MLRO
We are seeking an experienced MLRO (Money Laundering Reporting Officer) to join our client's team in the Isle of Man. As the MLRO, you will play a crucial role in ensuring that our client remains compliant with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations and procedures. You will be responsible for overseeing the development, implementation, and maintenance of effective AML/CTF policies and controls within the organization.
Key Responsibilities:
- AML/CTF Compliance: Monitor and enforce compliance with AML/CTF regulations, laws, and industry best practices.
- Policy Development: Develop, review, and update AML/CTF policies, procedures, and internal controls to mitigate financial crime risks.
- Risk Assessment: Conduct risk assessments to identify, assess, and mitigate potential money laundering and terrorist financing risks associated with the company's products, services, and customers.
- Transaction Monitoring: Implement and oversee transaction monitoring systems to detect and report suspicious activities promptly.
- Suspicious Activity Reporting: Investigate and analyze suspicious transactions and prepare and submit suspicious activity reports (SARs) to relevant authorities as required.
- Training and Awareness: Provide training and support to employees on AML/CTF policies, procedures, and regulatory requirements to ensure a strong culture of compliance.
- Due Diligence: Perform due diligence on customers, partners, and third parties to assess their AML/CTF risk profiles and ensure compliance with KYC (Know Your Customer) requirements.
- Regulatory Liaison: Serve as the primary point of contact for regulatory authorities, auditors, and law enforcement agencies on AML/CTF matters.
- Internal Reporting: Regularly report to senior management and the board of directors on AML/CTF compliance issues, risks, and trends.
- Continuous Improvement: Monitor industry developments and regulatory changes to enhance AML/CTF processes and controls continuously.
Qualifications:
- Bachelor's degree in finance, law, or a related field. Advanced degree or professional certification (e.g., CAMS) preferred.
- Minimum of 2 years holding MLRO/dMLRO and Compliance Officer role in the payments/banking sector.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and influence stakeholders at all levels.
- Ability to maintain confidentiality and exercise discretion in handling sensitive information.
- Strong leadership and managerial skills with the ability to lead and motivate a team of compliance professionals.
- Locations
- Isle of Man
- Remote status
- Fully Remote
- Employment type
- Full-time
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MLRO
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