Money Laundering Reporting Officer (MLRO)
Job Title - Money Laundering Reporting Officer(MLRO)
About Tazapay
Tazapay is a cross border payment service provider. They offer local collections via local payment methods, virtual accounts and cards in over 70 markets. The merchant does not need to create local entities anywhere and Tazapay offers the additional compliance framework to take care of local regulations and requirements. This results in decreased transaction costs, fx transparency and higher auth rates.
They are licensed and backed by leading investors. www.tazapay.com
What’s exciting waiting for You?
This is an amazing opportunity for you to join a fantastic crew before the rocket ship launch. It will be a story you will carry with you through your life and have the unique experience of building something ground up and have the satisfaction of seeing your product being used and paid for by thousands of customers. You will be a part of a growth story be it anywhere - Sales, Software Development, Marketing, HR, Accounting etc.
We believe in a culture of openness, innovation & great memories together.
Are you ready for the ride?
Find what interesting things you could do with us.
About the role
We are seeking an experienced Money Laundering Reporting Officer (MLRO) to oversee our compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulations in Singapore. The ideal candidate will have a strong background in investigation compliance, an in-depth understanding of AML/CFT laws and regulations in Singapore, and be approved by the Monetary Authority of Singapore (MAS) for a similar role. The MLRO will report to the Head of Legal and be part of our global compliance team.
Key Responsibilities
Oversee the Singapore AML/CFT compliance program, reviewing and evaluating compliance issues and risks within the organisation.
Develop, implement, and monitor compliance policies, procedures, and standards of operations.
Conduct regular risk assessments to identify potential areas of vulnerability and recommend risk mitigation strategies.
Serve as the primary point of contact for regulatory bodies, including the MAS, for all AML reporting matters.
Monitor transactions daily and adjust rule settings to effectively detect and prevent financial crimes and high-risk transactions.
Responsible for STR filings to the Suspicious Transaction Reporting Office and the Commercial Affairs Department of the Singapore Police Force as appropriate and/or required.
Keep abreast of the latest regulatory requirements to provide advice and support to top management on strategic activities, internal controls, and daily operations.
Provide guidance and training to the transaction monitoring team, ensuring they are equipped to detect and report suspicious activities effectively.
Promote a culture of compliance throughout the organisation and ensure that compliance considerations are integrated into business operations.
Qualifications:
Bachelor's degree in Finance, Law, or a related field. A Master's degree or professional certifications (e.g., CAMS, CFE) is a plus.
Minimum of 5 years of experience in a compliance role, with at least 2 years as an MLRO or in a similar position.
Strong understanding of the regulatory landscape in Singapore and knowledge of AML/CFT regulations.
Proven track record of managing AML/CFT compliance programs in a payment institution or financial services environment. Experience in cryptocurrencies is a plus.
Excellent analytical, communication, and interpersonal skills.
Ability to work independently and make sound decisions in a fast-paced environment.
Singaporean national or Permanent Resident (PR) status is required.
What We Offer:
A dynamic and challenging work environment with opportunities for personal and professional growth.
Competitive salary and benefits package.
Flexible working conditions.
The chance to be part of a company shaping the future of global finance.
Location - Singapore
Join our team and let's groove together to the rhythm of innovation and opportunity!
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Tazapay