Money Laundering Reporting Officer (MLRO) - Remote

Overview

The Money Laundering Reporting Officer (MLRO) is responsible for ensuring that the organization complies with legal and regulatory obligations concerning money laundering prevention. The MLRO manages and oversees the company's anti-money laundering (AML) policies and procedures, assesses risk, performs investigations, reports suspicious transactions, and ensures that the business follows all relevant laws, regulations, and internal standards.

In Short

• Develop, implement, and maintain the organization’s anti-money laundering (AML) policies, procedures, and controls.
• Ensure compliance with circulars, directives and rules of Regulators (CBN, NDIC), Law Enforcement Agents (EFCC, Police, NFIU, DSS etc) as well as the local laws.
• Monitor and interpret any changes in AML laws and regulations, ensuring timely adaptation of company procedures.
• Perform regular AML risk assessments for the company, identifying and assessing potential risks associated with money laundering and terrorist financing.
• Evaluate and monitor the customer base for high-risk clients and activities.
• Implement effective risk management strategies, particularly with regard to customer onboarding, monitoring, and reporting.
• Monitor and investigate suspicious activities or transactions and evaluate whether they are indicative of money laundering or other financial crimes.
• Prepare and submit Suspicious Activity Reports (SARs) and Suspicious Transaction Report (STR) to the NFIU.
• Maintain confidentiality regarding any ongoing investigations or reports filed.
• Develop and deliver training programs for staff across all departments to raise awareness about AML regulations, policies, and procedures.

Requirements

• Significant experience (typically 10+ years) in a financial institution, regulatory body, or similar setting, with a focus on anti-money laundering compliance.
• Strong knowledge of money laundering regulations, KYC, CDD, and EDD procedures.
• Proficiency in AML software and transaction monitoring systems.
• Excellent analytical, investigative, and problem-solving skills.
• In-depth knowledge of financial products and services, especially in digital banking space.

Benefits

• Culture - We put our people first and prioritize the well-being of every team member.
• Learning - We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
• Compensation - You’ll receive an attractive salary, pension, health insurance, plus other benefits.