Job title: Deputy Money Laundering Reporting Officer (DMLRO)
Employment type: Full Time
Experience: 5 to 10 years
Salary: Negotiable
Job published: 06 November 2020
Job reference no: 2229974069

Job Description

Deputy Money Laundering Reporting Officer (DMLRO) having experience in finance and accounting to join our client in Port Louis, Mauritius.

As DMLRO, your main duties and responsibilities are as follows:

  • Make sure policies, procedures and manuals meet the latest regulation requirements.
  • Ensure that records are kept of appropriate policies, procedures and controls that are in place and that these are being properly adhered to.
  • Ensure business strategy involves business and client risk assessments.
  • Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on new and/or potential clients.
  • Conduct clients’ database monitoring and repeat CDD, EDD, PEP & sanctions screenings.
  • Monitor transactions and make rules to detect & resolve suspicious cases.
  • Identify and resolve fraudulent transactions.
  • Determine existing trends by analysing accounts and transaction patterns and suggest system improvements to reduce potential revenue losses.
  • Report to the board on compliance issues.

 

  • Maintain the general accounting system and records of the Company, whilst continuously ensuring compliance with Company policies.
  • Prepare report on financial results and internal audit results.
  • Prepare quarterly and annual financial statements.
  • Undertake all other statutory fillings including but not limited to tax fillings.
  • Overview external audit exercises.
  • Conception of the annual report and project managing the overall process.
  • Design and maintain an efficient internal control system and oversee the internal audit function.
  • Responsible for the operation of the Company’s transactions processes and monitoring.
  • Good knowledge of payroll practices (collection of attendance, MRA returns, etc.

The ideal candidate must :

  • Holding a relevant qualification from a recognized institution – Minimum a degree holder (Legal, Management, Economics, Finance or other relevant field) or a professional qualification.
  • At least 5 years managerial/ and compliance experience in the Global Business Sector.
  • Experience as MLRO or DMLRO will be a definite advantage.

Skills:

Industries: