Designated Compliance Officer (2416-DCO)
- Plaine Wilhems
- 51,000 - 75,000
- Permanent
- Added 19/04/2024
- Closing 19/05/2024
- Human resources
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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.