MLRO - UK at Binance

London, England, United Kingdom

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Cryptocurrency, Blockchain, Financial ServicesIndustries

Requirements

Minimum 6 years’ experience as an MLRO or Deputy MLRO within a regulated financial services or cryptoasset business
Deep knowledge of UK AML/CTF regulations (MLR, Proceeds of Crime Act 2002, Sanctions and Anti-Money Laundering Act 2018)
Demonstrated experience with the UK Financial Promotions Regime, ideally including cryptoasset or high-risk investment promotions
Proven engagement with the FCA, including in relation to AML supervision, regulatory reporting, or authorisation processes
Working knowledge of blockchain technology, digital assets, and associated AML typologies
Strong understanding of FSMA, SYSC, COCON, SM&CR, and the FCA’s FCG
Ability to work independently in a fast-paced, global organisation maintaining close contact with relevant teams across multiple locations
Excellent problem solving skills and ability to provide useful and efficient counsel
Good understanding in performing risk assessments, periodic/trigger reviews and enhanced due diligence
Curious to learn independently and confident to ask questions to achieve the best results
Proactive and self-oriented, diligent team player
Professional qualifications such as ICA Diploma in AML, CAMS, or equivalent are highly desirable

Responsibilities

Serve as the firm’s nominated officer under Regulation 21 of the Money Laundering Regulations 2017 (as amended) (the “MLR”)
Maintain and oversee the firm’s AML/CTF/CPF compliance framework, including compliance policies and processes, ensuring alignment with the MLR, FCA expectations and the FCA Financial Crime Guide (“FCG”)
Oversee the firm’s enterprise-wide risk assessment (“EWRA”), customer risk assessments, and enhanced due diligence for higher-risk relationships
Receive, assess, and investigate internal Suspicious Activity Reports (SARs) and determine when to escalate to the NCA
Design and oversee the implementation of appropriate AML/CFT monitoring systems and controls, in the context of outsourcing day-to-day financial crime processes
Ensure robust training programmes for employees, including bespoke sessions for front-line, onboarding, and marketing staff, as required
Report regularly to the Board on the firm’s financial crime risk exposure, control effectiveness, and key metrics
Oversee and advise on compliance with the UK Financial Promotions Regime under section 21 of FSMA and relevant FCA rules
Ensure all cryptoasset financial promotions comply with the FCA’s fair, clear, and not misleading standard, mandatory risk warnings, and consumer categorisation rules
Collaborate with Marketing, Product, and Legal teams to ensure that promotions are approved, documented, and monitored
Maintain an up-to-date understanding of the cryptoasset financial promotions regime, including changes under the new section 21 approver regime and CP25/25 Handbook applications
Support readiness for future cryptoasset-specific rules under CP25/25, including Consumer Duty, etc
Advise the firm on emerging AML/CFT/CPF and cryptoasset regulation trends
Provide subject-matter expertise to the Board and senior management on FCA financial crime expectations, Cryptoasset AML registration, and FSMA authorisation processes

Skills

AML

CTF

CPF

Money Laundering Regulations 2017

FCA Compliance

Financial Crime Guide

SARs

NCA Reporting

Enterprise-Wide Risk Assessment

Enhanced Due Diligence

Financial Promotions Regime

FSMA

Cryptoasset Compliance

Binance

Cryptocurrency exchange for trading and earning

About Binance

Binance is a cryptocurrency exchange platform where users can buy, sell, and trade a variety of cryptocurrencies, including Bitcoin and Ethereum. It offers multiple trading options such as Spot, Margin, and Futures markets, along with a peer-to-peer service for direct transactions. Users can also earn interest on their crypto holdings through Binance Earn and trade NFTs in its marketplace. Binance stands out as the largest crypto exchange by trade volume, aiming to provide comprehensive services for both new and experienced traders.

Valletta, MaltaHeadquarters

2017Year Founded

$9.7MTotal Funding

SERIES_ACompany Stage

Crypto & Web3, Financial ServicesIndustries

5,001-10,000Employees

Benefits

Competitive salary

Option to be paid in crypto

Health insurance

Flexible working hours

Remote work for many roles

Company sponsored holidays

Learning and development programs

Free language classes

Relocation support

International transfers mid-career

Risks

Regulatory scrutiny in the U.S. could impact Binance's operations and reputation.

Allegations of internal misconduct may lead to legal complications for Binance.

Expansion into new markets like Brazil poses integration and compliance challenges.

Differentiation

Binance offers a comprehensive range of crypto services, including trading and NFTs.

It is the largest crypto exchange by trade volume, serving over 166 million users.

Binance provides unique products like Binance Earn and a Launchpad for new tokens.

Upsides

Binance benefits from the growing popularity of crypto staking and yield farming.

Increased interest in Layer 2 solutions could boost Binance's trading volume.

Stablecoin adoption for cross-border transactions may increase Binance's trading volumes.

Land your dream remote job 3x faster with AI

Try Jobo Free