About the Job
The Money Laundering Reporting Officer (MLRO) is primarily responsible for managing the identification, investigation, and reporting of suspicious activities related to money laundering and financial crime. This role involves leading the preparation and submission of Suspicious Activity Reports (SARs/STRs) to the Financial Intelligence Unit (FIU), conducting thorough investigations of flagged transactions, and supporting the Risk Manager in regular AML risk assessments. The MLRO will serve as the main liaison with regulatory authorities on AML matters and provide senior management with clear reporting on the effectiveness of the AML program.
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Company Overview:
The company is the leading digital platform for corporate services in the areas of benefits, professional mobility, and B2B payments, operating in 44 countries. The company connects over 60 million users with more than 2 million partner merchants through over 1 million client companies. The company's solutions enhance user well-being and purchasing power, improve business efficiency, and support the employment market.
Key Responsibilities:
- Suspicious Activity Reporting: Investigate and report suspicious internal transactions to the FIU and relevant regulators accurately and in a timely manner.
- Investigation Management: Conduct thorough investigations into flagged transactions, documenting findings and determining next steps.
- Risk Assessment: Contribute to organization-wide AML risk assessments to identify and mitigate vulnerabilities.
- Regulatory Liaison: Act as the main point of contact for regulatory authorities on AML matters, managing inquiries and audits.
- Policy Maintenance: Maintain and update AML policies, procedures, and internal controls.
- Reporting: Provide regular reports on the effectiveness of the AML program and suspicious activity trends to senior management.
- Training Support: Assist in delivering AML training and awareness initiatives related to suspicious activity identification and reporting.
Your Profile:
- Minimum of 5 years of post-qualification experience (PQE).
- Proven AML experience, particularly in SAR/STR reporting and investigations.
- Comprehensive knowledge of AML regulations and financial crime typologies.
- Strong analytical and investigative skills.
- CAMS Certified.
- Effective communication skills and stakeholder management experience.
Language Requirements:
Fluency in English is typically expected, and proficiency in Arabic may be an advantage.
Reporting Structure:
The selected candidate will report directly to the Chief Legal and Compliance Officer (CLCO) and the Board of Directors, collaborating closely with compliance and risk management teams.
