Deputy Money Laundering Reporting Officer (Deputy MLRO)

About the role

We are seeking an experienced and detail-oriented Deputy Money Laundering Reporting Officer (DMLRO) to join our Compliance team in Hong Kong.

This role is instrumental in supporting the MLRO in managing and enhancing our AML/CFT compliance framework in line with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), regulatory requirements from the Hong Kong Customs & Excise Department (C&ED), and industry best practices. 

The Deputy MLRO will play a key role in supporting daily AML operations, including customer onboarding, transaction monitoring, STR filing, and liaising with internal teams to ensure compliance across the business. This position is ideal for professionals who are well-versed in AML regulatory requirements and looking to step into a more senior role within a growing fintech environment. The role will report to the Head of Compliance (MLRO), HK and East Asia in Hong Kong. 

What will you be doing?

• Support the MLRO in maintaining and enhancing the AML/CFT framework to meet the requirements of the AMLO and guidelines issued by C&ED
• Lead the development and implementation of internal policies, procedures, and controls relating to AML/CFT.
• Oversee the onboarding and customer due diligence (CDD/EDD) process, ensuring compliance with internal policies and regulatory expectations.
• Review, update, and enforce Fincrime-related policies, procedures, and internal controls to ensure alignment with regulatory requirements and industry best practices.
• Support the FinCrime Operations team in conducting customer due diligence (CDD), enhanced due diligence (EDD), sanctions screening, and transaction monitoring activities.
• Investigate and assess suspicious transactions, prepare Suspicious Transaction Reports (STRs), and submit Suspicious Transaction Reports (STRs) to the Joint Financial
• Intelligence Unit (JFIU) under the supervision of the MLRO.
• Review, approve and provide advice to the business and AML operations on high risk clients, transactions and events.
• Conduct regular AML/CFT risk assessments and gap analyses; propose and implement necessary risk mitigation measures.
• Assist in preparing regulatory reports, responses to audits, and inspections conducted by regulators.
• Coordinate with internal stakeholders and senior management to ensure the effective execution of the fincrime program.
• Coordinate and deliver AML/CFT training and awareness programs to employees across the organization and ensure that relevant teams are kept up to date with regulatory developments.
• Keep up to date with AML/CFT regulatory developments and industry trends, and advise internal stakeholders accordingly.
• Act as delegate or cover for the MLRO in their absence.

Minimum Qualifications: 

• At least 5 years of AML/CFT compliance experience, preferably in financial institutions, fintech, or MSO-regulated entities.
• Solid knowledge of the Hong Kong AML/CFT regulatory framework, including AMLO, Guideline on AML/CFT (C&ED), and industry standards.
• Experience in transaction monitoring, CDD/EDD processes, sanctions screening, and STR preparation.
• Strong analytical and investigative skills with attention to detail.
• Ability to liaise with regulators, auditors, and other external stakeholders on AML/CFT matters.

Preferred Qualifications: 

• Prior experience in a fintech or payment services company regulated under C&ED and/or SFC Type 1,4,9.
• Familiarity with Fincrime technology and tools (e.g., screening and transaction monitoring systems) and ability to work with data to identify trends or anomalies.
• Proactive, collaborative, and able to work independently with minimal supervision.
• Detail-oriented with proficient analytical, investigative, and decision-making skills.
• Strong written and verbal communication skills in English and Chinese; proficiency in Cantonese is a plus.
• CAMS certification or equivalent AML/CFT qualification