Money Laundering Reporting Officer - Barcelona
Revolut
Barcelona
hace 1 día
source : Index Ventures

What we need

Revolut is seeking an experienced MLRO to ensure that the Financial Crime and Anti-Money Laundering Control Frameworks of Revolut are fully integrated and operating effectively against money laundering and relevant regulations.

This position is critical to support the growth of Revolut’s business and will be the focal point for all activity within Revolut relating to anti-money laundering.

This role will require the development and maintenance of Revolut’s compliance strategies and relevant policies, and ensure their rigorous implementation across all functions within the business, while guaranteeing sustained regulatory compliance.

The MLRO will have the level of authority, independence and support to properly carry out his or her responsibilities.

At Revolut we are committed to the highest standards of control, governance and independent oversight. We are searching for someone with extensive experience in the financial industry and proven experience in a compliance function that is excited to design, lead and shape the future of oversight and compliance.

Strong problem solving, operational process and analytical skills is a must as is experience with regulators and the regulatory exam process in financial institutions.

This role will demand high-levels of energy and creativity, an entrepreneurial spirit and the desire to work in a growing and changing environment.

The role will drive implementation of compliance control as highlighted in the AML and Compliance Risk Assessments and include a broad set of cross-functional responsibilities to ensure that all personnel are properly trained, processes are scalable, and metrics are accurately reported.

You will be expected to identify money laundering risk and maintain our systems and controls, considering a range of factors, including our :

  • Customer, product and activity profiles;
  • Distribution channels;
  • Complexity and volume of our transactions;
  • Processes and systems; and

    Operating environment

  • Operating and monitoring the effectiveness of controls required by the Frameworks to remain within the Board Risk Appetite
  • Compiling, assessing and reporting compliance, fraud and AML information to the local, Group and functional management
  • Ensuring that Revolut's activities comply with all relevant legislation and regulation
  • Ensuring Revolut's compliance framework is maintained and updated as approved by Revolut Board
  • Ensuring all financial-crime-related regulatory reporting obligations are fulfilled In addition, the Compliance Officer is responsible for supporting the local CEO (or AML responsible Member of the Board) in advising the Board.

    What you'll be doing

  • Defining, developing, managing, refining and documenting the Financial Crime and AML Program to manage all sources of regulatory risk and provide reporting which meets the needs of the regulator, local and Group management
  • Working closely with the the Group FinCrime function and other senior managers across the business to identify, assess, update and mitigate the regulatory compliance risks posed to Revolut and determining the priorities and resources required to effectively control them
  • Determining identification and verification standards for customer take-on and AML complianceManaging the suspicious activity reporting process, internally and externally;
  • Communicating with all necessary staff to ensure they understand their responsibilities and are trained in Revolut policies and procedures to identify financial crime, escalate suspicious activity by making internal reports and make external reports to the regulators and other law enforcement bodies in a timely manner
  • Receiving and promptly responding to enquiries from law enforcement agencies
  • Continuously developing, enhancing and embedding the financial crime and AML risk framework for managing key regulatory risks across the firm, ensuring that all processes are fit for purpose
  • Serve as a liaison to the local authorities, manage filings to the local Financial Investigation Unit
  • Support to the business where necessary regarding the launch of products to ensure regulatory requirements are met, as appropriateWork cross-functionally across multiple teams to ensure execution against regulatory requirements and internal policies
  • Collaborate with internal Compliance teams (such as Financial Crime, Compliance Operations, Risk & Controls) to identify clear steps necessary to mitigate those regulatory risks and provide those recommendations in the form of clear business requirementsPartner with Product Owners to educate and drive the appropriate execution of compliance requirements
  • 5 years of experience in a an MLRO role with a regulated Italian Financial Services firm
  • Team management skills including the ability to oversee compliance and control activities within a global payment processing environment
  • Knowledge and experience of best practice in Spanish financial services regulation, fraud detection methodologies, and emerging practice in financial crime and money laundering typologies.
  • Good communicator with the ability to motivate othersAbility to exercise oversight, knowledge and understanding of financial crime and AML policies, procedures and control arrangements in a complex financial operation
  • Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue / action and drive resolution
  • Deep knowledge of the Spanish and EU regulatory environment and key financial crime regimes.
  • Understanding of payment systems and markets with a focus on technology and mobile applications
  • Fluent in English and SpanishA bachelor’s degree, with a relevant Master’s Degree preferred or a professional qualification from an internationally recognised body (e.g ICA, ACAMS)

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