Alibaba International– Money-laundering Reporting Officer (MLRO) or Anti-Money Laundering Officer (AMLO)-Thailand

We seek to hire a MLRO/AML Officer who is responsible for overseeing and monitoring the implementation of Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) compliance program for the Bank of Thailand (BoT) licensed payment institution. This role ensures the regulatory compliance and licenses maintenance for a world-class payments AML compliance program that operates to effectively identify and mitigate legal and regulatory risks, and embed the highest standards of compliance. The MLRO and/or AML Officer will be based in our office in Thailand and report to the Head of AML.

Primary Responsibilities:

• Understand and be able to consider and advise on maintaining adequate systems, processes and controls to identify risks in relation to persons, countries, business relationships and activities, and to:

i. oversee the AML framework

ii. conduct transaction monitoring reviews

iii. present any updates or key findings to the Senior Management

iv. review and file Suspicious Transaction Reports (STR)

v. review and update AML/CFT Policies and Procedures

vi. develop and conduct relevant risk assessments

• Review and evaluate AML/CTF policies, procedures, and internal controls to ensure that they are effective and up-to-date with regulatory requirements;

• Ensure the effective implementation of robust customer due diligence (CDD), watchlist screening and transaction monitoring processes;

• Monitoring the systems and controls (including, without limitation, the AML/CFT Procedures and other documented policies and procedures, in line with the requirements of the Regulations, as amended from time to time)

• Ensure effective monitoring and testing to ensure compliance and data quality, including transaction monitoring and all necessary reporting processes to regulatory bodies and partners;

• Establish the compliance monitoring program and manage matters relating to internal and external disclosures;

• Serve as the key liaison with the supervisory, regulators and other authorities such as law enforcement unit in relation to AML/CFT and responding promptly to requests for information;

• Stay up-to-date with changes in AML/CFT regulations and industry best practices, and recommend updates to the compliance program as needed;

• Provide training on AML/CFT matters.

Job Requirement

• At least 8 years of relevant AML experience, with solid experience in payments services, E-wallet, virtual bank, consulting firms, etc;

• Demonstrable track-record in regulatory compliance and anti-money laundering matters;

• Thorough understanding of Thailand’s AML/CFT laws, regulations and reporting requirements;

• The ideal candidate would have a mix of (i) prior in-house experience in the payments sector (preferably a licensed e-money/wallet/remittance operator) and (ii) experience in consulting firms;

• Relevant certification in AML and sanctions compliance;

• Prior experience in the payments industry or a fintech company, and/or with e-commerce or cross-border trade transactions strongly preferred;

• Proficiency in both English and Thai languages essential. Both languages will be your principal work languages;

• Highly-motivated and able to work independently, taking ownership of problems and comfortable holding the pen on policies, procedures and other documents relating to the regulatory compliance framework;

• Sincere interest in technology, innovation and business. Strong commercial sense with solid foundation in compliance and/or AML training;

• High integrity and desire to collaborate with others;

• Open to international travel.