Money Laundering and Reporting Officer, Octopus Money
SMF17
£95-110k
+ Performance-based bonus
More information about location
3 days a week in office (Holborn, London)
Making advice and investing accessible for all
Be an early applicant
Making advice and investing accessible for all
101-200 employees
Be an early applicant
£95-110k
+ Performance-based bonus
More information about location
3 days a week in office (Holborn, London)
101-200 employees
Company mission
To become the most recommended financial services business in the UK.
Role
Who you are
- Demonstrable SMF17 experience across UCITS, MPS, DFM, financial planning, wealth planning and investment platform business
- Proven experience in a senior AML/compliance role
- Understanding of UK AML regulations, FCA requirements and financial crime risks
- Excellent analytical, investigative and communication skills
- Ability to work independently and influence cross-functional and cross-group teams
- Experience in acquisition and migration works
- ICA or equivalent AML qualification preferred
- Experience with systems such as NorthRow, SmartSearch and Alloy
- Judgement that you can defend and stakeholder influence
- Written work that holds up against internal and external scrutiny
- Candour with the governing bodies about where the opportunities are, with defensible routes to mitigation
- Team player. We have a flat structure and collaboration is at the heart of everything we do
- Openness, transparency and accountability
What the job involves
- We’re looking for a Money Laundering Reporting Officer (MLRO, SMF17) to oversee Octopus Money Group’s anti-money laundering (AML) and counter-terrorist financing (CFT) frameworks
- We largely run a single governance approach across our businesses, so this is a single role with four approvals behind it
- You will own the AML and CTF approach, decide when SARs are made and act as our point of contact with regulatory bodies on MLRO matters
- You’ll ensure compliance with all relevant regulations, lead investigations and be the expert in the room
- This is a strategic and hands-on role, ideal for someone passionate about financial integrity and innovation, with a focus on UK retail customers
- Reporting to the central Head of Risk and Compliance (SMF16)
- Sitting in the central second line risk and compliance team
- Member of the Risk Committee, owning the economic crime reporting
- Presenting the annual MLRO report to the governing body
- Working alongside other senior management across Octopus Money Group (c.£5bn of assets and c.150k clients) and the Octopus Group
- Working closely with other SMFs in the wider Octopus Group of companies
- Be our key expert on financial crime and lead the whole agenda to keep our customers safe and our team aware of emerging risks
- Work from inside the central risk and compliance team, and alongside the first line business functions and product teams
- Embed financial crime controls in the customer journey to ensure good customer outcomes, using AI tooling where appropriate
- Stay up to date with regulatory developments and industry best practices
- Be our policy and framework lead on financial crime, which includes:
- Holding the money laundering reporting function (SMF17) and acting as nominated officer
- Taking on further entities where appropriate, including any we acquire
- Owning a single money laundering and terrorist financing approach, with entity specific requirements where business genuinely differs
- Developing, implementing and maintaining AML/CTF policies, procedures and controls
- Deciding when a SAR or a defence against money laundering request goes to the NCA, and managing the tipping off risk that follows
- Overseeing CDD, EDD and PEP treatment across our advice, discretionary management, fund and platform journeys, including where a third party or outsourced provider carries it out
- Leading internal investigations and escalating issues early to the governing bodies
- Owning sanctions screening approach, designation matching and any reporting to OFSI
- Delivering the annual financial crime return for each entity in scope
- Owning and enhancing the BWRA
- Conducting regular risk assessments and ensuring appropriate KYC/KYB
- Provide financial crime training and guidance across the business, including to the governing functions
- Be our point of contact for financial crime with the FCA, the NCA, the UK Financial Intelligence Unit, OFSI and our auditors
- ---Success looks like this at Octopus Money:
- You can handle ambiguity. You’re comfortable using judgement to create structure and applying first principles thinking
- You’re someone who ‘chases the ball’, rather than just hoping others pick it up. We look for determination, resilience and a healthy dose of optimism
- You thrive in a fast paced environment. You’re open to course correct when needed, and challenge yourself and others to
Application process
- An intro call with our talent team
- A competency-based interview with the hiring manager
- A panel interview with a short task presentation
- A conversation focused on how you work and what you value
Salary benchmarks
Our take
Money shapes every part of life. Yet most people never get the support they need: Half of Brits reach retirement age without enough to live the the life they want, financial stress is a leading cause of poor mental health, only 8% of people have access to 1-to-1 financial advice. There's no shortage of information and what people actually need is clarity, guidance and a plan that makes sense to them.
That's where Octopus Money comes in. They bring together financial planning, investment expertise and smart technology so people can understand their options and take action with confidence.
They help build a clear plan for their savings, investments and pensions and make investing simple with managed portfolios built by experts. On top of this, they also support employers who want their teams to feel more secure and comfortable. So while some people may need regulated advice, others coaching, or both, their service adapts to every use case.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- 18 day “work from anywhere” allowance every year (you can choose to work from home or anywhere, including other countries)
- 6% company pension
- Enhanced maternity, paternity, adoption or shared parental leave, if you’ve been with us for at least 15 months: 6 months fully paid leave for primary carers, 2 months fully paid leave for secondary carers
- Private health insurance through Aviva
- Employee Assistance Programme offering a 24/7 confidential advice line for you and your immediate family members
- Discretionary up to 10% bonus at the end of each financial year, based on the performance of the company
- Access to the Octopus Group Share Incentive Plan
- Paid therapy via Spill
Company values
- Make Every Conversation Matter - We care deeply about how we make customers and colleagues feel – on every call, email, screen and event. It won’t always be perfect, but we’ll always work harder to keep making it better.
- Move with Urgency and Focus - We’re impatient to make remarkable things. We focus on what matters most, make fast initial progress and then iterate forward.
- Own It - We take full ownership of our work – from the smallest detail to the final outcome. We have the courage to break new ground, to hold ourselves and each other accountable, to tackle challenges head-on and find solutions that make a lasting impact.
Company HQ
Holborn, London, UK
Articles
Leadership
Dan Marsh
(CEO)Dan joined Octopus in 2014 and quickly progressed through sales leadership roles to board level positions across the portfolio. Made CEO of Octopus Money in 2026.
Diversity, Equity & Inclusion at Octopus Money
- We believe in equal financial education for everybody, no matter their background. We pride ourselves on building an inclusive working environment where diversity is celebrated. We do not and never will discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
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