Money Laundering Reporting Officer - Spain

We are seeking a highly skilled and experienced Money Laundering Reporting Officer (MLRO) to join our team in Spain. The MLRO will be responsible for overseeing and managing the institutions compliance with AML (AntiMoney Laundering) and CTF (CounterTerrorist Financing) regulations. This role requires a deep understanding of Compliance regulatory requirements risk management and effective communication with regulatory authorities. The MLRO will play a crucial role in safeguarding the institution against financial crime and countering terrorism financing
 

Your mission:

Regulatory Compliance:

• Ensure the institutions operations comply with Spanish relevant EEA and International AML/CTF laws and regulations.

• Serve as the main point of contact with regulatory bodies in Spain (e.g. the Banco de Espana and the SEPBLAC) and law enforcement agencies concerning AML/CTF issues including the submission of suspicious activity reports (SARs) and other related reports.

Risk Assessment and Management:

• Implement and maintain a comprehensive AML/CTF risk management framework to identify monitor and mitigate potential risks.

• Conduct regular risk assessments and audits to ensure the effectiveness of the AML/CTF controls in place.

Policy Development and Implementation:

• Develop maintain and implement AML/CTF policies and procedures to ensure compliance with legal and regulatory changes.

• Collaborate with senior management to integrate AML/CTF considerations into the strategic development of new products and services.

Reporting and Analysis:

• Prepare and submit detailed AML/CTF reports to senior management and relevant authorities summarising key findings trends and compliance metrics.

Training and Awareness:

• Design and deliver regular training programs for employees fostering a culture of compliance and raising awareness about AML/CTF obligations.

• Ensure all staff understand their responsibilities under the AML/CTF framework and know how to report suspicious activities.

Collaboration and Communication:

• Collaborate with internal teams such as compliance legal and operations to ensure a coordinated approach to AML/CTF compliance.

• Maintain open lines of communication with European and global MLROs to share best practices and stay informed of industry developments.

A bit about you:

• Minimum of 7 years of experience in AML/CTF compliance preferably within the financial services or payments industry.

• Proven track record of successfully managing regulatory relationships and compliance programs.

• Indepth knowledge of Spanish and EEA AML/CTF regulations and an understanding of the latest trends and challenges in the field.

• Strong analytical and problemsolving skills with attention to detail in reviewing complex transactions and identifying red flags.

• Excellent communication and interpersonal skills to effectively interact with regulatory authorities internal teams and external stakeholders.

• Proficiency in data analysis tools.

• Ability to work independently prioritize tasks and manage multiple projects simultaneously.

• Fluent in Spanish and English; additional language skills are advantageous.
• Bachelors degree in Finance Law Business Administration or a related field. Advanced degrees or certifications in compliance such as CAMS or ICA are highly desirable.

Additional Information :

#LISL

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Remote Work :

No

Employment Type :

Fulltime