Financial Crime World

Financial Institution Compliance Officer Job Description in Serbia and Montenegro

A leading financial institution in Serbia and Montenegro is seeking an experienced Compliance Officer/Money Laundering Reporting Officer to join its team. The successful candidate will be responsible for managing the regulatory risk of the institution, operating as an Authorized CO/MLRO under relevant Regulatory Compliance Regimes.

Job Requirements

  • Minimum 4-5 years’ experience in compliance
  • At least 2-3 years of experience in a regulated Financial or Non-Financial firm as a CO/MLRO

Key Responsibilities

Compliance and AML Policies and Procedures

  • Establishing, reviewing, implementing, and maintaining effective Compliance and Anti-Money Laundering (AML) policies, procedures, systems, and controls in compliance with applicable regulations and the organization’s KYC/AML standards
  • Preparing and implementing the institution’s Compliance Monitoring & Screening Program as well as Compliance & Training Plan, and reviewing/updating them on a periodic basis

Money Laundering Reporting Officer (MLRO) Responsibilities

  • Acting as a focal point for employees/stakeholders to escalate suspicions of terrorist financing or money laundering activities
  • Managing AML/CFT risks
  • Identifying, assessing, and implementing all relevant new legal and regulatory developments within the compliance framework

Collaboration and Liaison

  • Collaborating and liaising with internal departments, regulators, authorities, and external service providers to resolve compliance issues

Additional Responsibilities

  • Establishing and maintaining an appropriate compliance and AML training program and adequate awareness arrangements for employees
  • Performing daily review, monitoring, and analysis of transaction alerts using internal data to identify trends and unusual activity, determining if transactions are suspicious in nature
  • Discussing and documenting unusual transactions with program heads and stakeholders, reporting accordingly

Requirements

Essential Qualifications

  • Previous Compliance and MLRO duties are essential (ideally 4-5 years’ experience)
  • Compliance-related accreditations or qualifications (e.g., CAMS, ICA, CFE, etc.)
  • Thorough understanding of the local and international regulatory environment
  • Fluent spoken and written English is a must

Education

  • Bachelor’s Degree in Business Administration, Economics, Law, or similar

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