Head of EDD

Reports To: Director of Compliance
Department: Legal & Compliance
Location: Gibraltar
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Key Responsibilities / Duties:

  • Accountable for ensuring adherence to regulations relating to money laundering and terrorist financing;
  • Identify areas of money laundering risk, developing and implementing corrective action plans for resolution of problematic issues, as well as launching initiatives to counter those risks;
  • Implement a detective and preventive control framework developed in conjunction with the Director of Compliance and the MLRO and installation roadmap in accordance with the company’s conduct risk framework;
  • Implementation of the AML/CTF/EDD policies and procedures and through robust, auditable processes that are clearly monitored and reported against.
  • Review and recommend any changes to the current internal practices, measures, procedures and controls relevant to the prevention of money laundering and terrorist financing;
  • Keep abreast of regulatory changes and ensure the operational team conducts itself in compliance with the Proceeds of Crime Act, Money Laundering Regulations and similar legislation, acting in conjunction with the MLRO;
  • Update Learning and Development training material to ensure they are updated to reflect regulatory/legal changes. Monitor client on-boarding processes and ensuring staff are fully informed and trained with regards to KYC and EDD requirements;
  • Work with the internal audit & operational effectiveness teams to conduct GAP analyses of existing controls to identify changes necessary to the company’s AML approach and controls;
  • Manage the AML team(s) resources and rotas to meet KPIs and work with the Director of Compliance to plan for changes in capacity;
  • Support the MLRO in building the board reports and quarterly periodic reports;
  • Analyse the effectiveness of the EDD Department systems and third-party solutions to ensure the best possible investigation tools and workflow systems are used, balancing cost and compliance. This will include building relationships with key suppliers and undertaking periodic reviews;
  • Draft and review Suspicious Activity Reports (SARs), and on request from the MLRO, submit to the NCA and Themis systems as necessary;
  • Review and update AML/TF and SAR sections of the relevant business policies and procedures (P&Ps) and put in place remediation plans for P&P issues that come up from time to time;
  • Ensure accurate and effective maintenance of the formal record keeping within the AML and KYC control frameworks and ensure documentation is maintained across the customer real estate;
  • Work with the Risk Manager to ensure the AML/TF risk assessment is updated & maintained and the obligations of the National Risk Assessment(s) (both Gibraltar and GB) are sufficiently reflected in our internal P&Ps; and
  • Attend regulatory, technical and external compliance meetings and forums and produce summary papers/minutes.

Person Specification, Skills, Experience & Qualifications:

  • Strong practical experience working in a regulated gambling operator or financial services business as a compliance lead specialising in AML/EDD or comparable background;
  • Strong communication skills with the ability to communicate and gain the respect of all levels of management and staff;
  • Detailed knowledge of the 4th and 5th EU Money laundering Directive, UK and Gibraltar Money Laundering Regulations, and the relevant licensing authority guidance notes;
  • Strong administrative skills.
  • Strong attention to detail to ensure all documentation, reports and corporate filings are accurate.
  • Knowledge of AML Laws and Regulation / FATF Recommendations in the UK and, ideally, major European markets.
  • Experience of providing detailed analysis and presentation of complex data.
  • Ability to work under pressure and in a fast-paced environment;
  • Fluent English if not a native speaker;
  • Strong leadership skills with a track record of delivering on strategy and key initiatives;
  • Strong sense of what's right and wrong and willingness to challenge and escalate as required; and
  • An ability to champion and actively support cultural change.

BetVictor is an equal opportunity employer

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    BetVictor is an equal opportunity employer.