Money Laundering Reporting Officer (MLRO)-Legal
Test QA
Accounting, Auditing & Finance
Job Summary
Job Description/Requirements
Juice is a new payment network that makes it easy for businesses and individuals to participate freely in the global economy.
About the role
The Juice Global, Inc. compliance team is looking for a Money Laundering Reporting Officer (MLRO) - Legal to support the creativity of their banking products, by providing subject-matter expertise in industry best practices and the global regulatory landscape. You will utilize your legal training, knowledge of banking regulations (Wires/Swift, direct demand accounts, Reg E, Reg D, Reg CC, NACHA, Prepaid Cards and access rule, travel rule, etc), AML compliance and Sanction laws to establish regulatory go-to market strategies and global expansion planning for multiple banking product offerings. You will also manage and facilitate the product launch process with multiple compliance operational teams and establish applicable compliance metrics for the Payments products. You will report to the Head of Compliance and will play a pivotal role in helping build compliant world class digital products and features.
For this role, they are open to people that would work from anywhere in Africa.
What do you need to be considered successful?
You will:
â Support global expansion of new banking product and feature launches
â Establish and communicate product and compliance requirements that scale with product framework of our infrastructure, processes, policies, and timelines to partner teams
â Participate in the review and negotiation of partner contracts to ensure consistency with existing processes or highlight changes needed to integrate for future growth plans
â Determine compliance requirements for domestic and international markets
â Advise Invest product team on Compliance operational process and regulatory requirements across multiple markets
â Design go-to market strategies that comply with applicable regulatory obligations for all banking products and strategies
â Determine key data and operational requirements of new product initiatives, by partnering with compliance operations, risk management, legal and customer success teams
â Design and draft all relevant program documentation, content, and processes
â Remain up-to-date on regulatory landscape and changes, best practices and industry developments and participate in annual risk assessments and audits
â Identify applicable metrics, KPIs and KRIs for the leadership review
How important are you to the bottom line?
Your role here ensures that the company is compliant with complex legal and regulatory requirements, mitigating legal risks, and avoiding costly fines and legal issues that could impact profitability.
Biggest solving duty in this role?
You would have to navigate and address legal challenges promptly to minimize potential financial and legal risks.
What should you have done in your career?
You should have:
â 6+ years experience in regulatory compliance management, including AML and Sanctions
â 5+ years experience in supervisory retail banking operations
â 5+ years experience in banking regulatory rules and regulations
â Extensive knowledge of various banking products, including domestic and global wires, savings accounts, direct demand accounts and correspondent banking
â Project management experience and proficiency with banking back-office opérations.
â Legal background or JD
What you stand to gain?
- Competitive salary
- Opportunity for career advancement.
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