1st Formations - Money Laundering Officer (MLRO)
Upload My Resume
Drop here or click to browse · Tap to choose · PDF, DOCX, DOC, RTF, TXT
Requirements
• 10+ years of compliance and risk leadership in a regulated sector — financial services, fintech, payments, or similar • Proven experience as an MLRO or Deputy MLRO, with direct responsibility for SAR submissions and engagement with the NCA and FCA • Deep expertise in AML and financial crime, with strong working knowledge of the Proceeds of Crime Act, Money Laundering Regulations, GDPR, and FCA guidance • Experience building and managing risk frameworks using the three-lines-of-defence model at scale • A track record of regulatory horizon scanning and delivering compliance change programmes on time • Experience managing and developing compliance teams, including line management of junior staff • Familiarity with AML monitoring systems and case management platforms • A pragmatic, business-enabling mindset — able to advise on risk-based decisions that support growth rather than obstruct it • Strong stakeholder management skills, with the ability to communicate complex regulatory matters clearly to senior leadership and external partners • Analytical, data-driven approach to assessing risk posture and prioritising remediation • Relevant professional qualification (ICA, CAMS, CISI, or equivalent) strongly advantageous; Bachelor's degree required • Experience in a founder-led or fast-growth environment is desirable
Responsibilities
• The postholder will act as a business-enabling partner, working closely with the COO and CEO to translate regulatory requirements into practical action plans, ensuring commercial growth is pursued confidently within a defined risk appetite. • Serve as the registered MLRO, with full responsibility for suspicious activity reporting, SAR submissions, and direct engagement with the NCA and FCA • Own and evolve the group risk framework, including the risk register, risk appetite statements, and the three-lines-of-defence model • Lead AML and financial crime compliance across the group, ensuring ongoing adherence to the Proceeds of Crime Act, Money Laundering Regulations, and GDPR • Oversee KYC controls, sanctions screening, and SAR reporting — continuously optimising processes to handle high volumes of customer onboarding and transactional activity • Drive regulatory horizon scanning, proactively tracking changes to the regulatory landscape and briefing senior leadership with clear, actionable plans • Maintain and improve control effectiveness, overseeing first-line self-assessment and second-line assurance activity, ensuring audit findings are actioned within agreed SLAs • Partner with business leaders and commercial teams to enable growth by embedding compliance into operational and product development processes • Manage relationships with external regulators, auditors, and relevant third parties with professionalism and confidence • Oversee compliance tools and technologies, including AML monitoring systems and case management platforms • Monitor and report on risk posture and compliance KPIs, providing regular updates to the COO, CEO, and senior leadership
Benefits
• At 1st Formations, we empower entrepreneurs to start, run, and grow their businesses with confidence. • Running a business shouldn’t be slowed down by company formation, statutory compliance, accounting, or payroll. From day one, these essentials should be seamless, reliable, and intelligently handled — freeing founders to focus on building and scaling. • We’re a leading UK provider of company formation and compliance services, building a modern, fully integrated technology platform that supports founders at every stage of their journey. Our platform brings together formation, compliance, accounting, payroll, and ongoing business support in one cohesive experience. • No stitched-together services. No legacy workflows disguised as software. • Just a single, scalable platform built for ambitious founders who want to move fast, stay compliant, and grow with confidence. • You’ll be joining a business with strong momentum, clear direction, and real opportunity for progression. • £18m annual revenue, including £9m ARR • Over 1 million companies formed • Certified B Corp and Carbon Neutral Business • Forecast to grow 5x–10x over the next three years • Competitive salary and comprehensive benefits package • Hybrid working model- Mondays, Wednesdays and Fridays in the Office. • Real opportunities for progression as the business scales • The chance to influence both customer experience and product development • A culture that values ownership, impact, and continuous learning
No credit card. Takes 10 seconds.