Part-Time UK MLRO – FCA Payment Institution (PI) Application

We are an upcoming fintech company seeking a qualified, UK-resident Money Laundering Reporting Officer (MLRO) to support our application for a Payment Institution (PI) license with the Financial Conduct Authority (FCA) and oversee our ongoing compliance. Workload & Timeline: Pre-Licensing Phase: Initially, this is a low-commitment role requiring just a few hours per month to review policies, sign off on application materials, and interface with our legal/consulting team during the FCA submission process. Post-Licensing Phase: Once the FCA grants authorization and our business activities launch, the time commitment will increase to handle ongoing operational compliance, transaction monitoring, and regulatory reporting. Key Responsibilities: Act as the nominated and registered MLRO for our UK entity. Application Phase: Assist in reviewing and refining our Anti-Money Laundering (AML) policies, systems, and controls to ensure they meet FCA expectations and the Money Laundering Regulations (MLR). Operational Phase: Once authorized, oversee the day-to-day operation of our AML/CTF policies, handle suspicious activity reporting (SARs), manage the compliance team, and act as the primary point of contact for the FCA and National Crime Agency (NCA). Requirements: UK Residency: Must be permanently based in the UK (regulatory mandate). FCA Approvals History: Proven experience acting as an MLRO (ideally holding or having previously held SMF17 or equivalent controlled functions for an authorized payment institution, EMI, or fintech). Fintech & Payments Literacy: Strong understanding of payment services, digital assets, or alternative payment mechanisms. Regulatory Expertise: Deep knowledge of the UK Money Laundering Regulations, PSRs (Payment Services Regulations), and FCA handbook compliance. If you meet the FCA's "Fit and Proper" criteria to act as an MLRO and want to join an exciting fintech project from the ground up, please apply with a summary of your regulatory background and your expected initial monthly retainer.