Isle of Man Money Laundering Reporting Officer

JOB TITLE: Isle of Man Money Laundering Reporting Officer

SALARY: £65,385 - £72,650

LOCATIONS: Douglas

HOURS: Full-Time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week or 40% of your time at one of our office sites

About This Opportunity

Join us on our journey to transform Lloyds Bank Corporate Markets, Crown Dependencies and shape our compliance and regulatory proposition. We're investing in our people, processes, and technologies to make LBCM Crown Dependencies the best place for everyone, including you!

This is an exciting and demanding position for a Money Laundering Reporting Officer (MLRO) to work within the Crown Dependencies (Isle of Man). The MLRO will play a vital role in ensuring compliance with AML/CFT regulations and maintaining the integrity of our financial services.

You'll be part of a diverse team within Crown Dependencies Risk function, working collaboratively to support a fast-paced change environment. You’ll be empowered to use your knowledge and experience to help the business expand, and in return, we'll develop your skills further.

As this is a regulated role, we’ll need to obtain formal approval from the relevant regulatory authority before you can begin. This ensures that only individuals who meet the highest standards of integrity, competence and accountability are appointed to key positions within the financial services sector.

Key Accountabilities

• Act as the Isle of Man MLRO, ensuring compliance with all relevant AML/CFT laws and regulations.

• Receive, assess and decide on internal Suspicious Activity Reports (SARs), maintaining accurate records and managing follow-up actions.

• Make external disclosures to the Financial Intelligence Unit (FIU) and liaise with regulators as required.

• Maintain and oversee the SAR register, ensuring timely and appropriate responses to production orders and regulatory requests.

• Collaborate with internal and external auditors and regulatory bodies to ensure robust AML/CFT controls.

• Provide subject matter expertise to support business growth while maintaining a strong financial crime risk framework.

Why Lloyds Banking Group?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.

What You'll Need

• Proven experience and knowledge in AML/CFT regulations and compliance.

• Have attained a diploma level qualification in a relevant discipline.

• Proven experience as an MLRO within a Crown Dependency Financial Institution.

• Experience in making external disclosures to Financial Investigations Units (FIUs) and regulators.

• Knowledge of local laws, regulations, and AML/CFT handbooks for Jersey, Guernsey and Isle of Man.

• Experience in financial crime investigation and handling production orders.

• Excellent communication and collaboration skills to influence stakeholders at all levels.

• Strong analytical and problem-solving skills with the ability to make sound decisions under pressure.

About Working For Us

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we’re committed to creating an environment in which everyone can thrive, learn and develop.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual performance-related bonus

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 30 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

Ready to start growing with purpose? Apply today!