MLRO and Compliance Manager

Fexco

  • London
  • Contract
  • Full-time
  • 21 days ago
Within the Fexco Group, the UK Retail Foreign Exchange (RFX) Division is one of the UK’s largest independent providers of foreign exchange services. The division operates through Currency Exchange Corporation Ltd (CEC Ltd), a Fexco-owned entity established in 1996. CEC Ltd delivers accessible, customer-focused travel money services through a network of 62 own retail locations and 150 agents across the UK. Our services are delivered under several trusted retail brands, including the well-known No1 Currency, which is recognised for its strong presence and reputation in the travel money market.In January 2026, RFX will be integrating the Sainsburys Travel Money Business into its network, more than doubling its reach.We are looking for an experienced Money Laundering Reporting Officer (MLRO) and Compliance Manager to join us on a full-time, 12-month maternity cover contract. This role is based in our London Hammersmith office, with the opportunity for hybrid working.LocationUK - LondonLocation (postcode)W60LTContract TypeFixed Term Full TimeClosing Date22/08/2025Job PurposeThe MLRO is responsible for delivering the firm’s anti-money laundering (AML) and counter-terrorist financing (CTF) and proliferation financing (PF) framework. The MLRO ensures the firm complies with all relevant AML CTF PF regulations, identifies and mitigates financial crime risks, and is represents the company with regulatory bodies such as the (HMRC) and the National Crime Agency (NCA).You will ensure the organisation meets its statutory and regulatory obligations while supporting commercial growth by embedding proportionate, risk-based controls.Key Responsibilities
  • Act as the nominated MLRO assessing internal Suspicious Activity Reports (SARs) and submitting them to the National Crime Agency (NCA) when required.
  • Develop, implement, and deliver AML/CTF policies, procedures, and controls, ensuring they meet all legislative requirements, whilst meeting commercial objectives
  • Lead transition and integration projects ensuring a proportionate risk-based approach meets legislative requirements.
  • Lead a small team of Compliance and Quality Process Assurance Officers, ensuring they are a highly engaged and motivated team.
  • Implement and maintain the Risk Management Framework, proactively identifying risks and opportunities that impact the business.
  • Monitor and assess the effectiveness of AML systems and controls, recommending improvements.
  • Ensure full compliance with data protection obligations,
  • Provide regular AML/CTF risk assessments and reports, highlighting areas of non-compliance together with recommendations for corrective action
  • Ensure ongoing compliance with the UK Money Laundering Regulations and Proceeds of Crime Act.
  • Design and deliver AML/CTF training for all relevant staff, embedding a strong culture of compliance without hindering commercial objectives.
  • Work with commercial teams to ensure new products, services, and partnerships meet AML/CTF obligations without unnecessary barriers to business.
  • Act as the point of contact with regulators, law enforcement for all external reviews
  • Attend relevant seminars and forums, representing the organisation and its view championing the business.
  • Ad hoc duties and project work as and when required by the business
Qualifications and Experience Required
  • MLRO experience essential.
  • Demonstrable experience working with HMRC.
  • Transition/integration experience essential
  • Demonstrable knowledge and understanding of the UK and EU AML, KYC, Counter Terrorist Financing and Sanctions regulatory requirements Degree in Law, Finance, Risk, or a related field (preferred).
  • Professional certifications such as ICA Diploma in AML, ACAMS, or equivalent (highly desirable).
Competencies Required
  • Commercial mindset with the ability to balance regulatory obligations.
  • Awareness and understanding of the commercial environment in which the business’ products are delivered.
  • Awareness and understanding of the regulatory framework in which the business operates.
  • Very strong analytical, verbal and written communications skills.
  • Ability to work both autonomously and as part of multi-disciplinary teams with colleagues and external advisors.
  • Ability to articulate complex issues within and outside the organisation
  • Represent the organisation and present and champion the organisation and its views with external agencies including regulatory bodies and forums.
  • Flexible, collaborative team player with a proactive approach and the ability to work on own initiative
  • Creative thinker comfortable improving current processes.
  • Ability to lead and motivate others
  • Must be flexible and have a can-do attitude and approach with a willingness to travel across the UK
Why Join Us?At Fexco, we don’t just offer a role, we offer the chance to be part of a respected global business that blends a strong compliance culture with commercial ambition. You’ll join a collaborative, forward-thinking team where your expertise will directly influence our growth and reputation in the market.You’ll receive a competitive salary, annual performance bonus, life assurance cover, a pension scheme, and access to our employee discount programme. We also provide a Bupa Healthcare Cash Plan, 24/7 Employee Assistance Programme, wellbeing webinars, and flu vaccine vouchers.Your professional development is important to us, and we’ll support it through LinkedIn Learning, in-house training, and mentoring. You’ll be part of an inclusive workplace that values engagement, recognition, and making a positive impact, whether through our employee events, recognition schemes, or our commitment to corporate social responsibility and sustainability.Fexco is an equal opportunities employer and is proud to foster a work environment where our people are supported and encouraged to be themselves. We welcome applicants of all backgrounds and sections of society and each application is given fair consideration.

Fexco