Position Overview:
We are looking for a highly skilled and detail-oriented Money Laundering Reporting Officer (MLRO) to lead compliance efforts in Hong Kong for my client. The successful candidate will have extensive experience in MSO compliance, particularly in anti-money laundering (AML) and counter-financing of terrorism (CFT) frameworks.
Key Responsibilities:
- Serve as the designated MLRO for the organization, ensuring full compliance with Hong Kongs regulatory requirements under the Customs and Excise Departments MSO licensing framework.
- Develop, implement, and maintain AML/CFT policies, procedures, and controls tailored to the cash-to-cash conversion business model.
- Monitor transaction activities and report suspicious transactions in accordance with regulatory guidelines.
- Liaise with regulatory bodies, including the Hong Kong Customs and Excise Department and the Joint Financial Intelligence Unit (JFIU), ensuring effective communication.
- Conduct regular risk assessments and compliance reviews to identify gaps and recommend improvements.
- Provide comprehensive training to staff on AML/CFT obligations and best practices.
- Oversee the preparation and submission of periodic compliance reports and transaction statements.
- Keep abreast of the latest regulatory updates and industry standards, ensuring the firms operations are compliant and competitive.
- Contribute to the development of a proactive risk management strategy to anticipate and address potential compliance challenges.
Qualifications:
- Proven experience as an MLRO or Compliance Officer within an MSO-licensed firm in Hong Kong.
- In-depth knowledge of AML/CFT regulations, particularly as they apply to virtual assets and OTC transactions.
- Familiarity with the regulatory framework governing cash-to-cash conversion financial services in Hong Kong.
- Strong analytical and communication skills, with the ability to convey complex compliance issues clearly.
- Ability to work independently while managing multiple compliance priorities effectively.
- Fluency in English, Cantonese, and Mandarin is essential.
Preferred Qualifications:
- Professional certifications such as CAMS, ICA, or equivalent.
- Experience in developing compliance training programs or materials.