An international banking institution, is looking to hire for its office in the Bahamas a Money Laundering Reporting Officer (“MLRO”) to be responsible for reviewing internal disclosures and externalising these reports to the local Financial Intelligence Agency. The role reports to the VP – Country Compliance Officer, with accountability to the local Managing Director.
The role will hold ultimate responsibility for the reporting of suspicious activity to the local Financial Intelligence Agency, ensuring that local regulatory requirements as well as internal requirements are met.
Your responsibilities will also include acting as a key point of contact for the reporting, developing and maintain appropriate procedures for receiving and reviewing potential suspicious activities. Reviewing on higher risk scenarios identified through due diligence activities, surveillance and monitoring processes, or other business escalations. Reviewing and approving new and existing higher risk customer relationships. Performing periodic financial crime training for first line of defence staff. Providing periodic reporting to jurisdictional risk committees and boards of directors. Identifying scenarios that warrant escalation to Group Compliance and supporting and advising the business on risk taking activities through participation in risk committees.
A minimum of at least 6 years of compliance experience with an international financial services organisation and the appropriate academic credentials are required. A strong understanding of global financial crime trends and threats, including how these can be mitigated through the application of appropriate controls.
If you believe you possess the necessary skills to meet our client's discerning requirements and are eager to seize this exciting opportunity, please email your current CV to vanessa.raine@ap-executive.com or call +44 20 7660 1574.
AP Group is acting as an introductory service in relation to this vacancy. By submitting your CV for consideration, you are consenting to its retention for the purpose of securing you work. Any information you provide to AP Group and its subsidiaries will be subject to the protection of Data Protection Laws, our policy for which can be found at https://www.apgroupglobal.com/privacy-notice/