Job Description: Chief Money Laundering Officer (CMLRO)

Position: Chief Money Laundering Reporting Officer (CMLRO)
Location: [Location]
Reporting to: Chief Compliance Officer (CCO) / Chief Executive Officer (CEO)
Department: Compliance / Risk Management
Salary: [Salary Range]
Type: Full-time, Permanent

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Overview:

We are seeking an experienced and knowledgeable Chief Money Laundering Reporting Officer (CMLRO) to lead the company’s anti-money laundering (AML) and counter-terrorism financing (CTF) efforts. The CMLRO will be responsible for ensuring that the company’s operations comply with all relevant regulations, laws, and industry best practices in relation to AML and CTF. This senior role involves overseeing compliance procedures, monitoring transactions, reporting suspicious activities, and providing strategic guidance on regulatory risk management.

Key Responsibilities:

• AML/CTF Compliance & Strategy:
  • Develop and implement the company’s anti-money laundering (AML) and counter-terrorism financing (CTF) policies and procedures in accordance with regulatory requirements.
  • Design and execute the company’s AML/CTF strategy, ensuring alignment with the company’s broader compliance and risk management objectives.
  • Stay informed of changes in AML/CTF legislation and regulations, ensuring the company adapts to evolving regulatory environments.
• Monitoring & Reporting:
  • Oversee the monitoring of transactions to detect suspicious activity, ensuring timely and accurate identification of potential money laundering or terrorist financing activities.
  • Serve as the primary point of contact for all internal and external reporting of suspicious activities, including filing suspicious activity reports (SARs) with relevant authorities.
  • Liaise with law enforcement and regulatory bodies on matters related to financial crime, and manage any investigations related to money laundering or terrorist financing.
• Regulatory Compliance & Audits:
  • Ensure that the company complies with all relevant AML/CTF regulations, including Know Your Customer (KYC), Enhanced Due Diligence (EDD), and Customer Due Diligence (CDD) procedures.
  • Lead and coordinate internal and external audits related to AML/CTF, ensuring the company is audit-ready and compliant at all times.
  • Develop and maintain strong relationships with regulatory bodies, ensuring the company is proactive in meeting its regulatory obligations.
• Risk Management & Mitigation:
  • Conduct risk assessments to identify and mitigate potential AML/CTF risks across the business.
  • Ensure the effective implementation of AML/CTF controls and oversee the regular review of these controls to ensure their adequacy and effectiveness.
  • Collaborate with the Risk and Compliance teams to integrate AML/CTF risk management with broader enterprise risk management frameworks.
• Training & Awareness:
  • Develop and deliver AML/CTF training programs for employees at all levels, ensuring staff are fully aware of their responsibilities and the company’s AML/CTF procedures.
  • Provide ongoing training and updates on AML/CTF regulations to senior leadership and relevant teams, ensuring compliance awareness across the organization.
  • Promote a culture of compliance and ethical conduct throughout the organization.
• Policy & Procedure Development:
  • Draft and maintain AML/CTF policies and procedures, ensuring they reflect current regulatory requirements and best practices.
  • Ensure that internal procedures are regularly reviewed and updated to align with the latest industry developments and legal obligations.
  • Work closely with other departments, such as Legal, Operations, and Finance, to ensure policies and procedures are effectively integrated and operationalized.
• Transaction Screening & Investigations:
  • Oversee transaction monitoring systems and ensure they are optimized to detect unusual or suspicious activity.
  • Lead the investigation of suspicious transactions and other compliance-related incidents, ensuring proper documentation and reporting.
  • Work with the Compliance and Risk teams to ensure that alerts generated by the transaction monitoring systems are reviewed and resolved in a timely manner.
• Reporting & Governance:
  • Report regularly to the senior leadership team, board of directors, and regulators on AML/CTF compliance activities, key risks, and remediation efforts.
  • Provide recommendations to the leadership team on enhancing the company’s AML/CTF framework and responding to regulatory changes.
  • Ensure that the board and executive team are fully informed of significant compliance issues and regulatory developments.

Key Qualifications:

• Extensive experience in a senior AML/CTF compliance role, such as Chief Money Laundering Officer, Head of AML, or similar.
• Deep knowledge of AML/CTF regulations, including KYC, CDD, EDD, and international standards such as FATF recommendations.
• Proven ability to develop and implement effective compliance programs within regulated industries (e.g., financial services, fintech).
• Strong analytical and investigative skills, with the ability to interpret complex data and identify suspicious activity patterns.
• Excellent leadership and communication skills, with the ability to engage and influence stakeholders at all levels.

Education & Experience:

• Bachelor’s degree in Law, Finance, Business, or a related field (Master’s degree or certifications such as CAMS, CFE, or ICA Diploma in AML are preferred).
• Minimum of [X] years of experience in AML/CTF compliance, risk management, or financial crime, with significant leadership experience.
• Experience with AML transaction monitoring systems, case management tools, and regulatory reporting.
• Familiarity with international AML standards and sanctions programs, such as OFAC, FATF, and EU regulations.

Key Competencies:

• AML/CTF Regulatory Expertise
• Risk Management & Mitigation
• Transaction Monitoring & Investigation
• Leadership & Team Development
• Policy Development & Implementation
• Communication & Stakeholder Engagement

Benefits:

• Competitive salary and performance-based bonuses.
• Comprehensive benefits package, including health insurance, retirement plans, etc.
• Opportunities for professional development and industry certifications.
• A leadership role in safeguarding the company against financial crime and ensuring regulatory compliance.

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How to Apply:
Please submit your CV and cover letter outlining your experience and suitability for the role to [email address] by [application deadline].

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This job description outlines the key duties and responsibilities but may evolve as the company adapts to new AML/CTF regulations and business needs.