MLRO

Confidential; Hong Kong; On-site; HKD 900,000 - 1,500,000; Full time

Job summary

Confidential is seeking a Money Laundering Reporting Officer (MLRO) based in Hong Kong to lead the AML/CFT program within Compliance. The role reports to senior management and requires strong governance and risk management skills.

The MLRO will oversee internal disclosures, investigations and STR submissions to JFIU, ensuring strict confidentiality and timely reporting. A senior, independent professional with familiarity in HK TCSP and financial institutions is preferred.

Qualifications

• Experience in AML/CFT and regulatory compliance.
• Knowledge of HK AML/CFT laws (Cap. 615) and TCSP guidelines.
• Ability to investigate, assess risk and report to authorities.

Responsibilities

• Act as central point for receiving and assessing internal disclosures and exception reports.
• Ensure employees report suspicious activities promptly to MLRO.
• Review and investigate suspicious activities and decide on STR submissions to JFIU.
• Submit STRs to JFIU promptly per HK AML/CFT requirements.
• Maintain records of disclosures, investigations and STR submissions.
• Maintain confidentiality of STRs and guide staff to prevent tipping-off.
• Liaise with JFIU and law enforcement on AML/CFT matters.
• Stay updated on AML/CFT regulatory developments and provide guidance.

Skills

AML/CFT

Regulatory compliance

Financial crime risk

CDD/EDD

STR reporting

Communication

Leadership

Education

Bachelor's degree in Law/Finance

Job description

Job Description – Money Laundering Reporting Officer (MLRO)

Location: Hong Kong

Department: Compliance

Reporting to: Senior Management / Board of Directors

Position Level: Manager / Senior Manager

1. Key Responsibilities

• 1. Act as the central point of contact for receiving and assessing internal suspicious transaction disclosures and exception reports.
• 2. Ensure that employees promptly escape suspicious activities directly to the MLRO without undue delay.
• 3. Review and investigate suspicious activities and determine whether Suspicious Transaction Reports (STRs) should be submitted to the Joint Financial Intelligence Unit (JFIU).
• 4. Submit STRs to the JFIU promptly in accordance with applicable Hong Kong AML/CFT requirements.
• 5. Maintain proper records of internal disclosures, investigations, assessments and STR submissions.
• 6. Ensure confidentiality of suspicious transaction reports and provide guidance to staff on preventing tipping-off.
• 7. Liaise with the JFIU and relevant law enforcement authorities on AML/CFT matters.
• 8. Keep abreast of relevant AML/CFT regulatory developments and provide guidance on suspicious transaction reporting requirements.

2. Qualifications and Requirements

• 1. Bachelor's degree in Law, Finance, Accounting, Business Administration or a related discipline, or relevant professional qualifications.
• 2. At least 5 years of relevant experience in AML/CFT, regulatory compliance or financial crime risk management, preferably in a managerial or supervisory capacity.
• 3. Previous experience in Hong Kong TCSP, trust and corporate services, or financial institutions is highly preferred.
• 4. Strong knowledge of Hong Kong AML/CFT laws and regulations, particularly the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) and the Companies Registry's AML/CFT Guidelines for TCSP licensees.
• 5. Practical experience in CDD, EDD, customer risk assessment, suspicious transaction investigations and STR reporting.
• 6. Demonstrated ability to exercise independent judgment, manage compliance matters and communicate effectively with senior management and regulatory authorities.
• 7. Sufficient seniority, authority and AML/CFT expertise to effectively discharge the responsibilities of the MLRO.
• 8. Strong integrity, professionalism and ability to handle confidential information. The candidate should normally be based in Hong Kong.

3. Reporting Authority and Independence

• 1. The MLRO shall have sufficient seniority, authority, knowledge and independence to discharge the responsibilities effectively.
• 2. The MLRO shall have appropriate access to senior management and direct access to senior management where necessary.
• 3. The Company shall provide adequate resources, relevant information and access to customer and transaction records to enable the MLRO to perform the role effectively.
• 4. The MLRO should, as far as practicable, operate independently of business and operational functions.
• 5. An appropriate Alternate / Deputy MLRO arrangement shall be maintained to ensure continuity of responsibilities.