Designated Compliance Officer (2416-DCO)

Our client in the offshore sector is seeking to recruit a Compliance Officer who will report to the Manager and Managing Director.

Responsibilities:

• To review and update the Procedure Manual of the company which sets out the responsibility of the Company, its management and staff under the Mauritius AML/CFT framework (statutory and the FSC Code) and the customer due diligence procedures to be applied.
• To maintain compliance with the Procedure Manual.
• To prepare/vet/ensure client/company's agreements/documents are in compliance with Mauritius laws; To review all company client files from a compliance viewpoint to ensure that non-compliant issues are rectified and procedures put in place to ensure non recurrence.
• An integral part of your job description will be to support and liaise with our outsourced compliance team on an on-going basis. You will be the company's compliance contact person where all compliance matters will be channeled to you by the company staff for your on forwarding and handling to/with our compliance team. The latter will in turn channel their compliance comments, requests, documents and requirements to the company staff through you.
• You will download compliance surveys (FSC, BOM, other) for completion by the company staff and uploading same on a timely basis.
• You will be required to also discharge FATCA/CRS responsibilities in-house and carrying preliminary vetting of documents/agreements in terms mainly of Mauritius company laws applicable to global business entities. FATCA/CRS training will be provided to you where appropriate and available.
• To review banking transactions, source of funds and accounts to check for any suspicious transaction of money laundering.
• To liaise with FSC, ROC and MRA on regulatory and compliance issues.
• You will also act as Designated Compliance officer ('DCO') of a portfolio of Global Business special licenses clients including CIS Managers, Funds, Insurance broker or any other special licenses which require our client to appoint a Designated Compliance Officer. At present, the portfolio may consist of approx. 5 special licenses clients. Our outsourced Compliance Team will provide support to the DCO to enable this function to be discharged effectively, efficiently and in a timely manner.
• To carry regular training for the whole staff and provide all relevant law and compliance updates related to global business matters.
• You shall report to the Directors/Office Manager and where appropriate your team leaders.
• You shall be required to submit work time sheets promptly in line with the Company's practices.

Profile:

• Educational qualifications should be in line with FSC's minimum Competency Standards applicable to Compliance Officers i.e an international compliance qualification like ACAMS etc.
• Strong knowledge of the AML/CFT Framework generally and best practices.
• Minimum 5 years of experience working in the financial services industry.
• Experience with anti-money laundering (AML) compliance programs.
• Excellent analytical skills and attention to detail with the ability to work under pressure and manage projects.
• Strong communication skills both written and verbal.
• Ability to present complex information with clear explanations to diverse stakeholders and audiences.
• Training on AML/CFT Framework of Mauritius will be provided.