Job Description
We are looking for a dedicated Money Laundering Reporting Officer (MLRO) to join our compliance team. The MLRO will be responsible for ensuring that our organisation complies with all relevant anti-money laundering (AML) regulations and guidelines.
This role involves developing and implementing AML policies, conducting risk assessments, and providing training to staff on AML procedures. The MLRO will also be responsible for reporting any suspicious activities to the relevant authorities and maintaining up-to-date knowledge of AML laws and regulations.
The ideal candidate will have a strong background in compliance, excellent analytical skills, and the ability to communicate effectively with both internal and external stakeholders. This is a critical role that requires a high level of integrity and attention to detail.
The MLRO will work closely with other departments to ensure that our AML program is robust and effective. If you are passionate about compliance and have a keen eye for detail, we would love to hear from you.
Responsibilities
- Develop and implement AML policies and procedures
- Conduct regular risk assessments and audits
- Provide training to staff on AML procedures and regulations
- Monitor and report suspicious activities to relevant authorities
- Maintain up-to-date knowledge of AML laws and regulations
- Collaborate with other departments to ensure compliance
- Prepare and submit AML reports to regulatory bodies
- Review and update AML policies as needed
- Conduct investigations into potential AML violations
- Liaise with external auditors and regulatory bodies
- Ensure that all AML documentation is accurate and up-to-date
- Develop and maintain a robust AML compliance program
- Advise senior management on AML compliance issues
- Implement and oversee transaction monitoring systems
- Ensure that customer due diligence is conducted effectively
- Manage and respond to AML-related inquiries and requests
- Stay informed about industry best practices and trends
- Develop and maintain relationships with regulatory authorities
- Ensure that AML training programs are effective and up-to-date
- Provide regular updates to senior management on AML compliance
Requirements
- Bachelor's degree in finance, law, or a related field
- Minimum of 1 years of experience in AML compliance
- Strong knowledge of AML laws and regulations
- Excellent analytical and problem-solving skills
- Strong attention to detail and accuracy
- Excellent communication and interpersonal skills
- Ability to work independently and as part of a team
- Strong organisational and time management skills
- Experience with AML transaction monitoring systems
- Ability to handle sensitive and confidential information
- Strong ethical standards and integrity
- Experience in conducting AML risk assessments
- Ability to develop and deliver training programs
- Strong report writing and documentation skills
- Experience in liaising with regulatory authorities
- Ability to stay up-to-date with industry trends and best practices
- Strong project management skills
- Experience in conducting investigations into AML violations
- Ability to provide strategic advice to senior management