Money Laundering Reporting Officer (Mlro) Milano

Money Laundering Reporting Officer (Mlro)
Milano
Lombardia, Milano

About Us

Why TerraPay?

TerraPay is a global money movement player on a mission to build a borderless financial world. We believe payments should be instant, reliable, transparent, seamless, and fully compliant.

Registered and regulated across 31 global markets, we are a leading payments partner for banks, mobile wallets, money transfer operators, merchants, and financial institutions.

We are proud to be a twice-certified Great Place to Work and were featured in the 2023 CB Insights Fintech 100 and the 2024 Financial Times 1000 lists.

Read more about TerraPay here.

What do we stand for?

At TerraPay, we stand for innovation, efficiency, and the relentless pursuit of excellence in the payments industry. Our commitment is to deliver seamless financial interactions, enhance global connectivity, and drive transformative changes in the way people and businesses exchange funds. We place a strong emphasis on trust, security, and collaboration, ensuring that our clients and partners experience world-class financial services with unmatched integrity.

Our culture & core values:

At TerraPay, we don't just talk about our values—we live by them. Humility, ownership & responsibility, entrepreneurship, global citizenship, and trusting empowerment are the principles that guide everything we do. If you're looking for a career that offers abundant opportunities for innovation and a culture of excellence, TerraPay is the place to be.

With comprehensive healthcare benefits, cab facilities for our India-based employees, and a generous leave policy, we've got you covered. Join us in one of our 10 offices worldwide and collaborate with a diverse team representing 40+ nationalities.

**Requirements**:

**Responsibilities**:

- Liaison with the senior management and / or board on AML/ CTF issues.

- Liaison with independent auditors a remedying any issues identified with the AML/CTF framework.

- Serving as nominated MLRO /Compliance Officer in Italy and/or EEA.

- Consideration of any regulatory feedback regarding the reporting of entity's risk management performance.

- Liasioning with the Bank of Italy/ Financial Intelligence Unit and/or other regulatory authorities in making STR investigations and /or filings on GOAML, as applicable.

- Contributing to the design, implementation, and maintenance of internal AML/ CTF.compliance manuals, policies, procedures, and systems, including as applicable from time to time.

- Ensuring AML/ CTF compliance is measured and as applicable, rewarded in the performance review processes.

- Conducting initial due diligence and ongoing evaluation of partners and other third-party service providers.

- Keeping relevant records in accordance with local regulatory provisions and acts.

- Coordinating periodic internal reviews of AML/ CTF compliance at partner offices.

- Ongoing partner analysis and transaction analysis.

- Identifying High, Medium and Low risk partners and customers.

- Prepare an analysis report on a quarterly basis.

- Prepare a Compliance report on a monthly basis.

- Timely submission of all regulatory reports performance review processes. Conducting initial due diligence and ongoing evaluation of partners and other third-party service providers.

- Keeping relevant records in accordance with local regulatory provisions and acts.

- Coordinating periodic internal reviews of AML/ CTF compliance at partner offices.

- Ongoing partner analysis and transaction analysis.

- Identifying High, Medium and Low risk partners and customers.

- Prepare an analysis report on a quarterly basis.

- Prepare a Compliance report on a monthly basis.

- Timely submission of all regulatory reports

Qualifications:

Essential Skills:

- Bachelor's degree in law, Finance, or related field.

- 4 to 5 years of experience in regulatory compliance, AML/CTF, preferably in banking or fintech industries.

- Knowledge of regulatory requirements issued by the Bank of Italy, particularly related to EMI's and payment institutions.

- Strong analytical skills and attention to detail.

- Excellent communication and interpersonal skills.

- Proficiency in English and local language(s) required.

Preferred Skills:

- Experience working with regulatory bodies or financial institutions in Italy.

- Expertise in card-scheme rules/requirements (Visa, Mastercard, etc)

- Background in law firms specializing in banking or financial services.

- Certification in regulatory compliance or related field.

**Benefits

**Benefits**:

- A competitive compensation package, including performance bonuses.

- Join a global team with members from 45+ different nationalities spread across 5 continents.

- Enjoy 26 days of annual leave in addition to bank holidays.

Interview rounds & assessments:

Table for Two:

A brief chat with one of our Recruiters to assess your foundational competencies and provide an overview of TerraPay.

Beyond the Bio:

A discussion with an SME or the RM to evaluate your role-specific knowledge, problem-solving abilities, a