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Money Laundering Reporting Officer (MLRO) - Germany

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Qonto

Sep 12, 2024

Applications are closed

  • Job
    Full-time
    Expert Level
  • Legal
    Banking & Finance
  • Berlin
    Remote

Requirements

  • Experience: 10+ years of experience in AML/CFT, with significant experience as an AML officer in German financial institutions
  • Expertise: Deep knowledge of German AML regulations and the ability to interpret and apply them effectively
  • Stakeholder Management: Proven ability to navigate complex organizational structures, influence decision-makers, and build strong relationships with regulatory bodies
  • Communication: Strong verbal and written communication skills, with the ability to articulate complex AML concepts to diverse audiences, from technical teams to board members
  • Adaptability: Demonstrated flexibility in adapting to rapidly changing regulatory landscapes and emerging technologies in the fintech sector
  • Background: Proven track record of successfully managing AML teams and interacting with regulatory bodies
  • Languages: High proficiency in both German and English is required

Responsibilities

  • - Monitor and enhance AML policies, procedures, and internal control measures for the German branch
  • - Assist the board of directors in AML-related issues, including organizational structure and resource allocation
  • - Evaluate issues and remediation proposals presented by the MLRO
  • - Ensure periodic reporting to corporate bodies on AML activities and regulatory interactions
  • - Oversee the implementation of a comprehensive remediation plan to address regulatory concerns
  • - Chair the local risk committee, preparing and debriefing high-stakes meetings
  • - Represent Qonto to local authorities and drive necessary changes across the organization
  • - Participate in the validation process for high-risk clients at the German branch

FAQs

What is the primary role of the Money Laundering Reporting Officer (MLRO) at Qonto in Germany?

The primary role of the MLRO is to lead and drive financial crime compliance initiatives, strengthen the AML framework, navigate regulatory landscapes, and oversee the implementation of AML policies and procedures for the German branch.

What are the main responsibilities of the MLRO?

The MLRO is responsible for monitoring and enhancing AML policies, providing strategic advisory to the board, evaluating risk mitigation proposals, ensuring compliance reporting, overseeing regulatory remediation, chairing the local risk committee, liaising with regulatory bodies, and validating high-risk clients.

What kind of experience is required for the MLRO position?

The MLRO position requires 10+ years of experience in AML/CFT, with significant experience as an AML officer in German financial institutions.

What qualifications should applicants have regarding German AML regulations?

Applicants should have deep knowledge of German AML regulations and the ability to effectively interpret and apply them.

What are the language requirements for this role?

High proficiency in both German and English is required for this role.

What can applicants expect in terms of team and market context?

Applicants can expect to work in a dynamic fintech environment facing complex regulatory challenges within the German market.

Who will the MLRO report to?

The MLRO will report directly to Alexandre Dressayre, the Head of Financial Crime.

What are some key personal attributes sought in candidates for MLRO?

Candidates should possess strong communication skills, adaptability to changing regulatory landscapes, proven stakeholder management ability, and a track record of effectively managing AML teams.

What is Qonto's approach to diversity in hiring?

Qonto emphasizes evaluating applicants based solely on skills and potential, ensuring diversity within the team, with a commitment to creating an inclusive environment.

What benefits does Qonto offer its employees?

Qonto offers various benefits, including a competitive salary package, tailored remote work policies, meal vouchers, public transportation reimbursement, great health insurance, employee well-being initiatives, and monthly team events.

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Qonto

The finance solution that energizes SMEs and freelancers.

Finance
Industry
1001-5000
Employees
2016
Founded Year

Mission & Purpose

Qonto is a financial technology company that offers an all-in-one business banking solution designed for small and medium-sized enterprises (SMEs), freelancers, and startups. It provides a comprehensive platform that simplifies banking, accounting, and financial management, enabling businesses to manage their finances with ease. Qonto's ultimate mission is to help businesses save time and focus on growth by offering a streamlined, user-friendly banking experience. Their purpose is to revolutionise business banking by making financial management efficient, transparent, and accessible for all companies, no matter their size.