Job Description

KOTRA London provides recruitment services to companies based in the UK and South Korea. As part of its services, we place job advertisements on behalf of our clients, review applications, and provide application details to our clients.

Our client

Korea Development Bank, London Branch

is recruiting a

Deputy MLRO & Compliance Manager

to join their business in the UK.

KDB London is the European hub for the KDB Global Network offering diverse financial services in the areas of corporate finance, trade finance, derivatives, securities investment and treasury.

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1. Job Title:

Deputy MLRO & Compliance Manager

2. Job Purpose:

To assist the Head of Compliance and MLRO in maintaining an effective compliance and financial crime control framework for the London Branch. This role supports the implementation and execution of the Branch's regulatory obligations, including those under the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), Money Laundering Regulations (MLRs), and other applicable laws and guidance. Deputise the Head of Compliance /MLRO when required.

3. Key Responsibilities:

3.1 Compliance Oversight

Support delivery of the annual Compliance Monitoring Plan (CMP). Conduct thematic and risk?based compliance reviews; escalate findings and track remediation. Monitor regulatory developments and assist in policy/procedure updates. Contribute to regular and ad hoc compliance reporting for local management and Head Office. Assist the Head of Compliance in implementing, managing and testing the Compliance framework and internal controls systems
3.2 Financial Crime (AML/CTF/Sanctions)

Support the MLRO in managing AML/CTF and sanctions frameworks. Conduct reviews and investigations relating to unusual or suspicious activities. Draft and submit Suspicious Activity Reports (SARs) where required. Undertake periodic AML risk assessments and support the annual MLRO report. Oversee due diligence processes, including onboarding, KYC reviews, and ongoing monitoring. Monitor developments in UK sanctions and assess their impact on clients and transactions. Act as a deputy to the MLRO when required
3.3 Policy & Procedure Management

Assist in drafting and maintaining compliance and financial crime policies in line with UK regulations and Head Office expectations.
3.4 Training & Awareness

Deliver AML and compliance training to staff and support continuous awareness initiatives. Maintain training records in accordance with internal policies and regulatory expectations.
3.5 Regulatory & Internal Audit Engagement

Support the preparation and coordination of regulatory inspections and internal/external audits. Assist with timely responses to regulatory queries and data/information requests.
3.6 Advisory Function

Provide day?to?day advice to front office and support functions on compliance and financial crime matters.
3.7 Other tasks

As and when requested or delegated by the Head of Compliance and MLRO to comply with Compliance or Financial Crime Obligations or to meet the expectations of any stakeholder.

4. Person Specification

4.1 Essential Experience & Knowledge

Minimum 5 years' experience in Compliance or Financial Crime roles within a financial institution. Must have held certified role. Strong knowledge of UK regulatory requirements (FCA, PRA, MLRs, JMLSG, FATF). Demonstrated ability to conduct compliance monitoring and financial crime investigations. Good understanding of sanctions frameworks and risk-based approaches to AML.
4.2 Desirable Qualifications

Professional qualifications in Compliance or Financial Crime (e.g., ICA Diploma, ACAMS). Familiarity with SM&CR, SYSC and applicable MiFID II obligations.
4.3 Skills & Attributes

High level of integrity and ethical judgement. Strong analytical, investigative, and report writing skills. Excellent communication and interpersonal abilities. Ability to manage multiple priorities and work independently. Proficiency in MS Office (Excel, Word, PowerPoint).

5. More information

Work type:

in person

(non-negotiable) Valid right to work in the UK (required) Address: 22 Bishopsgate, City of London, London Annual Salary: Correction after interview Recruitment: Full-time / Permanent position / 6 month probation Working hours: 7 hours/ 5 days (08:30 - 16:30, 1 Hour lunch break) Holiday: 23 days in the first full holiday year (+ UK Bank Holidays) Insurance: Group life assurance, Group income protection, Upon successful completion of probation period - Private health and dental insurance Recruitment period : Rolling basis (applications are reviewed on a rolling basis)

6. How to proceed

(1) Document review (Written review of submitted documents) (2) Introductory screening call (3) First interview (Comprehensive evaluation of skills required for job performance through interview and language evaluation) (4) Second interview (5) Screening
? Interview candidates will be notified individually only to those who pass the document screening

Job Type: Full-time

Work authorisation:

United Kingdom (required)
Work Location: In person