Assistant Compliance Officer / Deputy MLRO

The Assistant Compliance Officer is responsible for compliance work and/or process and all associated activities as assigned to him/her, In the absence of the MLRO, the Deputy MLRO provides oversight for the Company’s AML systems and acts as the principal point for related enquiries.

To complete the below duties by assisting the Compliance Officer / MLRO :
• Monitoring the day-to-day operation of the AML/CFT policy and
procedures.
• Investigation of possible breaches/ transactions to assess if a
Suspicious Transaction Report (STR) is needed.
• Handling of internal STRs and requests from regulatory authorities
• Implement policies and procedures, record keeping, filing internal and
external STR’s.
• Performing due diligence on clients/customers and scrutiny of
transactions
• To ensure that money laundering and any financial crimes are
detected and reported in compliance with the law.
• Support & coordinate managements’ focus on the money laundering
risk in the business area.
• Manage the developing and maintaining of an effective anti-money
laundering and counter-terrorist financing compliance culture.
• Ensure all internal suspicious activity reports received are investigated
without delay particularly in the absence of the MLRO.
• Ensure that all staff are aware of their personal obligations and the
Company’s policies and procedures and that the basis for the
Company’s risk-based approach is understood and applied.
• Make recommendations for action to remedy any deficiencies in
policies, procedures, systems or controls and follow up on those
recommendations.
• Remain aware of any relevant sanctions, prohibition or advisory notice
and advise management and relevant staff of the names of any
individuals and institutions on the sanctions list.
• Promptly respond to any reasonable request for information from the
regulator and/or law enforcement agencies in the absence of the MLRO
• To assist in the FATCA and CRS compliance requirements.
Training
• Implementing the compliance training program, including appropriate
introductory training for new employees and ongoing training for all
employees.
• Ensure CPD requirements are met and that compliance staff enroll for
AML/CFT courses, presentations or workshops.
Internal Controls
• Undertake file reviews, screenings and prepare reports.
• Review checklist for transactions and manage ongoing transaction
monitoring.
• Monitor transactions to identify potential areas of compliance
vulnerabilities and risks.
• Review Business Risk Assessment & Client Risk Assessment ratings,
and review Compliance Files for board/committee to assess and
approve/reject.
• Compile and prepare all necessary information, annually or on such a
regular basis as may be required, for submission to the board of
directors.