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Money Laundering Reporting Officer (MLRO) - Germany

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Revolut

Oct 28

Applications are closed

  • Job
    Full-time
    Senior Level
  • Berlin

Requirements

  • A bachelor’s degree
  • 7+ years of relevant experience
  • Knowledge and experience of best practice in financial services regulation, fraud detection methodologies, and emerging practice in financial crime and money laundering typologies
  • The ability to exercise oversight and understanding of financial crime and AML policies, procedures, and control arrangements in a complex financial operation
  • Problem-solving and decision-making skills to analyse complex information and identify the key issue/action to drive resolutions
  • Deep knowledge of the EU regulatory environment and key financial crime regimes, including the German AML Act (Geldwäschegesetz)
  • An understanding of payment systems and markets with a focus on technology and mobile applications
  • Fluency in English and German with great communication skills

Responsibilities

  • Defining, developing, managing, refining, and documenting the Financial Crime and AML programme
  • Working closely with the Group FinCrime function and senior managers to identify, assess, and mitigate regulatory compliance risks
  • Determining identification and verification standards for customer take-on and AML compliance
  • Managing the suspicious activity reporting process, internally and externally
  • Communicating with staff to ensure they understand their responsibilities and are trained in Revolut policies and procedures to identify financial crime
  • Escalating suspicious activity by making internal reports, and making external reports to regulators and other law enforcement bodies in a timely manner
  • Receiving and promptly responding to enquiries from law enforcement agencies
  • Serving as a liaison to local authorities, managing filings to the local Financial Investigation Unit
  • Supporting the business where necessary regarding the launch of new features to ensure regulatory requirements are met
  • Collaborating with internal compliance teams to identify steps to mitigate regulatory risks and provide recommendations

FAQs

What is the primary role of the Money Laundering Reporting Officer (MLRO) at Revolut?

The primary role of the MLRO is to ensure that the Financial Crime and Anti-Money Laundering (AML) control frameworks of Revolut are fully effective against money laundering, including managing compliance risks and overseeing suspicious activity reporting.

What qualifications are required for the MLRO position?

A bachelor's degree and 7+ years of relevant experience in financial services regulation and money laundering are required. Additionally, deep knowledge of the EU regulatory environment, including the German AML Act, and fluency in English and German is necessary.

Is prior experience in financial crime and AML policies important for this role?

Yes, knowledge and experience of financial crime detection methodologies, AML policies, and control arrangements in a complex financial operation are crucial for this role.

What languages are required for the MLRO position?

Fluency in both English and German is required for effective communication in this role.

What kind of work environment can I expect in this role?

The work environment at Revolut is dynamic, fast-paced, and collaborative, emphasizing compliance with regulatory requirements and teamwork to achieve company goals.

Are there opportunities for professional development in this position?

While not explicitly mentioned, the company values personal growth and encourages applications from individuals with diverse backgrounds, which suggests a supportive environment for professional development.

What is the focus of the compliance team at Revolut?

The compliance team focuses on ensuring that Revolut’s products and processes meet regulatory requirements while translating these regulations into the best customer outcomes, especially concerning financial crime and AML.

Does Revolut have a commitment to diversity and inclusion?

Yes, Revolut has launched a D&I Framework aimed at creating an inclusive workplace and encourages applications from candidates with diverse backgrounds and experiences.

What additional qualifications are considered beneficial for candidates?

A master's degree or professional qualification from an internationally recognized body, such as ICA or ACAMS, is considered a nice addition to the required qualifications.

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Revolut

One app, all things money

Finance
Industry
1001-5000
Employees
2015
Founded Year

Mission & Purpose

We are building the world’s first truly global financial superapp. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, our 15 million customers around the world use dozens of Revolut’s innovative products to make more than 100 million transactions a month. Across our personal and business accounts, we help customers improve their financial health, give them more control, and connect people seamlessly across the world.

Culture & Values

  • Get It Done

    Revoluters always push through!
 We stopped listening to excuses a long time ago - we care about results. We believe that grit, determination, skill, smartness, and courage can break through almost any wall.

  • Deliver WOW

    We love building great products, we love delighting our customers, we love turning the complexity of a chaotic world into the simplicity of a beautiful solution that truly solves customer needs.

  • Dream Team

    We select, coach, and retain the top talent only and give them all the support to achieve greatness

  • Never Settle

    Revolut is for those who always strive for excellence, for those who want to become the best in the world at what they do, for those who would never settle for less. Revolut is for 10x people.

  • Think Deeper

    Logic, reason, and common sense prevail over everything else in decision making at Revolut. We are open-minded, we listen, and we are always in search of the truth.

Benefits

  • Financial benefits that show we value your work

  • Medical insurance for you and your close ones

  • Flexibility to work from home, the office or abroad

  • A complimentary Revolut Metal subscription loaded with perks

  • Exciting events year-round so you can get to know your team