Deputy Money Laundering Reporting Officer (DMLRO) – Mauritius

About the role

The Deputy Money Laundering Reporting Officer (DMLRO) will support the Compliance Officer and MLRO in maintaining a robust AML/CFT framework for a Payment Intermediary Services licence holder in Mauritius. This senior compliance position focuses on risk‑based oversight of payment operations and regulatory reporting.

Key responsibilities

• Implement, maintain and enhance the company’s AML/CFT framework in line with Mauritian legislation and regulatory expectations.
• Oversee AML/CFT controls for onboarding, risk profiling, transaction monitoring and ongoing relationship management.
• Receive and assess internal suspicious activity disclosures, prepare STRs and submit them through the MLRO when required.
• Maintain comprehensive AML/CFT records, including CDD/EDD documentation and regulatory correspondence.
• Conduct annual business risk assessments covering payment flows, cross‑border transactions and third‑party providers.
• Perform compliance monitoring reviews, support independent audits and track remediation of findings.
• Monitor regulatory developments, update policies and liaise with the FSC, FIU and other authorities during inspections.
• Prepare periodic risk and control effectiveness reports for senior management and the board.
• Provide AML/CFT training and guidance to operational teams.
• Ensure the integrity of transaction monitoring and compliance systems used in payment processing.

Required profile

• Degree in Law, Finance, Risk Management, Compliance or a related field.
• Minimum 5 years of AML/CFT or regulatory compliance experience in a regulated financial services entity, preferably within payments or fintech.
• Strong knowledge of Mauritian AML/CFT legislation, FSC regulatory framework and suspicious transaction reporting obligations.
• Professional AML/CFT certification (e.g., ACAMS or ICA) is an advantage.
• High level of integrity, independence, sound judgement and investigative capability.
• Excellent written and verbal communication skills in English.

Required skills

• AML/CFT compliance
• Transaction monitoring systems
• Risk assessment and risk‑based approach