual orientation, gender identity, age, disability, marital status, or veteran status. The company will provide accommodation to applicants, including those with disabilities, during the recruitment process, following applicable laws.

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