BettingJobs is working with a rapid growth casino operator seeking to expand their team with a remote based Head of Compliance and MLRO.
This position can be based in Malta or UK via payroll and is well suited to those who enjoy working in lean teams and managing their own tasks. People management experience is essential for this position.
This role is a vital part of the senior management team, responsible for internal process improvement and liaising with external regulatory stakeholders. Due to the international nature of the team this is not suited for those looking for a 9-5 job, hours will vary depending on project needs and you'll be rewarded for it with a modern culture and high remuneration package!
Duties and Requirements
• Reporting Suspicious Activities (SAR) in Curacao
• Learning about Curacao standards for SAR reports and other obligations
• Creating new, more effective processes and adapting our previous process in regards to ML/TF and PEP-
• Reviewing and adapting our Policies in regards to ML/TF and PEP
• Review the current system to combat ML/TF, prevent PEP, and improve it wherever needed, including its partner software.
• Review the Risk Assessment together with the legal department
• The final line of defense for queries and issues of compliance
• Work and cooperate with local lawyers in ML/TF/PEP matters and gain additional gambling licenses from a compliance standpoint.
• Sign off and review High-Risk, VIP and HV profiles.
• Ensure all operations are legal.
• Oversee cryptocurrency checks performed with Chainalysis and ensure that policies are written up regarding processes and checks.
• Ensure transactions made through our payment processes are compliant with all AML/CFT standards.
• Communication with the Legal, Compliance, Marketing and stakeholders on the most suitable way to combat ML and TF.
• Standardizing and writing down current ML/TF processes and training the staff in using those to judge cases on a regular basis.
• Reviewing high-risk cases detected through the company’s team and software.
• Escalating high-risk cases to the local government if necessary. (Last line of defense)
• Communication Gambling Authorities and Regulators and dealing with all formal requests.
• Sharing expertise on combating ML/TF with the team
• Regular analysis of the company’s AML/CFT and compliance efforts.
• Overseeing the compliance with international Sanctions together with the Legal Department.
• Maintain the company’s system to report illegal and illicit activities to the local authorities.
• Documenting all points of interest and providing this documentation to local authorities, regulators or license holders if necessary.
Other tasks:
• Training the team on more effective ML/TF processes.
• Onboarding local Co-MLRO for future European Licenses
• Assisting the Company in being compliant with a European Gambling License.
• Improving the company’s abilities to scan for PEP.
• Onboarding of additional processors if necessary.
• Communication with local authorities if necessary.
• Assist in determining the risk of new products.
• Working alongside with legal consoles
• Managing OFAC related compliance
