Description

Position Overview:

We are looking for a highly skilled and detail-oriented Money Laundering Reporting Officer (MLRO) to lead compliance efforts in Hong Kong for my client. The successful candidate will have extensive experience in MSO compliance, particularly in anti-money laundering (AML) and counter-financing of terrorism (CFT) frameworks.

Key Responsibilities:

• Serve as the designated MLRO for the organization, ensuring full compliance with Hong Kong's regulatory requirements under the Customs and Excise Department's MSO licensing framework.
• Develop, implement, and maintain AML/CFT policies, procedures, and controls tailored to the cash-to-cash conversion business model.
• Monitor transaction activities and report suspicious transactions in accordance with regulatory guidelines.
• Liaise with regulatory bodies, including the Hong Kong Customs and Excise Department and the Joint Financial Intelligence Unit (JFIU), ensuring effective communication.
• Conduct regular risk assessments and compliance reviews to identify gaps and recommend improvements.
• Provide comprehensive training to staff on AML/CFT obligations and best practices.
• Oversee the preparation and submission of periodic compliance reports and transaction statements.
• Keep abreast of the latest regulatory updates and industry standards, ensuring the firm's operations are compliant and competitive.
• Contribute to the development of a proactive risk management strategy to anticipate and address potential compliance challenges.

Qualifications:

• Proven experience as an MLRO or Compliance Officer within an MSO-licensed firm in Hong Kong.
• In-depth knowledge of AML/CFT regulations, particularly as they apply to virtual assets and OTC transactions.
• Familiarity with the regulatory framework governing cash-to-cash conversion financial services in Hong Kong.
• Strong analytical and communication skills, with the ability to convey complex compliance issues clearly.
• Ability to work independently while managing multiple compliance priorities effectively.
• Fluency in English, Cantonese, and Mandarin is essential.

Preferred Qualifications:

• Professional certifications such as CAMS, ICA, or equivalent.
• Experience in developing compliance training programs or materials.