Our client is looking for a Compliance Officer & Money Laundering Report Officer.

As Compliance Officer, the successful candidate shall be responsible for the design, implementation and ongoing monitoring of internal programmes, controls and procedures to ensure compliance with the requirements of applicable legislations. The role encompasses the management of regulatory risk and provision of strategic legal support regarding the interpretation and application of relevant legislations.

As MLRO, the successful candidate shall be responsible for assessing internal disclosures and, where appropriate, making external disclosures to the Financial Intelligence Unit in accordance with prescribed requirements.

The Compliance Officer and MLRO will report to the Board and is required to ensure that compliance objectives are met and remain aligned with the strategic objectives of the company.

Job Accountabilities

• Act as the appointed Compliance Officer and MLRO of the company
• Design, implement and maintain internal compliance manuals, policies, procedures and systems to ensure adherence to all relevant legal and regulatory requirements
• Implement and maintain compliance plan and ensure its ongoing effectiveness
• Conduct regular internal compliance audits to identify and manage risk including liaising with the external auditors and implement corrective measures as needed
• Monitor regulatory changes and provide proactive advice on compliance matters and their impact on the company’s operations
• Manage and oversee all regulatory projects and ensure successful implementation thereof
• Ensure that the Board remains informed of regulatory and legislative changes and their potential impact on the company
• Provide proactive and strategic advice and practical support on compliance or regulatory matters
• Maintain accurate records of compliance activities
• Work closely with the Board to ensure compliance with relevant codes of conduct and other legislation, regulations, policies and procedures and make regular reporting, including reporting of non-compliance, to the Board
• Prepare and submit timely compliance reports and fillings to the Board and regulatory authorities
• Maintain accurate records of compliance activities and communications with the regulatory bodies
• Ensure continued compliance with the requirements of applicable laws and Regulations

• Identify and investigate all non-compliance and ensure escalation to the Board and the appropriate authorities
• Develop and deliver relevant training to the personnel to support the embedding of a compliance awareness culture
• Coordinate the preparation for off-site and on-site regulatory visits
• Act as primary contact with the regulatory authorities and external auditors and represent the company during regulatory inspections
• Manage compliance-related incidents and investigations and conduct root cause analyses and implement corrective actions
• Contribute to the company’s strategic objectives by providing compliance insights and ensuring compliance considerations are integrated into the business decisions.
• Monitor, detect and report suspicious activities to the relevant authorities
• Assess internal disclosures and, where appropriate, submit external disclosures to the Financial Intelligence Unit in accordance with prescribed requirements

Experience and qualifications specific to the role

• A relevant degree in Law, Business, Finance or a related discipline and/or a professional compliance certification such as Certified Compliance Officer (CCO), Certified Anti-Money Laundering Specialist (CAMS) or International Compliance Association (ICA) qualification
• A minimum of five years’ AML compliance related experience within a professional services environment
• A minimum of five years’ experience in the management, implementation and maintenance of compliance frameworks
• Demonstrated experience liaising with regulatory authorities
• Established relationships with regulators in the legal or professional services sector

Skills and Competencies

• Proficiency in Microsoft Office applications
• Powerful Leadership skills
• Strong interpersonal skills and the ability to engage with the Board and the senior management
• Excellent communication skills, both verbal and written
• Ability to juggle priorities and understand the urgency of all tasks, and completing such tasks without sacrificing quality or compromising on standards
• High stress tolerance and ability to work under pressure
• Ability to be assertive and tactful
• Innovative thinker with strong problem-solving ability
• Ability to take initiative and operate independently
• Flexible and adaptable to an ever-changing environment
• An eye for detail and desire to improve standards and deliver excellence
• Willingness and ability to work overtime whenever necessary to ensure the successful completion of a project / task when needs arise
• Ability to stay abreast of changes to legislative and regulatory developments
• Experience in creating and implementing compliance strategy
• Strong analytical skills and ability to manage complex compliance issues