Get better control & visibility for cards and expenses with our Summer '25 release!

Learn moreArrow

Get better control & visibility for cards and expenses with our Summer '25 release!

Learn moreArrow

MLRO

Type
Full-time
Location
London
Team
Compliance
Apply now
Share this position
LinkedInFacebookTwitter
Back
View all positions

Company Mission

Payhawk is a leading global spend management solution for scaling businesses. Headquartered in London and combining company cards, reimbursable expenses and accounts payable into a single product; its future-facing technology enables finance teams to control and automate company spending at scale.

The Payhawk customer base includes fast-growing and mature multinational companies in 32 countries including LuxAir, Quantive, and Wagestream. With offices in New York, London, Berlin, Munich , Barcelona, Paris, Amsterdam, Vilnius and Sofia; Payhawk is backed by renowned investors such as Lightspeed Venture Partners, Greenoaks, QED Investors, Bek Ventures and Eleven Ventures.

Our values include supporting flat hierarchies, taking ownership and responsibility, seeking and providing feedback, managing constructive critique, and speaking our minds. We understand that the best ideas don’t all come from the same place, so we encourage diversity and inclusion in all areas of our work.

The future of fintech is about more than money, and we believe in work-life balance, continual learning, and empowered teams. We’re also on a journey to measure and improve our environmental and social impact. From virtual cards to digital subscriptions, our software and automation help take paper out of the equation for our customers, too.

We’re changing the world of payments, and we’re looking for an exceptional team to help us.

We are seeking an experienced and dedicated Money Laundering Reporting Officer (MLRO) to lead our anti-financial crime efforts. As MLRO, you will be responsible for ensuring our company complies with all UK anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. You will develop and manage our AML/CTF systems, advise senior management on financial crime risks, and act as the key contact with regulatory bodies like the FCA and NCA.

Key Responsibilities:

  • Develop & Oversee AML/CTF Framework: Create, implement, and maintain our company's AML/CTF policies, procedures, and risk assessment to prevent financial crime.
  • Nominated Officer: Hold the Nominated Officer role under the Money Laundering Regulations.
  • Regulatory Compliance: Ensure we meet all legal and regulatory AML/CTF requirements in the UK.
  • Suspicious Activity Reporting: Act as the nominated officer for receiving internal suspicious activity reports (SARs) and submitting SARs to the National Crime Agency (NCA) when necessary.
  • Risk Management: Identify and assess financial crime risks relevant to our EMI services (e.g., customer verification, transaction monitoring) and implement controls to manage them.
  • Training & Awareness: Develop and deliver AML/CTF training to all staff to ensure they understand their responsibilities.
  • Reporting & Advisory: Report to senior management and the Board on AML/CTF matters and provide expert advice on financial crime risks.
  • Liaison: Be the main contact for the FCA, NCA, and other relevant authorities on AML/CTF issues.
  • Escalation: Be the Subject Matter Expert and point of escalation for the 1st Line onboarding and monitoring teams.

Key Requirements:

  • Proven experience as an MLRO or Deputy MLRO, ideally within an EMI or regulated financial services firm in the UK.
  • In-depth knowledge of UK AML/CTF legislation (e.g., MLRs 2017, POCA 2002) and regulatory guidance (FCA, JMLSG).
  • Strong understanding of financial crime risks affecting EMIs.
  • Experience in developing and implementing AML/CTF policies, procedures, and risk assessments.
  • Ability to conduct thorough investigations and make sound judgments on suspicious activity.
  • Excellent communication and interpersonal skills, with the ability to advise senior management and liaise effectively with regulators.
  • Ability to work independently and lead the financial crime prevention function.

Company Benefits

  • 30 days holiday paid leave
  • Payhawk company card
  • Monthly travel allowance
  • Health insurance (including dental)
  • Fitness membership through ClassPass
  • Competitive compensation package
  • Regular team-wide events
  • Exchange program to another one of our offices (Amsterdam, Berlin, Barcelona, Paris, Vilnius, Sofia).

Payhawk is an Equal Employment Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status.