Compliance Operations Manager, Money Laundering Reporting Officer UK
Posted 5 days 16 hours ago by Tesla, Inc.
Tesla is accelerating the world's transition to sustainable energy. Revolutionary strategies and products were developed within a few years and successfully launched on a large scale. This is only possible through extraordinary speed, innovation, and efficiency.
One of the core challenges of the European in-house leasing and financing entities ("captives") is the management of the governance, risk, compliance & AML functions. Our EMEA Financial Services team is hiring a Compliance Operations Manager EMEA to join their team.
The focus of the role will be to ensure oversight, guidance, and putting into practice policies for compliance matters such as Consumer Duty, complaints, contract updates, fraud, training programs, regulatory reporting, amongst other topics. Extensive knowledge about all topics is not required, but the ability and willingness to research and collaborate with internal and external teams to enhance knowledge is a must. It is expected that the Compliance Operations Manager is embedded into the day-to-day operations of the teams and processes they support.
As new topics arise, whether through operational changes or changes to the regulatory environment, the Compliance Operations Manager will be expected to scope out projects, create plans of action for operational teams, as well as requirements for our digital product teams and coordinate requests from other functions for input. They will take ownership of projects in full, to ensure that all requirements are fully scoped and met.
In addition, this role serves as the Money Laundering Reporting Officer (MLRO) for Tesla Financial Services Limited. As the MLRO, they will play an important role in ensuring the company's regulatory compliance, especially regarding the anti-money laundering (AML) setup. The focus will be on Tesla's finance company in the UK and providing support to Germany and any future EMEA markets.
What You'll Do- Conduct customer due diligence (CDD) checks and ongoing in-life monitoring.
- Efficiently develop EMEA compliance setup regarding private and commercial customers, alongside the implementation of any controls. Regular and ad-hoc reporting for general compliance topics and anti-money laundering (AML) related matters.
- Provide support to operational teams to ensure processes are completed in accordance with defined policies and to quickly identify any gaps that may not meet regulatory requirements. Conduct and support internal and external audits, or regulatory reviews as required.
- Regularly review, monitor, and report KYC processes to ensure full regulatory compliance, as well as carry out overall compliance training management, including design, presentation, tracking, and reporting.
- Scope out and provide compliance requirements in new projects or IT system changes, being clear on what the requirements are and using the regulation to support the requests made.
- The ability to test and provide sign-off that these requirements are met and working as intended. Carry out assessments, monitoring, and documentation of internal controls in the areas of compliance, AML, prevention of terrorist financing, and other criminal activities. Conduct periodic money laundering and terrorist financing risk assessments.
- Management advisory on legal challenges and regulations, and review and update of associated written framework. Provide guidance to management and staff on AML-related issues.
- Ideally hold a bachelor's or master's degree in law, finance, business management, or have relevant working experience.
- Compliance experience in the financial services industry.
- Thorough understanding of the regulatory environment of financial services in the UK, with an interest in other EMEA markets.
- An entrepreneurial hands-on mindset in a true start-up environment.
- Keen attention to detail, excellent analytical and organizational skills.
- Excellent communication skills, with business fluency in English.
- Willingness to travel to be on-site at Tesla locations in the UK or other EMEA markets.
Tesla is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to any factor, including veteran status and disability status, protected by applicable federal, state, or local laws.
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