Deputy MLRO

About The Company

About Lorum

Global payments are not broken. Incentives are. Clearing has been deprioritised inside balance sheet driven institutions whose models rely on lending and interest. When liquidity takes priority over settlement, payments slow and certainty drops. The same financial institutions that distort clearing as providers are disadvantaged as users. They are forced into fragmented setups, inconsistent rails, duplicated compliance, and unpredictable timelines. Stablecoin shortcuts and treasury pooling treat symptoms at the surface, but almost no one is rebuilding the underlying infrastructure in each market.

Rebuilding clearing from the ground up

We are rebuilding clearing as its own specialist function. We act as a clearing and transaction banking partner for regulated institutions, with treasury built into the core so liquidity, settlement, and reconciliation sit in one controlled system.

Our platform unifies global and local licenses, direct central bank clearing, and domestic rails. We allow clients to open named customer accounts in every market we operate, collecting funds and paying out through a single network while retaining full ownership of their customer relationships. Market expansion becomes as simple as one correspondent relationship, not hundreds.

Why Lorum

Joining Lorum means contributing to one of the most ambitious clearing infrastructure projects in global finance. You will help shape settlement systems that perform under real regulatory standards and institutional volumes. You will build for regulated institutions that rely on precision, predictable timelines, and regulatory integrity. It is about working across currencies, markets, and supervisory frameworks to deliver reliable, final settlement.

About The Role

Role purpose

The Deputy Money Laundering Reporting Officer (Deputy MLRO) supports the Singapore MLRO in maintaining and operating the firm's AML/CFT framework in accordance with the Payment Services Act (PSA), MAS Notice PSN01/PSN02, the Corruption, Drug Trafficking and Other Serious Crimes Act (CDSA), and the Terrorism (Suppression of Financing) Act (TSOFA).

The role combines financial crime investigations, transaction monitoring oversight, suspicious transaction reporting, and AML/CFT governance support. The Deputy MLRO assists in ensuring that the firm maintains effective controls to detect and prevent money laundering, terrorist financing, and sanctions breaches.

The Deputy MLRO acts as the designated alternate to the MLRO, ensuring continuity of AML/CFT oversight when required.

Key Responsibilities

• Transaction Monitoring
• Review daily transaction alerts, investigate anomalies, and escalate where necessary
• Clear or hold transactions based on internal controls and regulatory guidance
• Document rationales and maintain accurate audit trails
• Oversee calibration and effectiveness of TM rules and thresholds; recommend improvements to reduce false positives
• Own and maintain the TM rules inventory (scenarios, thresholds, parameters) — version-controlled
• Participate in periodic validation and tuning of TM rules; review and approve changes before production deployment
• Produce TM effectiveness reporting for the MLRO and senior management (alert volumes, escalation rates,STR conversion, false positive analysis)
• Align TM scenarios to the firm's EWRA and update to reflect emerging typologies, MAS guidance, and ACIP publications
• Suspicious Transaction Reporting (STR)
• Conduct suspicious activity investigations and prepare STR recommendations for MLRO review and approval.
• Submit STR filings to the Suspicious Transaction Reporting Office (STRO) where delegated by the MLRO.
• Maintain the STR register, ensuring records are complete, accurate, and filed within required regulatory timelines.
• Ensure strict compliance with tipping-off prohibitions under CDSA and restrict knowledge of STR filings on a need-to-know basis.
• Support post-filing actions including enhanced monitoring, customer risk re-assessment, and control improvements.
• Produce STR statistics and trend analysis for management reporting and the MLRO annual report.
• Banking & Regulatory Queries
• Support responses to correspondent bank AML inquiries and regulatory information requests
• Assist the MLRO in preparing responses to MAS supervisory requests, thematic reviews, and inspections
• Ensure documentation and regulatory responses are accurate, complete, and delivered within agreed timelines
• Onboarding (KYB) & CDD
• Review corporate onboarding documentation and ensure compliance with the firm's CDD and KYB requirements.
• Conduct risk assessments and prepare recommendations for escalation, including EDD cases and high-risk customers.
• Support periodic reviews and risk re-classification of existing customers.
• Oversee screening alerts relating to sanctions, PEPs, and adverse media, ensuring escalation where required.
• Ensure CDD and EDD documentation is complete and retained in accordance with MAS record-keeping requirements.
• AML/CFT Governance & Risk Management
• Support the MLRO in maintaining the firm's AML/CFT framework, policies, and procedures in line with MAS regulations and international standards.
• Contribute to the Enterprise-Wide Risk Assessment (EWRA) and assist in identifying emerging financial crime risks.
• Support preparation of the MLRO annual report, regulatory submissions, and AML/CFT reporting to senior management and governance committees.
• Assist in the preparation of AML/CFT metrics and reporting for board or risk committee review.
• Monitor AML control effectiveness and escalate material issues or control weaknesses to the MLRO.
• Policy & Regulatory Developments
• Support periodic review and update of AML/CFT policies to maintain alignment with MAS Notices, Guidelines, and regulatory developments.
• Conduct horizon scanning for relevant financial crime regulatory developments, including MAS circulars, FATF publications, and emerging typologies.
• Provide practical compliance advice to business units on AML/CFT risk management and regulatory expectations.
• Training & Culture
• Support the design and delivery of AML/CFT training programmes for employees.
• Maintain AML training records and ensure staff complete mandatory training within required timeframes.
• Promote a strong culture of compliance and financial crime awareness across the organisation.
• Business Continuity
• Act as the designated alternate to the Singapore MLRO when required.
• Maintain awareness of open investigations, pending STR filings, and key AML/CFT matters to ensure continuity of oversight.
  
  

Ideal candidate

• Must-Haves
• 5+ years of experience in AML/CFT, financial crime compliance, or regulatory compliance within a MAS-regulated financial institution, payment institution, or fintech.
• Financial crime experience covering AML/CTF, sanctions, KYB, CDD/EDD, transaction monitoring, risk assessments, and STR filing
• Strong working knowledge of MAS regulatory framework: PSA, PSN01/PSN02, CDSA, and TSOFA
• Knowledge of global AML frameworks, FATF recommendations, and risk management best practices
• Demonstrated experience in STR filing and managing the suspicious activity reporting process
• Ability to produce well-justified written risk decisions and present recommendations to senior management
• Experience supporting or leading regulatory examinations, audits, or MAS inspections
• Experience with TM rule calibration, threshold-setting, and producing TM effectiveness reporting
• Demonstrated ability to produce board/committee-level compliance reporting and contribute to MLRO annual reports
• Experience in Periodic Reviews and data analysis to support compliance conclusions
• Nice-to-Haves
• Professional certification: CAMS, ICA, or equivalent AML qualification
• Previous experience as a Deputy MLRO or in a similar senior compliance role
• Experience with enterprise-wide risk assessments (EWRA) and MLRO annual reporting
• Familiarity with FATF guidance, ACIP publications, and Singapore National Risk Assessment (NRA)
• Hands-on experience with DotFile, ComplyAdvantage, Chainalysis, or similar compliance/TM platforms
• Familiarity with multi-jurisdictional regulatory requirements
• Prior exposure to corporate onboarding (KYB) in payments or fintech
  
  

Benefits

• Opportunity to travel (if applicable)
• Flexible vacation policy
• Private Healthcare
• Employee stock ownership (ESOP)
• Flexible working and autonomy
• Pay it forward days - we offer 2 annual pay it forward days where you can take time to volunteer for a charitable cause that is important to you.
• Wellness days - we believe you can only work your best when you feel your best, and we know working at Lorum is intense, so we offer 3 wellness days every quarter where you can take time to re-energise.
  
  

By submitting this application, I agree that my personal data will be collected, processed, and retained by the company solely for the purposes of managing and assessing my candidacy.