The Money Laundering Reporting Officer (MLRO) is responsible for assessing, setting and
documenting the risk-based approach to the management and control of financial crime risks across
all UHIOML businesses and communicating this to key business stakeholders. The role holder will act
as the designated MLRO for the Isle of Man regulated entities. Whilst carrying out 2nd line financial
crime activities, the role holder’s responsibilities will extend to supporting the Head of Compliance
and Chief Risk Officer in providing 2nd line oversight and advice in relation to financial crime
matters. This will include assisting UHIOML’s management in the identification and INTERNAL USE
ONLY understanding of risk drivers, thereby enabling management to take effective action and
appropriate decision-making to ensure the financial crime controls remain robust. The role holder
will ensure that UHIOML’s risk appetite to financial crime risk is met whilst ensuring positive
outcomes for our customers
• Act as designated MLRO.
• Ultimate responsibility for the receipt and review of internal disclosures, making external
disclosures and liaison with relevant competent authorities.
• Provide support and assistance to the Chief Risk Officer and Head of Compliance as required
and ensure the provision of effective 2nd line guidance and support to the 1st line.
• Responsible for designing appropriate financial crime frameworks which are compliant with
relevant Group Policies in the context of local legal and regulatory requirements and aligned
to supporting the business strategy.
• Primary liaison point for matters relating to enquiries by law enforcement and other
authorities into policyholder affairs, including matters relating to potential criminal activity.
• Manages and oversees the delivery of forensic financial crime investigation and customer
due diligence standards.
• Delivers effective and compliant mechanisms and tools to screen customers, business
partners and outsourced supplies.
• Responsible for assessing anti-bribery and corruption, sanctions, money laundering fraud
risks, setting appetite and monitoring threats and intelligence
• Provides guidance and support to Senior Management, and legal entity boards relating to
the management of financial crime based on correct technical and legal interpretation.
Produces and where appropriate delivers reports to relevant forums, including Board
reports, Risk & Compliance Committee, Risk Assessments and MI relating to management
and governance of financial crime risks.
• In addition to specific 2nd line activity, review exposure to Financial Crime risk and work
with Senior Management to ensure that Financial Crime risk is being identified, monitored
and managed by 1st line to an appropriate appetite within each entity. Work with the
International businesses to define actions that will address shortcomings in 1st line
management of financial crime risks.
• Proactively develop and maintain knowledge of industry themes and best practice in risk
assessment and forensics relating to all aspects of Financial Crime including, money
laundering, terrorist financing, sanctions compliance, fraud, tax evasion and bribery &
• Provide the correct technical and commercial interpretation of applicable regulatory
• Manages a Team of up to 5 staff.
Key Performance Indicators
• Level of regulatory compliance and no surprises
• Risk Team Audit results
• Stakeholder feedback
• Department goals achieved
• Strong understanding of the financial crime field across industry, the Group and the
appropriate implementation of the same across the International businesses will be a key
• Commercial acumen – evidence of good understanding of business strategy through
programmes of work over both short and long-term cycles; and an understanding of
• Stakeholder management – good influencing skills and an ability to coach, facilitate and
influence up to Managerial level.
• Personal drive – delivery focused, with high energy & drive, and ability to deliver through
• Ability to manage and coach others
• Commitment to organisational excellence.
• Displays independence, honesty, integrity, and a strong sense of ethics in all decisions and
• Strong operational management skills, with excellent analytical skills.
• Able to work on own initiative, as well as diverse groups
• Good communicator, able to coach, present and influence audiences at all organisational
• Ability to deliver to tight deadlines, in particular in instances where the law and regulations
dictate timeframes for responsiveness.
• Capable of maintaining the secrecy and confidentiality of professional matters where it is
supported by law
This role will be subject to regulatory approval, as you will be required to hold MLRO positions. You
will be expected to adhere to the following Conduct Rules and Standards:
• You must act with integrity
• You must act with due skill, care and diligence
• You must be open and co-operative with the applicable regulators
• You must pay due regard to the interests of customers and treat them fairly
• You must observe proper standards of market conduct
Knowledge, Skills & Experience
• Preferably a graduate with numerate, business related or analytical based degree. Should
hold formal qualification in Compliance and/or Financial Crime.
• Strong analytical and organisational skills.
• Experience in a 2LOD financial crime role within the finance sector having previously held an
MLRO role in a regulated entity.
• Good technical knowledge of Compliance, Regulatory, and Legislative requirements,
predominantly from Isle of Man, UK, EU & Singapore perspectives. INTERNAL USE ONLY
• Working knowledge of financial products, industry practice and regulatory
• Experience in defining and delivering MI and reporting