Money Laundering Reporting Officer (MLRO) – BancABC 742 views

Career Opportunities with BancABC

There is an exciting career opportunity available at BancABC, Part of AUasmara for a self- motivated individual with outstanding integrity, a good track record of relevant performance, excellent oral and written communication skills as well as strong interpersonal skills The MLRO is a manager-level position reporting to the Head of Compliance.

Money Laundering Reporting Officer (MLRO)

Main purpose

To develop and maintain an adequate and effective AML/CFT program that supports the Board and Senior Management to discharge their accountability for compliance with applicable statutory and regulatory requirements on AML/CFT and related activities

Key Responsibilities

1. To develop and maintain an effective Money laundering & Terrorist Financing control framework for the bank
2. Transaction surveillance, analysis and regulatory reporting
3. Management of sanctions risk
4. To cultivate a compliance culture within the bank that facilitates adherence to the AML/CFT requirements
5. To lead/guide policy formulation and implementation on AML/CFT

6. Monitor industry trends and emerging ML/TF risks and proactively advising staff and the organisation
7. Keep abreast of new and proposed AML/CFT legislation, regulatory and supervisory requirements that might have an impact on business compliance
8. Facilitate the AML/CFT Risk Assessment process, and ensure that rotated standards and procedures are adequate and effective