Money Laundering Reporting Officer

About the Role: As a Money Laundering Reporting Officer (MLRO) at HugoBank, a trailblazer in digital banking, you will play a pivotal role in safeguarding our financial operations. You will be at the forefront of ensuring compliance with anti-money laundering (AML) laws and regulations. This position demands a high level of integrity and diligence, as you will be instrumental in maintaining the bank's reputation and legal standing. Roles & Responsibilities: The successful candidate will be tasked with the crucial job of leading and overseeing all aspects of the bank's anti-money laundering (AML) and counter-terrorist financing (CTF) efforts while formulating, deploying, and administering policies, procedures, and frameworks within our financial realm.

1. Develop and implement the bank's AML and CTF strategies, policies, and procedures in line with local and international regulatory requirements.
2. Create and maintain an effective AML and CTF framework, including risk assessment, customer due diligence, ongoing monitoring, and suspicious activity reporting.
3. Stay up-to-date with emerging trends, changes in regulations, and industry best practices related to AML and CTF, and provide guidance to the bank's management and staff.
4. Conduct regular AML and CTF risk assessments, identify gaps and weaknesses in the bank's controls, and recommend appropriate corrective actions.
5. Ensure the timely and accurate submission of regulatory reports and notifications to relevant authorities, as required.
6. Collaborate with internal stakeholders, such as legal, compliance, risk management, and operations, to ensure effective coordination in AML and CTF initiatives.
7. Foster a culture of compliance and ethics within the bank, promoting awareness and understanding of AML and CTF policies and requirements.
8. Represent the bank in regulatory inspections, audits, and inquiries related to AML and CTF matters.
9. Regularly report to senior management and the board of directors on the bank's AML and CTF compliance status, issues, and progress.

1. Bachelor's or master's degree in finance, law, or a related field. Additional certifications in AML or CTF (e.g., CAMS, CFCS) are highly desirable.
2. Extensive experience in AML and CTF compliance within the banking or financial services industry.
3. In-depth knowledge of local and international AML and CTF regulations, guidelines, and best practices, including familiarity with FATF (Financial Action Task Force) recommendations.
4. Sound judgment and decision-making skills, with the ability to balance regulatory requirements with the bank's business objectives.