Deputy Money Laundering Reporting Officer – Crown Dependencies

JOB TITLE: Deputy Money Laundering Reporting Officer – Crown Dependencies

LOCATION(s): Isle of Man

SALARY: Competitive package available

HOURS: Full-Time

WORKING PATTERN: Currently our work style is hybrid, which involves spending at least two days per week or 40% of your time at our office in Douglas Villiers House.

The role is based in the Isle of Man, within Lloyds Bank Corporate Markets - Crown Dependencies (non-ring-fenced Bank) – Candidates need to already have the legal right to live and work in the Isle of Man. (Please note that this is different to the right to work in the UK)

About This Opportunity

Are you ready to step into a role where your expertise can truly make an impact? At Lloyds Bank Corporate Markets in the Crown Dependencies, we’re on a mission to redefine how we manage financial crime risk across the Crown Dependencies, and we’re looking for a standout Deputy Money Laundering Reporting Officer (DMLRO) to help lead the way.

This is more than just a compliance role. It’s a chance to be at the forefront of regulatory transformation, working in a high-profile position that directly supports the safety and integrity of our financial services. You’ll be part of a forward-thinking team across the 3 Crown Dependency Islands that values innovation, collaboration and continuous improvement. We’re investing in our people, our processes and our technology to build something exceptional, and we want you to be part of it.

You’ll join a supportive and diverse Risk function where your voice will be heard and your ideas welcomed. In return, we’ll give you the tools, trust and opportunities to grow your career in a role that truly matters.

Key Accountabilities

• Act as Deputy Money Laundering Reporting Officer (DMLRO) for the Isle of Man, supporting the MLRO and ensuring compliance with the Isle of Man AML/CFT Code 2019 and AML/CFT Handbook, including maintenance of effective systems and controls for the prevention and detection of money laundering, terrorist financing and proliferation financing.

• Receive, assess and decide on internal Suspicious Activity Reports (SARs), maintaining accurate records and managing follow-up actions. Ensure timely escalation to the MLRO where required

• Make external disclosures to the Financial Intelligence Unit (FIU) and liaise with regulators as required.
• Maintain and complete SAR register and records of decisions, ensuring timely and appropriate responses to production orders and regulatory requests.
• Collaborate with internal and external auditors and regulatory bodies.
• Provide subject matter expertise to support business growth while maintaining a strong financial crime risk framework.
• Provide Politically Exposed Person (PEP) relationships, reviews.
• Provide high-Risk / Very High Risk (VHR) customer reviews, including challenge of risk assessments and customer risk ratings.

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.
• Knowledge of local laws, regulations, and AML/CFT handbooks for Jersey, Guernsey and Isle of Man.
• Proven experience as a Deputy MLRO within a Crown Dependency Financial Institution.
• Experience in making external disclosures to Financial Investigations Units (FIUs) and regulators.
• 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 focus is to ensure we’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. 

As an inclusive employer, we offer Workplace Adjustments for colleagues with a disability (which may include long term health and neurodivergent conditions) where it is reasonable to do so. This could include flexibility with regards to office attendance, location, and working pattern. 

If you have a disability, you can also apply via our Disability Confident Scheme (DCS). Through the DCS, we guarantee to interview a fair and proportionate number of applicants with a disability, whose application meets the minimum criteria for the advertised job role. 

We also provide adjustments that are reasonable throughout the recruitment process to reduce or remove barriers for applicants with a disability, long-term health condition or neurodivergent condition. If you’d like an adjustment to the recruitment process just let us know.

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

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 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!