Money Laundering Reporting Officer

Posted Jan 30

Why you should join dLocal?

dLocal enables the biggest companies in the world to collect payments in 40 countries in emerging markets. Global brands rely on us to increase conversion rates and simplify payment expansion effortlessly. As both a payments processor and a merchant of record where we operate, we make it possible for our merchants to make inroads into the world’s fastest-growing, emerging markets. 

By joining us you will be a part of an amazing global team that makes it all happen, in a flexible, remote-first dynamic culture with travel, health, and learning benefits, among others. Being a part of dLocal means working with 800+ teammates from 25+ different nationalities and developing an international career that impacts millions of people’s daily lives. We are builders, we never run from a challenge, we are customer-centric, and if this sounds like you, we know you will thrive in our team.

What’s the opportunity?

As the MLRO for Malta, you will play a pivotal role in overseeing and ensuring the effectiveness of our anti-money laundering (AML) and counter-terrorist financing (CTF) framework, tailored to the unique landscape of the payments industry. The successful candidate will have a deep understanding of Maltese regulatory requirements, and demonstrate a track record of successful engagement with Malta Financial Services Authority (MFSA) and Financial Intelligence Analysis Unit (FIAU). Moreover, expertise in business risk assessments, conducting internal and external audits, and strong experience in non-financial reporting via the go AML platform are considered significant assets for this role.

What will I be doing?

Responsibilities include:

  1. AML/CTF Program Oversight:
  2. Ensure the company's compliance with all relevant AML/CTF laws, regulations, and guidelines in Malta, within the payments sector.
  3. Stay abreast of changes in legislation and regulations, providing timely updates to the executive team.
  4. Develop, implement, and maintain effective AML/CTF policies, procedures, and controls specific to payments.
  5. Conduct comprehensive business risk assessments to identify potential financial crime risks.
  6. Risk Assessments:
  7. Conduct detailed customer risk assessments, ensuring ongoing monitoring and updates based on risk factors.
  8. Utilize a risk-based approach to assess the money laundering and terrorist financing risks associated with customers, taking into consideration their business activities, geography, and transaction patterns.
  9. Develop and implement risk mitigation strategies, collaborating with relevant departments to ensure effective controls.
  10. Internal and External Audits:
  11. Lead and oversee internal audits to assess the effectiveness of internal controls.
  12. Coordinate and facilitate external audits, ensuring compliance with regulatory standards.
  13. Reporting and Communication:
  14. Serve as the primary point of contact with the MFSA and the FIAU, ensuring timely and accurate reporting as required.
  15. Communicate effectively with internal stakeholders, providing expert guidance on AML/CTF matters.
  16. Training and Awareness:
  17. Design and deliver AML/CTF training programs to ensure staff awareness and compliance.
  18. Foster a culture of vigilance and adherence to compliance standards throughout the organization.
  19. Transaction Monitoring:
  20. Oversee and enhance transaction monitoring systems to detect and investigate suspicious activities.
  21. Implement enhancements based on industry best practices and regulatory requirements.
  22. Investigations and Reporting:
  23. Lead and manage investigations into suspicious activities, collaborating with relevant departments.
  24. Prepare and submit suspicious activity reports to the FIAU.
  25. Non-Financial Reporting via goAML:
  26. Demonstrate extensive experience in non-financial reporting via the goAML platform, ensuring accuracy and adherence to regulatory standards.

What skills do I need?

  • Minimum of 5 years of experience in a similar role, with a focus on AML/CTF compliance.
  • Formally approved as an MLRO by the MFSA or an equivalent regulatory authority within the European Union
  • In-depth knowledge of Maltese AML/CTF regulations and prior experience dealing with the MFSA and the FIAU.
  • Expertise in developing and implementing risk mitigation strategies based on customer risk assessments.
  • Professional certifications in AML (e.g., CAMS, ICA) are highly desirable.
  • Expertise in European payments regulations, including PSD2, XS2A, SCA, RTS, GDPR, AMLDs.
  • Strong analytical, leadership, and communication skills.
  • Extensive experience in non-financial reporting via the goAML platform.

Note: The appointment of the MLRO is subject to prior approval from the Malta Financial Services Authority (MFSA).

What happens after you apply?

Our Talent Acquisition team is invested in creating the best candidate experience possible, so don’t worry, you will definitely hear from us. We will review your CV and keep you posted by email at every step of the process!

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