ED - Compliance Officer, MLRO

Job Title: ED – Compliance Officer, MLRO
Department/Group: Compliance
Location: Mauritius
Job Description
ROLE AND RESPONSIBILITIES
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Establishing and maintaining the Company's Compliance and Anti-money Laundering ("AML")policies and controls, documented in the Compliance and AML manuals. These will containthe rules and procedures which all employees of the Company must abide by.
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Managing the Compliance/AML functions of the Company as per the regulatory requirementsassigned by the DFSA and Company policies
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Liaising with regulators in respect of applications; submission of periodic reports and returnsand preparing for DFSA risk assessment visits
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Responsible for all compliance issues directly related to financial services at the office. Thisincludes making sure that the Company is at all times authorized to carry out financial servicesin accordance with the provisions of the rules of the DFSA as well as maintain the necessarylicenses and making appropriate ad hoc notifications
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Monitoring the Compliance and AML activities on a day-to-day basis to ensure compliancewith the Company's policies and regulatory requirements including permitted activities,conflicts, management arrangements, communications and marketing, client acceptance,submission of regulatory returns and complaints handling.
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Monitoring the Company's conduct of business to ensure that all breaches of the DFSA rulesare identified quickly and dealt with appropriately
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Investigating and reporting any compliance breaches to the Board, and when required to theregulatory authorities, while ensuring that appropriate measures are taken to correct anydeviations
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Record keeping on all declarations, functions, assessments and correspondence done inrelation to the Company and its operations internally and externally
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Ongoing monitoring and review of KYC and related procedures to ensure consistency withCompany policies which are extrapolated tram AML and other regulations
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Assess and challenge the Compliance, AML, and risk controls periodically to ensure they areoperational and viable
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Obtaining and making appropriate use of any findings, recommendations, guidance,directives, resolutions, sanctions, notices or other conclusions issued by the U.A.C.government, any U.A.E. government department, the Central Bank of the U.A.E. or theAMLSCU, any UAE enforcement agency, the Financial Action Task Force, the DFSA and theUnited Nations Security Council
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Establish and maintain appropriate periodic reporting procedures to keep the managementfully aware of AML and other compliance requirements by reporting to, and through periodicmeetings with, the Board and senior management on the appropriateness and effectives ofthe Firm's compliance and AML systems and controls
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Providing a source of ongoing assurance regarding the satisfactory Compliance environmentin the office
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Assessing and ensuring the adequacy of internal procedures for reporting Suspicious ActivitiesReports ("SAR") in line with the regulatory requirements
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Ensuring adequate Compliance and AML training for all internal staff so that they are awareof their responsibilities including, compliance induction training, briefing management onspecific compliance issues in connection with current business or regulation and anyanticipated changes thereto.
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Adherence to Code of conduct, Regulations and Internal Policies
QUALIFICATIONS AND EDUCATION REQUIREMENTS
Master’s Degree with relevant professional qualifications in AML and Compliance with 8+ years of work experience

Proven experience in Compliance, Risk and Audit in financial institution environment.

PREFERRED SKILLS

•Strong understanding of Compliance standards and Regulations
•Industry Knowledge and ability to assess risk
•Strong analytical and problem-solving skills
•Effective Communication

ADDITIONAL NOTES
Experience of working in Compliance in Private Banking, Wealth is preferred