Fractional MLRO / Nominated Officer (Annex 1 Firms, UK)

About the role

Capitex is a specialist financial crime compliance firm building a bench of experienced Money Laundering Reporting Officers to act as fractional MLROs / nominated officers for UK Annex 1 firms such as lenders, leasing businesses, invoice and asset financiers, bridging lenders and private credit funds. This is not a single vacancy but an ongoing series of assignments: after one conversation about capacity and sector preferences, you are brought specific firms to consider and choose which ones to take.

Key responsibilities

• Act as the firm's nominated officer under the Money Laundering Regulations 2017, named with the FCA
• For firms still applying: help build the registration pack (business-wide risk assessment, AML policies and procedures, customer due diligence approach) and answer the FCA's questions and interview
• For registered firms: own the AML framework, review and refresh the risk assessment and policies, and handle FCA information requests
• Receive internal suspicious activity reports and make external reports to the NCA where required
• Oversight of onboarding and enhanced due diligence on higher-risk borrowers and beneficial owners
• Quarterly board reporting and the annual MLRO report
• Staff AML training where the firm wants it

Required profile

• Substantial experience as an MLRO, deputy MLRO or nominated officer at a UK regulated or registered firm
• Experience of an FCA registration, authorisation or supervisory interview and knowledge of what the regulator expects
• Experience in bridging and property finance, asset finance and leasing, invoice finance, commercial lending, private credit, payments or e-money
• Able to present to boards, founders and investors and to say no when needed
• Clean regulatory record, based in the UK with the right to work here

Required skills

• Strong working knowledge of the Money Laundering Regulations 2017, JMLSG guidance, POCA and the SAR regime
• Able to write and own a business-wide risk assessment and a proportionate AML framework for a small, fast-moving lender

What we offer

• Typically 2 to 10 hours a month per firm, scaling up during registration or busy periods; several appointments possible at once
• Paid per approved hour on a monthly timesheet, through your own limited company or an umbrella; Capitex handles client relationships, contracting, invoicing and payment
• Competitive hourly rates agreed per assignment, with a steady flow of assignments
• No business development, contracting or invoicing on your side; remote by default, with occasional office visits