Deputy Money Laundering Reporting Officer UK

WHO WE ARE ABOUT STRIPE Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone’s reach while doing the most important work of your career. WHAT YOU'LL DO RESPONSIBILITIES • Strategic Leadership—Develop and implement a robust AML/CFT compliance strategy across our UAE regulated retail payment services and stored value facility entities, aligned with global FinCRO objectives. Leverage AI, data science, and automation to scale the program. Provide regular reporting to UAE Boards and Senior Management on program health and effectiveness. • AML/CFT Program Oversight—Own and continuously enhance our AML/CFT program, ensuring it effectively prevents, detects, and reports money laundering, terrorist financing, proliferation financing, and other financial crimes in line with Federal Decree-Law No. 20 of 2018, Cabinet Decision No. 10 of 2019, and CBUAE's AML/CFT Standards, Retail Payment Services and Card Scheme Regulations, and Stored Value Facilities Regulations Framework. • Regulatory Compliance—Ensure ongoing compliance with all applicable CBUAE licensing conditions, payment services regulations, and broader UAE financial services laws across both entities. Monitor the regulatory environment for changes, assess business impact, and drive timely implementation of compliance obligations. Maintain a regulatory obligations register and own the internal compliance assurance framework. • Regulatory Management and Reporting—Serve as the primary point of contact for the CBUAE and UAE Financial Intelligence Unit (UAEFIU) for all inspections, inquiries, and examinations. Own the end-to-end STR/SAR process via the goAML platform and all other mandatory regulatory submissions. • Sanctions Compliance—Oversee UAE sanctions compliance across both entities, including screening against the UAE Local Terrorist List, UN Security Council Consolidated List, and applicable international regimes (OFAC, EU, and UK). • SVF and PSP Risk Management—Design and maintain AML/CFT risk frameworks tailored to the distinct risk profiles of both license types—including high-volume payment flows (PSP) and e-wallet abuse, prepaid instrument layering, and anonymous loading risks (SVF). Ensure transaction monitoring typologies are appropriately calibrated across both product sets. • Advisory and External Influence—Provide expert AML/CFT and regulatory compliance guidance to product, engineering, and business teams on new products and market expansion. Represent Stripe in external forums, regulatory consultations, and industry groups across the UAE and GCC. • Training and Culture—Champion a strong compliance culture across UAE teams. Oversee delivery of UAE-regulatory-compliant training programs covering PSP and SVF-specific risks. WHO YOU ARE MINIMUM REQUIREMENTS • Experience—10+ years in financial crime or regulatory compliance, with significant focus on fintech, payments, e-money, or stored value products. Prior experience as a designated Chief Risk Officer or Compliance Officer or MLRO or Deputy MLRO under a CBUAE-regulated or comparable GCC-regulated entity preferred. • Regulatory Knowledge—Deep knowledge of UAE AML/CFT laws (Federal Decree-Law No. 20 of 2018, Cabinet Decision No. 10 of 2019), CBUAE AML/CFT Standards, PSP and SVF regulatory frameworks, and relevant FATF Recommendations. Familiarity with broader UAE financial services regulation and licensing requirements. • Fit and Proper—Must satisfy CBUAE fit and proper requirements and be willing to undergo formal regulatory approval prior to commencement. • Communication and Mindset—Strong ability to articulate complex regulatory concepts to technical and non-technical audiences. Able to translate regulatory requirements into practical, scalable compliance solutions in a high-growth environment. • Data Proficiency—High data literacy, with the ability to work closely with data and engineering teams to identify emerging financial crime patterns and validate detection model effectiveness. • Certifications—CAMS, ICA International Diploma in AML, or equivalent preferred. • Languages—High professional fluency in English is required. Arabic fluency is an advantage. • Location—Hybrid-office based, Dubai. PREFERRED QUALIFICATIONS • Experience in a global, matrixed fintech organization across multiple jurisdictions • Existing relationships with CBUAE and UAEFIU officials • Familiarity with the UAE's Financial Infrastructure Transformation programme and its AML/CFT implications • Experience designing AML/CFT and regulatory compliance controls for high-volume payment and stored value products at scale

About 1st Formations At 1st Formations, we empower entrepreneurs to start, run, and grow their businesses with confidence. Running a business shouldn’t be slowed down by company formation, statutory compliance, accounting, or payroll. From day one, these essentials should be seamless, reliable, and intelligently handled — freeing founders to focus on building and scaling. We’re a leading UK provider of company formation and compliance services, building a modern, fully integrated technology platform that supports founders at every stage of their journey. Our platform brings together formation, compliance, accounting, payroll, and ongoing business support in one cohesive experience. No stitched-together services. No legacy workflows disguised as software. Just a single, scalable platform built for ambitious founders who want to move fast, stay compliant, and grow with confidence. Why Join Us Now? You’ll be joining a business with strong momentum, clear direction, and real opportunity for progression. * £18m annual revenue, including £9m ARR * Over 1 million companies formed * Certified B Corp and Carbon Neutral Business * Forecast to grow 5x–10x over the next three years The Role The MLRO will serve as the registered Money Laundering Reporting Officer, with full accountability for suspicious activity reporting, regulatory engagement, and the consistent application of the highest regulatory and governance standards across the business. This is a senior, operationally hands-on role that combines day-to-day MLRO responsibilities with strategic compliance direction - protecting the business through robust controls, proactive risk management, and continuous regulatory horizon scanning. The postholder will act as a business-enabling partner, working closely with the COO and CEO to translate regulatory requirements into practical action plans, ensuring commercial growth is pursued confidently within a defined risk appetite. We are ideally looking for candidates with experience in the company formations (Trust or Company Service Provider (TCSP)), or accounting sector. Key Responsibilities • Serve as the registered MLRO, with full responsibility for suspicious activity reporting reviews, external SAR submissions, and direct engagement with the NCA and FCA • Own and evolve the group risk framework, including our AML policies and procedures, risk registers and risk appetite statements • Lead AML and financial crime compliance across the group, ensuring ongoing adherence to the Proceeds of Crime Act, Money Laundering Regulations, and UK GDPR • Oversee KYC and CDD controls, sanctions screening, and SAR reporting - continuously optimising processes to handle high volumes of customer onboarding and transactional activity • Drive regulatory horizon scanning, proactively tracking changes to the regulatory landscape and briefing senior leadership with clear, actionable plans • Maintain and improve control effectiveness, overseeing first-line self-assessment and second-line assurance activity, ensuring audit findings are actioned within agreed SLAs • Partner with business leaders and commercial teams to enable growth by embedding compliance into operational and product development processes • Manage relationships with external regulators, auditors, and relevant third parties with professionalism and confidence • Oversee compliance tools and technologies, including AML monitoring systems and case management platforms • Monitor and report on risk posture and compliance KPIs, providing regular updates to the COO, CEO, and senior leadership What We Are Looking For * 10+ years of compliance and risk leadership in a regulated sector, ideally with direct experience in company formations (TCSP) or accountancy services * Proven experience as an MLRO or Deputy MLRO, with direct responsibility for SAR submissions and engagement with the NCA and FCA * Deep expertise in AML and financial crime, with strong working knowledge of the Proceeds of Crime Act, Money Laundering Regulations, GDPR, and FCA guidance * Experience building and managing risk frameworks using the three-lines-of-defence model at scale * A track record of regulatory horizon scanning and delivering compliance change programmes on time * Familiarity with AML monitoring systems and case management platforms * A pragmatic, business-enabling mindset - able to advise on risk-based decisions that support growth rather than obstruct it * Strong stakeholder management skills, with the ability to communicate complex regulatory matters clearly to senior leadership and external partners * Analytical, data-driven approach to assessing risk posture and prioritising remediation * Relevant professional qualification (ICA, CAMS, CISI, or equivalent) strongly advantageous; Bachelor's degree required What We Offer * £80- 120k and comprehensive benefits package * Hybrid working model- Mondays, Wednesdays and Fridays in the Office. * Real opportunities for progression as the business scales * The chance to influence both customer experience and product development * A culture that values ownership, impact, and continuous learning Equal Opportunities 1st Formations is an equal opportunity employer and is committed to creating a diverse and inclusive workplace. We consider all applicants for employment without regard to race, colour, religion, sex, national origin, sexual orientation, age, citizenship, marital status, criminal history, disability, or gender identity. We encourage individuals from all backgrounds to apply. If you have a disability or special need that requires accommodation, please let us know.