Money Laundering Reporting Officer (MLRO)

About Rauva

Rauva is Portugal’s first all-in-one platform designed for business owners and entrepreneurs to start, run, and grow their businesses. From opening a business account and managing certified invoicing, expenses, and payments to accessing expert accounting services, Rauva brings everything you need into one single place.

Combining cutting-edge technology with personalized human support, we simplify daily business finances, so entrepreneurs can focus on what truly matters — growing their business. And this is just the beginning, as we're in the process of acquiring the bank Montepio Empresas.

Our achievements say it all:

• Awarded Mastercard For Fintechs Europe 2024
• Winner of the Banking Tech Awards 2024
• Recognized in the Technology Fast 50 2024 by Deloitte
• Winner of the Prémio Navegantes XXI 2024
• Selected by Banco de Portugal for the Finlab Portugal program
• Featured in the Portugal Fintech Report (2022 and 2023)
• Honoured as the Tech Innovator in Portugal 2023 by KPMG

Rauva was founded just 2 years ago in Lisbon, Portugal, and we’ve been on an incredible growth journey ever since. Our team has expanded rapidly, from 40 members last year to 100 today, representing over 10 nationalities and proudly maintaining a workforce that is 47% female.

Your work at Rauva will directly impact thousands of entrepreneurs, as you collaborate with a passionate team of innovators to create cutting-edge, user-focused products that are transforming the future of Portuguese businesses.

About you:

The Money Laundering Reporting Officer (MLRO) is responsible for overseeing the group’s compliance with anti-money laundering and prevention of terrorist financing (AML/PTF) regulations, monitoring transactions for suspicious activity, and ensuring adherence to applicable laws and guidelines. The MLRO acts as the primary point of contact with regulatory authorities and internal stakeholders on AML-related matters.

The ideal candidate will have over 5 years’ experience in AML/CFT matters, adequate professional competence, good reputation and advanced technological skills, considering the support to be given by top of the market AML/CFT focused IT solutions.

Your responsabilities:
Compliance Management:

• Design and implement the activity plan for the function
• Develop and implement the organization's AML and PTF, KYC, KYB policies, procedures, and controls and oversee compliance with systems and controls.
• Ensure compliance with national and international AML laws, including the FATF guidelines, the EBA guidelines, the EU AML Directive (5 and 6), and applicable local regulations (Law number 83/2017).
• Follow the guidelines from GAFI/FATF.
  
  

Transaction Monitoring:

• Act as the designated person to receive, evaluate, and process internal and external information relevant to AML obligations and suspicious transaction reporting under the applicable laws and regulations.

Reporting:

• MLRO will receive internal reports of suspicious activities from Rauva’s employees, investigate them, and transmit any relevant information to DCIAP and the UIF in Portugal, acting as Rauva’s central point of contact with the competent authorities.
• Keep and maintain copies of all documentation, records, and communications related to any reported suspicious activity.
• File Suspicious Activity Reports (SARs) with the relevant regulatory authorities.
• Provide regular reports to senior management and the board on AML/PTF-related issues and compliance risks.

Training and Awareness:

• Design and deliver AML/PTF training programs for staff across the organization.
• Ensure employees understand their roles in preventing money laundering.
• Define, monitor, and evaluate policies for internal training programs, ensuring that employees receive regular and adequate training on AML.

Regulatory Liaison:

• Serve as the primary point of contact with regulators and law enforcement agencies for AML/PTF-related matters.
• Respond to regulatory inquiries and audits in a timely and accurate manner.
• maintain a process to identify changes in legislation, regulation, regulatory expectations, and guidelines.

Risk Assessment:

• Conduct periodic AML/PTF risk assessments of the organization’s products, services, and customers.
• Identify vulnerabilities and recommend improvements to mitigate risks.
• Compile, assess, and critically review AML risks, reporting regularly to the Board of Directors and including these assessments in the annual report.
• Provide relevant updates to the Board of Directors at least annually on the status and compliance with Rauva’s AML Policy.

Recordkeeping:

• Maintain accurate records of AML/PTF compliance efforts, including SARs, training logs, and audit reports.
• Ensure documentation complies with statutory requirements.

Policy Review and Updates:

• Regularly review and update the AML/PTF program to reflect changes in regulations, technologies, and business models.
• Recommend enhancements to systems and processes to improve AML/PTF compliance.
• Oversee any relevant audits to evaluate the effectiveness of the AML Policy, including an annual review.
• Communication & Leadership:
• Maintain an independent and direct line of communication with Rauva’s Board of Directors
• Lead Rauva's policies and procedures on AML, proposing and issuing opinions for consideration by the Board of Directors to ensure compliance with the applicable laws and regulations.
  
  

What’s your ideal background?

• Education: Bachelor’s degree in law, finance, business, or a related field
• Certifications in AML/PTF or compliance is desirable.
• Experience: Proven experience in AML/PTF, compliance, or financial crime prevention between 5 and 10 years minimum.
• Previous experience in a financial institution, fintech, or similar regulated industry subjected to the same regulation.
• Experience in project planning and implementing software tools.
• Strong knowledge of AML/PTF laws, regulations, and best practices.
• Analytical and investigative skills with attention to detail.
• Excellent communication and interpersonal skills.
• Proficiency in AML/PTF software and data analysis tools
• Ability to handle sensitive information with discretion.
• Demonstrated leadership and decision-making abilities.
• Strong understanding of risk management principles.
• Strong written and verbal communication skills in English and in Portuguese
• Enthusiasm for working in a fast-paced startup environment and ability to multitask
• Appetite to work in tech / startups
• Based in Lisbon, Portugal (not a condition for the initial months but relocation will be required)

What we can offer you:

• Remote Policy: Work from home or our office in Lisbon according to Rauva’s remote work policy
• Competitive Salary above the industry average
• Meal Allowance
• Leadership Opportunities (chances to lead projects and teams)
• Enjoy off-site events and getaways to build a strong sense of community
• Access to the latest accounting software and tools
• Opportunities to advance within a rapidly expanding organization that aims to be present throughout Southern Europe in the very near future.

The hiring process for this role:

• MBTI Test
• 1st interview: Into call with People for culture fit
• 2nd interview: Interview with the CRO
• 3rd: interview: Interview with the CEO
• Competencies & Technical Assessment
• Job Offer

Join the Rauva mission to make entrepreneurship easily accessible to everyone.

Be part of Rauva’s mission to make entrepreneurship easily accessible to everyone.

If you’re driven about innovation, excel in a fast-paced startup environment, and want to be involved in impactful solutions, Rauva is the place for you. Join us in shaping the future of banking and enabling SMEs to grow and succeed across Europe.

Be part of a groundbreaking journey where innovation meets impact, and help us create something truly pioneer.