Money Laundering Reporting Officer

Role summary -

The Money Laundering Reporting Officer (MLRO) Israel will manage the AML/CTF Compliance Program for Payoneer Inc. as a regulated Foreign Payment Service Provider under the Israel Regulation of Payment Services and Payment Initiation Law. The Israel MLRO serves as Payoneer Inc.s local Israeli AML/CFT Officer and point of contact with Israeli authorities responsible for developing implementing administering and maintaining all aspects of the AML/CFT Compliance Program in alignment with Israeli laws and regulations internal policies and procedures and supervisory expectations. The MLRO must be fully knowledgeable of Israels AML/CFT regime and best practices applicable to payment service providers.

Israel
Hybrid
Full-time

What youll do -

• Lead the execution evolution and continuous improvement of Payoneers AML/CFT program in Israeli applying a risk-based approach tailored to payment services and crossborder flows.
• Serve as the designated Israeli Money Laundering Reporting Officer for Payoneer Inc. as a Foreign Payment Service Provider in Israel.
• Act as primary compliance liaison to Israeli authorities including the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA) and the relevant supervisory authority for payment services; coordinate exams information requests and remediation.
• Oversee end-to-end Unusual Activity Reporting (UAR) and any other applicable reporting obligations ensuring timely accurate and compliant filings to IMPA and high-quality SAR documentation.
• Maintain and refresh AML/CFT policies procedures standards and controls to comply with the Prohibition on Money Laundering Law Regulation of Payment Services and Payment Initiation Law and related identification reporting and record retention local regulations applicable to payment service providers in Israel.
• Support transaction monitoring and investigations workstreams ensuring adherence to defined policies procedures and industry standard best practices.
• Facilitate and collaborate with applicable stakeholders on the annual AML Risk Assessment with respect to regulated activity in Israel.
• Verify the implementation of online identification policy and supervise the use of online identification technology and associated risks in accordance with local requirements.
• Oversee local Sanctions Politically Exposed Persons (PEP) and Negative News screening decisions against Israeli lists and coordinate with Payoneer Inc.s OFAC Officer as appropriate on relevant OFAC matches.
• Assist with local Israel regulatory examinations and internal/external independent reviews or audits of the AML program.
• Oversee responses to subpoenas or other document requests from Israeli law enforcement or regulatory bodies as applicable.
• Assist and advise Regional Head of Compliance and other members of Senior Compliance Management of emerging risks new or amended laws regulations or agency guidance and recommend local Israel AML program improvements or enhancements.
• Prepare and review management information (KPIs/KRIs training issues and incidents reporting statistics) for senior compliance leadership local management and periodic governance reporting with respect to regulated activities in Israel.
• Provide ongoing education and oversight on emerging AML/CFT risks arising from Payoneers customers products services and partners in Israel.
• Partner cross-functionally with Product Engineering Data Operations and Global Compliance to embed controls into new features and markets and to maintain alignment with Payoneers global standards.
• Future opportunity to build and lead small local AML team and/or manage external advisors as needed; promote a culture of compliance and continuous improvement.

Who you are -

• Extensive knowledge of Israels AML/CFT framework including the Prohibition on Money Laundering Law Prohibition on Terror Financing provisions relevant Identification Reporting and RecordKeeping Orders for payment service providers and the Regulation of Payment Services and Payment Initiation Law.
• Demonstrated experience filing Unusual Activity Reports to IMPA and managing interactions with Israeli authorities.
• 610 years of AML/CFT experience in payments fintech emoney crypto or banking compliance with crossborder payments experience strongly preferred.
• Experience with higherrisk customer types complex transactional flows and typologies relevant to global cross-border payments.
• Fluent verbal and written communication skills in Hebrew and English.
• Bachelors degree; professional certification preferred (e.g. CAMS or equivalent AML certification).
• Proficient computer skills especially Microsoft Office and experience with compliance case management tools.
• Strong professional presence to support regular interactions with senior management.

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Required Experience:

Unclear Seniority