Money Laundering Reporting Officer (MLRO) UK
What we need
Corpay is currently looking to hire a Money Laundering Reporting Office (MLRO) within our Alpha FX / Alpha Group Division. This position falls under our Cross Border line of business and is located in London. In this role you will be responsible for leading the firm's Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), sanctions and broader financial crime framework. The MLRO acts as the firm's Nominated Officer under the Money Laundering Regulations and Proceeds of Crime Act, ensuring compliance with FCA requirements while supporting the business in managing financial crime risks associated with international payments and FX services. You will report directly to the Chief Compliance Officer, Cross-Border Payments and will regularly collaborate with the wider Compliance team and various business teams.
How We Work:
As a Money Laundering Reporting Officer, Corpay will set you up for success by providing:
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Assigned workspace in our designated office location
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Company-issued equipment
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Formal, hands-on training
Role Responsibilities
Your responsibilities of the role will include:
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Performing the SMF17 (Money Laundering Reporting Officer/MLRO) function under the Senior Managers & Certification Regime. Act as the firm's Nominated Officer under the Money Laundering Regulations. Maintain compliance with:
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FCA Handbook (SYSC, SUP, DEPP)
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Money Laundering Regulations
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Proceeds of Crime Act
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Terrorism Act
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UK Sanctions regime
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Managing compliance oversight of key Financial Crime Frameworks and ensure that the framework and processes remain aligned with applicable regulatory requirements, industry best practice, and the firm's evolving financial crime risk profile. These include:
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Customer Due Diligence
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Transaction Monitoring
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Payment Screening
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Sanctions & Negative News Screening
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Suspicious Activity Report (SAR) filing
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Record Keeping
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Providing regular MLRO reports to the Board and relevant governance committees, including reporting on the firm's financial crime risk profile, SAR activity, emerging risks, regulatory developments, material control issues, and the effectiveness of the financial crime framework.
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Owning and periodically refreshing the firm's Financial Crime Risk Assessment, ensuring risks are appropriately identified, assessed and mitigated.
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Oversee and support the firm's AML Monitoring Program, internal and external audits, FCA remediation actions, and regulatory inspections, ensuring that control weaknesses are identified, appropriately remediated, and tracked through to completion.
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Oversee and assist with the onboarding of new clients through a rigorous KYC verification process. Advise appropriately on high-risk customers, PEPs, complex ownership structures, EDD cases etc. Recommend rejections and exits where financial crime concerns exist.
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Act as the firm's Nominated Officer for Suspicious Activity Reporting by receiving and assessing internal Suspicious Activity Reports, determining whether disclosures should be made to the National Crime Agency, maintaining accurate SAR records, providing guidance on tipping-off risks and reporting obligations, and liaising with law enforcement and regulatory authorities where appropriate.
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Assist with designing and delivering an effective financial crime training program, providing annual training and ongoing awareness to the Board, Senior Management, Front Office, Operations and Client Services teams to promote a strong culture of compliance.
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Ensure compliance with all aspects of Electronic Money Issuer registration for a company structured to provide advisory, dealing and market making services in derivatives and foreign exchange contracts to retail and wholesale clients.
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Manage a small team of Compliance Analysts responsible for compliance operational workflows.
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Leading the firm's financial crime engagement with the FCA, National Crime Agency, Office of Financial Sanctions Implementation, Internal Audit and external auditors, acting as the primary point of contact for financial crime matters.
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Provide financial crime advice and approval, as needed, for new products, services, payment corridors, banking partners and strategic initiatives.
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Monitoring regulatory developments and ensure the firm's financial crime programme remains aligned with evolving FCA expectations, UK legislation and industry best practice.
Qualifications and Skills
The successful candidate will possess 10 plus years of strong regulatory judgement and a risk-based approach to decision-making, with excellent stakeholder management and communication skills, including the ability to present complex financial crime matters to the CCO, Boards and senior executives. They will have experience leading compliance and financial crime teams, AML technology and transaction monitoring systems, and partnering effectively with the business to support commercial growth while maintaining a robust and proportionate financial crime control framework.
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Significant experience (typically 7+ years) serving as an MLRO, Deputy MLRO or senior financial crime leader within an FCA-regulated financial institution.
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Demonstrated experience interacting with the FCA, NCA, OFSI and external auditors.
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Strong knowledge of UK AML, sanctions, payment services and financial crime regulations.
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Experience overseeing transaction monitoring, sanctions screening, KYC, EDD and SAR investigations.
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Experience leading regulatory inspections and remediation program.
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Proven people leadership and stakeholder management skills.
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Eligible to perform the SMF17 function, subject to FCA approval.
What We Offer
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Competitive salary based on experience
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Paid annual leave plus bank holidays
- Option to buy or sell up to 5 days of annual leave annually through the benefits enrolment window
- Pension scheme
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Private Medical Insurance
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Access to the Gratitudes benefits platform, offering flexible discounts, supermarket savings of 4–5%, and a range of exclusive employee offers
- Free access to LinkedIn Learning, with thousands of courses to support ongoing professional and personal development
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About Corpay
Corpay is a global technology organization that is leading the future of commercial payments with a culture of innovation that drives us to constantly create new and better ways to pay. Our specialized payment solutions help businesses control, simplify, and secure payment for fuel, general payables, toll and lodging expenses. Millions of people in over 80 countries around the world use our solutions for their payments.
At Corpay, we are committed to fostering an inclusive and respectful workplace where employees are valued for their diverse perspectives, experiences, and contributions. We believe that diversity, equity, and inclusion strengthen our teams, drive innovation, and support our continued success globally.
As part of our hiring process, offers of employment may be subject to the successful completion of pre-employment screening conducted by an authorized third-party provider, in accordance with applicable laws and Corpay policies. Screening requirements may include employment references, identity verification, criminal record checks, financial or sanctions screening, and other background checks relevant to the role and permitted by local law.
Notice to Recruitment Agencies and Search Firms: Corpay does not accept unsolicited resumes from agencies or search firms without a valid written agreement in place. Any unsolicited candidate submissions will become the property of Corpay, and no fees will be paid related to such submissions.
Learn more about Corpay: https://www.corpay.com
Transparency & Compliance
Equal Opportunity Employer
Corpay is committed to providing equal employment opportunities to all applicants and employees. Employment decisions are made without regard to race, color, religion, sex (including pregnancy), gender, gender identity or expression, sexual orientation, national origin, ancestry, age, disability, marital status, genetic information, military or veteran status, or any other characteristic protected by applicable law. Corpay is committed to fostering an inclusive workplace where individuals are respected and valued for their diverse perspectives, experiences, and contributions. If you require reasonable accommodation during any part of the application or interview process, please notify a representative of the Human Resources Department.
Use of Artificial Intelligence in Hiring
Corpay may use artificial intelligence (AI) and other technology-enabled tools to support certain aspects of the recruitment process, such as application screening, candidate assessment, or interview scheduling. These tools are designed to enhance efficiency, consistency, and fairness throughout the hiring process. AI tools do not make final hiring decisions. All employment decisions involve human review. Corpay is committed to the responsible use of AI, including appropriate oversight and safeguards designed to support fair and unbiased outcomes.
Candidate Privacy Notice
For information about how Corpay processes personal information during the recruitment process, please review our Candidate Privacy Notice: https://www.corpay.com/privacy-policy.
Pay Philosophy
Corpay is committed to fair, equitable, and transparent compensation practices. Compensation decisions are based on objective, job-related factors including skills, experience, qualifications, and market benchmarks. Where required by applicable law, salary or compensation ranges will be included in the job posting or provided prior to the interview process, where required by applicable law. Additional compensation elements such as bonuses, incentives, benefits, or variable pay may apply where applicable.
