Money Laundering Reporting Officer

woodmead woodmead, woodmead

M&M Consulting Services and Talent Acquisition

Money Laundering Reporting Officer

M&M Consulting Services and Talent Acquisition

  • Undisclosed
  • Permanent Senior position
  • Woodmead, Gauteng
  • Posted 21 Jun 2022 by M&M Consulting Services and Talent Acquisition
  • Expires in 34 days
  • Job 2471681
Apply Now

About the position

Responsibilities of a MLRO - ONLINE CASINO

  • An MLRO's responsibilities include receiving the appropriate access to the company's business records to make fully-informed decisions to ensure compliance with relevant U.K. money laundering laws and regulations.
  • Should assume control for developing and maintaining their employer's AML policies and procedures to reflect changes in the regulatory environment, which includes conducting periodic reviews to determine their effectiveness.
  • A MLRO also plays a role in fostering the appropriate compliance culture, which can include the development and delivery of AML as well as counter-terrorism financing (CTF) training to employees and executives. This also includes explaining the importance of a risk-based approach to compliance.
  • It is the responsibility of MLRO to decide whether sufficient suspicion is required to generate reports on money laundering and also to disclose it to the relevant authorities properly.
  • To observe and plan new legislation on the development ofAML policies, systems, and procedures to ensure effective implementation.
  • Money laundering, terrorist financing (AML / CTF), and fraud prevention are also within the job role.
  • MLRO must ensure its customers know and executeCustomer Due Diligence ("CDD"). CDD is an important part of Anti-Money Laundering and Terrorism Financing ("PMLFT") requirements. Enables the person in question to know who their customers are and not to accept them except for risk appetite
  • MLRO should develop and implement an in-house training program.
  • The role of the MLRO has an important responsibility and should be undertaken by an appropriately experienced person.
  • MLRO should be able to evaluate the risk of financial crimes, identify problems in compliance processes and analyse accordingly
  • MLRO should be sure, that AML guarantees should be sufficient. Otherwise, a firm's MLRO may be subject to higher fines or worse sanction
  • Able to ensure audits are done in line with legislations
  • The MLRO must possess the authority to make reports to law enforcement without the need to secure the permission of another individual. Their employer must also ensure the means to review and communicate Suspicious Activity Reports (SARs) to law enforcement in a timely manner.
  • MUST have experience in conducting Business Risk Assessment
  • The MLRO must have the skill draft reports to law enforcement without the need to secure the permission of another individual.

SALARY NEGOTIABLE

Desired Skills:

  • Financial Crime Management
  • KYC
  • Money Laundering
  • Operational Risk Management
  • Anti Money Laundering
  • Compliance and Risk Management
  • FICA
  • Business Risk Assements
  • Online Casino
  • Online Gaming
  • Online Gambling

Desired Work Experience:

  • 5 to 10 years

Desired Qualification Level:

  • Degree

About The Employer:

ONLINE GAMING/CASINO

Employer & Job Benefits:

  • Medical Aid
  • Bi-Annual Bonuses
  • Incentives

Apply Now

M&M Consulting Services and Talent Acquisition

About the agency

M&M Consulting Services as a business was established by its owners through the passion and commitment in serving people and Corporates, byproviding strategic partnerships to our clients, developing expertise of our client's environment, their challenges and other needs.With over 14years experience in Human Capital, M&M Consulting Services has mainly focused on Managed Services and Recruitment and allowing businesses to focus on their core business. We combine our HR expertise with the knowledge of our client's environment to design, implement andmanage customized staffing solutions, resulting in improved business performance for our clients.M&M Consulting Services is a SME, providing the flexibility most companies desire in the current economical state. We are ever changing and by doing so,we are able to blend in with the land scape changes.WHAT WE DOPartnering with key Stakeholders, Our vision is to be a proudly South African talent solutions provider, delivering the highest quality of service to clients and candidates.We’re in the business of transformation, of both organizations and careers. Through the range of recruitment, talent management and recruitment process outsourcing solutions we offer, we help both organizations and individuals realize their full potential.

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Expires in 33 days

About the position

Responsibilities of a MLRO - ONLINE CASINO

  • An MLRO's responsibilities include receiving the appropriate access to the company's business records to make fully-informed decisions to ensure compliance with relevant U.K. money laundering laws and regulations.
  • Should assume control for developing and maintaining their employer's AML policies and procedures to reflect changes in the regulatory environment, which includes conducting periodic reviews to determine their effectiveness.
  • A MLRO also plays a role in fostering the appropriate compliance culture, which can include the development and delivery of AML as well as counter-terrorism financing (CTF) training to employees and executives. This also includes explaining the importance of a risk-based approach to compliance.
  • It is the responsibility of MLRO to decide whether sufficient suspicion is required to generate reports on money laundering and also to disclose it to the relevant authorities properly.
  • To observe and plan new legislation on the development ofAML policies, systems, and procedures to ensure effective implementation.
  • Money laundering, terrorist financing (AML / CTF), and fraud prevention are also within the job role.
  • MLRO must ensure its customers know and executeCustomer Due Diligence ("CDD"). CDD is an important part of Anti-Money Laundering and Terrorism Financing ("PMLFT") requirements. Enables the person in question to know who their customers are and not to accept them except for risk appetite
  • MLRO should develop and implement an in-house training program.
  • The role of the MLRO has an important responsibility and should be undertaken by an appropriately experienced person.
  • MLRO should be able to evaluate the risk of financial crimes, identify problems in compliance processes and analyse accordingly
  • MLRO should be sure, that AML guarantees should be sufficient. Otherwise, a firm's MLRO may be subject to higher fines or worse sanction
  • Able to ensure audits are done in line with legislations
  • The MLRO must possess the authority to make reports to law enforcement without the need to secure the permission of another individual. Their employer must also ensure the means to review and communicate Suspicious Activity Reports (SARs) to law enforcement in a timely manner.
  • MUST have experience in conducting Business Risk Assessment
  • The MLRO must have the skill draft reports to law enforcement without the need to secure the permission of another individual.

SALARY NEGOTIABLE

Desired Skills:

  • Financial Crime Management
  • KYC
  • Money Laundering
  • Operational Risk Management
  • Anti Money Laundering
  • Compliance and Risk Management
  • FICA
  • Business Risk Assements
  • Online Casino
  • Online Gaming
  • Online Gambling

Desired Work Experience:

  • 5 to 10 years

Desired Qualification Level:

  • Degree

About The Employer:

ONLINE GAMING/CASINO

Employer & Job Benefits:

  • Medical Aid
  • Bi-Annual Bonuses
  • Incentives





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