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- Tasks: Lead the AML/CFT function and ensure compliance across two regulated entities.
- Company: AstroPay is an innovative online payment solution provider focused on empowering individuals.
- Benefits: Enjoy flexible hours, professional growth opportunities, and a vibrant team culture.
- Why this job: Join a dynamic team and make a real impact in the online payment industry.
- Qualifications: 5+ years in AML/CTF compliance, strong communication skills, and familiarity with regulatory landscapes required.
- Other info: Background checks are mandatory for this role to maintain organisational integrity.
The predicted salary is between 43200 - 72000 £ per year.
At AstroPay, we believe in empowering people to reach their full potential and to be part of an innovative and forward-thinking company. Our goal is to provide a cutting-edge online payment solution that goes beyond just a traditional wallet. We are dedicated to creating a dynamic and challenging work environment that fosters creativity, innovation, and a strong sense of community among our team.
AstroPay is seeking a Money Laundering Reporting Officer (MLRO) to lead its AML/CFT function across two regulated Isle of Man entities: AstroPay Global (IOM) Limited and AP Digital (IOM) Limited. This pivotal role requires a resident Isle of Man candidate who meets the IOMFSA’s Fitness and Propriety standards and will be registered as a Controlled Function (R15).
Key Responsibilities:
- Act as MLRO and lead the IOM compliance team.
- Provide strategic oversight of AML/CFT programs and ensure a high-performance culture.
- Develop and deliver regular compliance training to local staff.
- Maintain and enhance AML/CFT policies, controls, and procedures.
- Lead the Compliance Monitoring Program and ensure alignment with evolving regulations.
- Oversee control testing, quality assurance, and ongoing program improvements.
- Supervise high-risk customer reviews and CDD/EDD processes.
- Oversee sanctions screening and PEPs monitoring.
- Ensure robust documentation and escalation protocols for financial crime risks.
- Conduct complex investigations and prepare SARs for submission via Themis.
- Serve as the main point of contact for the IOMFSA and handle all regulatory communications.
- Maintain STRIX statistical reporting and present findings to senior management.
- Advise business units on AML matters and support cross-functional compliance initiatives.
- Evaluate and maintain AML tech tools; recommend improvements to drive efficiency.
Core Competencies and Skills:
- 5+ years AML/CTF compliance experience, ideally in FinTech or payment services.
- Must meet IOMFSA's Controlled Function criteria (integrity, competence, capacity, financial standing).
- Demonstrated experience building and managing compliance programs.
- Strong understanding of Isle of Man AML/CFT legislation and regulatory landscape.
- Proficient in risk assessment, with the ability to recommend appropriate controls.
- Excellent written and verbal communication skills.
- Experience in dealing with regulators, auditors, and bank partners.
- Familiarity with AI/data analytics in compliance.
- Experience with tools for purpose of screening, transaction monitoring and IDV.
Important Notice: By submitting your application for this position, you acknowledge and consent to the completion of a comprehensive background check as a mandatory part of the final hiring process. This procedure is essential to uphold the standards and integrity of our organization. We appreciate your cooperation and understanding.
Money Laundering Reporting Officer (MLRO) employer: AstroPay
Contact Detail:
AstroPay Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Money Laundering Reporting Officer (MLRO)
✨Tip Number 1
Familiarise yourself with the Isle of Man's AML/CFT legislation and regulatory landscape. Understanding the specific requirements and nuances of the local regulations will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the FinTech and payment services sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even referrals for the MLRO position.
✨Tip Number 3
Showcase your experience with compliance programmes and risk assessment tools. Be prepared to discuss specific examples of how you've successfully implemented or improved AML/CFT policies in previous roles.
✨Tip Number 4
Demonstrate your communication skills by preparing to articulate complex compliance concepts clearly. This is crucial as you'll need to advise business units and present findings to senior management effectively.
We think you need these skills to ace Money Laundering Reporting Officer (MLRO)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Money Laundering Reporting Officer. Familiarise yourself with AML/CFT regulations and the specific requirements mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in AML/CTF compliance, especially in FinTech or payment services. Use specific examples to demonstrate your skills in risk assessment, compliance program management, and communication with regulators.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your values align with AstroPay's mission and culture, and provide examples of how you've successfully led compliance initiatives in the past.
Prepare for Background Checks: Since a comprehensive background check is mandatory, ensure that all your information is accurate and up-to-date. Be ready to discuss your professional history and any potential concerns during the interview process.
How to prepare for a job interview at AstroPay
✨Understand AML/CFT Regulations
Make sure you have a solid grasp of the Isle of Man's AML/CFT legislation and regulatory landscape. Be prepared to discuss how these regulations impact the role and how you would ensure compliance within the company.
✨Showcase Your Experience
Highlight your 5+ years of AML/CTF compliance experience, particularly in FinTech or payment services. Be ready to provide specific examples of compliance programs you've built or managed, and how they contributed to the organisation's success.
✨Demonstrate Leadership Skills
As the MLRO, you'll be leading a team. Prepare to discuss your leadership style and how you foster a high-performance culture. Share examples of how you've developed and delivered training to staff in previous roles.
✨Prepare for Technical Questions
Familiarise yourself with AML tech tools and data analytics in compliance. Be ready to discuss your experience with screening, transaction monitoring, and ID verification processes, as well as any recommendations you've made for improvements.
