Money Laundering Reporting Officer (MLRO), Europe
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Job Summary
We believe that the way people interact with their finances will drastically improve in the next few years. Were dedicated to empowering this transformation by building the tools and experiences that thousands of developers use to create their own products. Plaid powers the tools millions of people rely on to live a healthier financial life. We work with thousands of companies like Venmo SoFi several of the Fortune 500 and many of the largest banks to make it easy for people to connect their financial accounts to the apps and services they want to use. Plaids network covers 12000 financial institutions across the US Canada UK and Europe. Founded in 2013 the company is headquartered in San Francisco with offices in New York Washington D.C. London and Amsterdam.
The Europe Policy Privacy Legal & Compliance (PPLC) team guides Plaids regulatory strategy and ensures strong governance across the UK and EU. We partner with business and product teams to deliver compliant growth shape policy and regulatory engagement and uphold high standards of legal compliance and governance excellence.
The MLRO will have primary responsibility for the firms UK AML/CTF framework and will act as the senior AML subject-matter lead for EU operations. The role includes day-to-day management of the compliance analyst team supporting AML CDD transaction monitoring SARs and fraud-related reviews and carries personal regulatory accountability within its remit.
The MLRO will report to the Head of Legal & Compliance (Europe) who retains overall senior leadership responsibility for the firms financial crime framework. The MLRO is responsible for the effective operation of AML and fraud controls and for escalating material risks and issues as appropriate.
Given the firms risk profile the MLRO will also initially act as the firms lead internal authority on fraud recognising fraud as a key predicate offence to money laundering and will work closely with relevant teams to ensure risks are identified and addressed promptly.
Responsibilities
- Act as the firms MLRO under UK regulations including accountability under the UK Money Laundering Regulations and FCA expectations.
- Receive assess and determine appropriate action on internal SARs including submission of external SARs to the NCA.
- Maintain and enhance the UK AML/CTF framework including policies procedures controls and risk assessments.
- Serve as the primary point of contact with the FCA on AML/CTF and financial crime matters including supervisory engagement audits and inspections.
- Provide AML oversight for Dutch entities ensuring compliance with EU AML directives and local legislation.
- Coordinate AML activity across jurisdictions.
- Drive consistency of AML standards across the UK and EU while allowing for local regulatory nuance.
- Support engagement with EU competent authorities where required.
- Set clear expectations for investigation standards documentation quality and regulatory defensibility.
- Ensure sufficient resourcing escalation pathways and controls are in place to manage volume spikes and emerging risks.
- Act as the final escalation point for complex or high-risk cases reviewed by the team.
- Work allocation prioritisation and quality assurance
- Performance management and professional development
- Coaching analysts on AML SAR decision-making and fraud-related escalation
- Influence the design and improvement of fraud detection and prevention controls where they overlap with AML risk.
- Act as the firms initial escalation point for fraud particularly where fraud intersects with AML obligations.
- Identify emerging fraud typologies
- Assess money laundering risk arising from fraud incidents
- Ensure appropriate SARs reporting and remediation actions are taken
- Own and maintain the enterprise-wide AML/CTF risk assessment for the UK and EU.
- Provide regular clear reporting to senior management and the Board on AML and fraud risk.
- Deliver credible challenge to the business when financial crime risk exceeds appetite (even when thats inconvenient).
- Oversee AML and fraud-related training programmes ensuring they are practical role-specific and current.
Qualifications
- 5 years of proven experience as an MLRO or a highly experienced Deputy MLRO within a regulated financial services environment.
- Demonstrated experience managing and leading compliance analysts or investigations teams.
- Strong working knowledge of UK AML/CTF regulations SAR obligations and FCA expectations.
- Practical experience with EU AML frameworks including cross-border operational challenges.
- Solid understanding of fraud typologies and fraud as a predicate offence to money laundering.
- Experience in fintech payments banking or financial infrastructure.
- Prior engagement with regulators and auditors.
- Nice to have Experience scaling or transforming a compliance function in a growth environment.
- Nice to have Relevant professional qualifications (ICA ACAMS etc.).
Our mission at Plaid is to unlock financial freedom for everyone. To support that mission we seek to build a diverse team of driven individuals who care deeply about making the financial ecosystem more equitable. We recognize that strong qualifications can come from both prior work experiences and lived experiences. We encourage you to apply to a role even if your experience doesnt fully match the job description. We are always looking for team members that will bring something unique to Plaid!
Plaid is proud to be an equal opportunity employer and values diversity at our company. We do not discriminate based on race color national origin ethnicity religion or religious belief sex (including pregnancy childbirth or related medical conditions) sexual orientation gender gender identity gender expression transgender status sexual stereotypes age military or veteran status disability or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories consistent with applicable federal state and local laws. Plaid is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance with your application or interviews due to a disability please let us know at emailprotected.
Please review our Candidate Privacy Noticehere.
Required Experience:
Unclear Seniority
Key Skills
- English
- Communication
- Data Mining
- Journalism
- Corporate Attorney
About Company
Plaid helps all companies build fintech solutions by making it easy, safe and reliable for people to connect their financial data to apps and services.
