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Title
Text copied to clipboard!MLRO
Description
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We are looking for a Money Laundering Reporting Officer (MLRO) to oversee and manage all aspects of our anti-money laundering (AML) compliance program. The MLRO will serve as the primary point of contact for all AML-related matters, including regulatory reporting, internal investigations, and policy development. This role is critical in ensuring that the organization complies with all relevant laws and regulations related to financial crime prevention.
The ideal candidate will have a strong understanding of AML laws and regulations, excellent analytical skills, and the ability to communicate effectively with both internal stakeholders and external regulatory bodies. The MLRO will be responsible for identifying and mitigating risks related to money laundering, terrorist financing, and other financial crimes. This includes conducting risk assessments, monitoring transactions, and ensuring that appropriate controls are in place.
In addition to managing the AML program, the MLRO will be responsible for training staff on AML policies and procedures, conducting internal audits, and staying up to date with changes in legislation and best practices. The role requires a high level of integrity, attention to detail, and the ability to work independently.
This position is ideal for someone with a background in compliance, law, or finance, and who is passionate about maintaining the integrity of the financial system. The MLRO will play a key role in protecting the organization from reputational and financial risks associated with money laundering and other illicit activities.
Responsibilities
Text copied to clipboard!- Develop and maintain the AML compliance program
- Monitor and investigate suspicious transactions
- File Suspicious Activity Reports (SARs) with regulatory authorities
- Conduct regular AML risk assessments
- Provide AML training to employees
- Liaise with regulatory bodies and law enforcement agencies
- Ensure compliance with all relevant AML laws and regulations
- Maintain up-to-date knowledge of AML trends and typologies
- Review and update AML policies and procedures
- Conduct internal audits and compliance reviews
Requirements
Text copied to clipboard!- Bachelor’s degree in Law, Finance, or related field
- Minimum 5 years of experience in AML or compliance
- Strong knowledge of AML laws and regulations
- Excellent analytical and investigative skills
- Strong communication and interpersonal skills
- Ability to work independently and manage multiple tasks
- Professional certification such as CAMS is preferred
- Experience with AML software and tools
- High level of integrity and ethical standards
- Attention to detail and strong organizational skills
Potential interview questions
Text copied to clipboard!- Do you have experience filing Suspicious Activity Reports (SARs)?
- What AML certifications do you hold?
- Can you describe a time you identified a suspicious transaction?
- How do you stay updated on AML regulations?
- Have you conducted AML training sessions before?
- What AML software are you familiar with?
- How do you handle pressure during regulatory audits?
- What is your approach to conducting risk assessments?
- Have you ever liaised with law enforcement on AML matters?
- What steps do you take to ensure policy compliance?
