The Deputy Money Laundering Reporting Officer Gibraltar is a key role within the Legal, Risk and Compliance team and is responsible helping to ensure BV Gaming has effective systems, controls and procedures in place to prevent financial crime and remove the risk of money laundering or terrorist financing within its business. This will involve helping to develop, coordinate and monitor the effectiveness of AML controls applicable for its licensed entities in all territories where BetVictor holds gaming licenses.  They will also proactively assess business AML compliance, identify potential weaknesses and recommend measures to rectify them

Key Responsibilities / Duties:

·       Accountable to the MLRO for ensuring adherence to regulations relating to money laundering and terrorist financing, and holding the function as a Nominated Officer[1];

·       Identifying areas of MLTF risk, developing and implementing corrective action plans for resolution of problematic issues, as well as launching initiatives to counter those risks;

·       Assist the MLRO in developing a detective and preventive control framework and installation roadmap in accordance with the company’s conduct risk framework;

·       Review and recommend any changes to the current internal practices, measures, procedures and controls relevant to the prevention of money laundering and terrorist financing;

·       In collaboration with the MLRO, review and sign-off customers deemed ‘higher risk’ by BetVictor’s risk systems to ensure any risks presented by the customer’s profile are managed and mitigated in-line with P&Ps; 

·       Keep abreast of regulatory changes and conduct GAP analyses of existing controls to identify changes necessary to the company’s AML approach and controls;

·       Assist the MLRO in compiling the annual and half yearly MLRO Board reports as well as quarterly periodic reports;

·       Receive and review Suspicious Activity Reports (SARs) and submit to the appropriate FIU

·       In collaboration with the MLRO review and update AML/CTF and SAR sections of the relevant business policies and procedures (P&Ps) and put in place remediation plans for P&P issues that come up from time to time;

·       Ensure accurate and effective maintenance of the formal record keeping within the AML and KYC control frameworks;

·       Help co-ordinate the production of regular Senior Management and Board reports and departmental regulatory updates;

·       Work with the MLRO to ensure the AML/CTF risk assessment is updated & maintained and the risk mitigations are sufficiently reflected in our internal P&Ps;

·       Provide and deliver Learning and Development training that reflects regulatory/legal changes.

·       Monitor client and business partner on-boarding processes, Ensuring appropriate staff are fully informed and trained with regards to KYC and EDD requirements;

·       Collaborate and liaise with the departmental leads, internal departments, regulators, authorities and external service providers as appropriate to resolve compliance issues.

·       Attend regulatory, technical and external compliance meetings and forums and produce summary papers/minutes; and

·       In tandem with MLRO develop skills, knowledge and business profile in line with succession plan.

·       Deputise for the MLRO as required ensuring appropriate oversight of all MLTF related operations.

Person Specification, Skills, Experience & Qualifications:

·       Practical experience working in a regulated gambling operator or financial services business as the nominated officer, or comparable background in financial crime enforcement;

·       Previous experience working with law enforcement agencies;

·       Strong communication skills with the ability to communicate and gain the respect of all levels of management and staff;

·       Detailed knowledge of EU Money laundering Directives, UK and Gibraltar Money Laundering Regulations, and the relevant licensing authority guidance notes;

·       Appreciation of the mechanics & workings of the law enforcement agencies & courts

·       Strong administrative skills;

·       Strong attention to detail to ensure all documentation, reports and corporate filings are accurate;

·       Ability to work under pressure and in a fast-paced environment;

·       Fluent English if not a native speaker;

·       Strong sense of what's right and wrong and willingness to challenge and escalate as required; and

·       An ability to champion and actively support cultural change.