Job Description
Our client is a strategic partner for its clients, assisting institutional investors, multinational corporations, high net worth individuals, family businesses, brokers, investment advisors and start-ups to achieve their objectives.
Responsibilities
As DMLRO, to act as MLRO in the absence of the MLRO. The main duties and responsibilities of the MLRO are as follows:
• Make sure policies, procedures and manuals meet the latest regulation requirements.
• Ensure that records are be kept of appropriate policies, procedures and controls that are in place and that these are being properly adhered to.
• Ensure business strategy involves business and client risk assessments.
• Perform Customer and Employee Due Diligence (CDD) and Enhanced Due Diligence (EDD) on new and/or potential clients / employees.
• Conduct clients’ database monitoring and repeat CDD, EDD, PEP and sanctions screenings.
• Monitor money transactions and make rules to detect and resolve suspicious cases.
• Identify and resolve fraudulent transactions.
• Determine existing trends by analysing accounts and transaction patterns and suggest system
improvements to reduce potential revenue losses.
• Report to the Board on compliance issues.
• Represent the company for compliance.
• Design and manage the retention of all due diligence information.
Requirements
• Minimum a degree holder (Legal, Management, Economics, Finance or other relevant field) and a professional qualification preferable.
• At least 5 years experience in the Global Business Sector or Financial Services Sector.