|Job title:||Senior Compliance|
|Employment type:||Full Time|
|Experience:||4 to 5 years|
|Salary:||R60000 to R100000|
|Job published:||10 March 2021|
|Job reference no:||1104610445|
To implement and oversee the Company’s Compliance with its legislative requirements and to act as the Company’s Compliance Officer, Money Laundering Reporting Officer (MLRO).
The ideal candidate must be a Qualified ACCA
• At least 5 years relevant work experience compulsory.
• At least 3 years offshore management experience.
• A working knowledge of all relevant legislation.
• Extensive knowledge of local AML/CFT legislation.
• Experience working with local Regulators (FSC, ROC, MRA)
• Knowledge of Company Secretarial duties and responsibilities.
• Knowledge and experience in the MLRO function of a Global Business Company
o Ensure that internal policies and procedures comply with all relevant legislation.
o Provide guided assistance to the Company on processes, procedures and control matters.
o Provide guided assistance to the Company when on-boarding Clients and new products.
o Ensure that new Client on-boarding is Compliant with all Anti-Money Laundering and Combating of Financial Terrorism (AML/CFT) legislation.
o Carry out risk assessments for all new Clients.
o Ensure that Company and Client documentation is compliant with all relevant legislation.
o Carry out ongoing compliance monitoring and Client risk assessments.
o Investigate, resolve, or assist in the resolution of all non-compliance issues that may arise.
o Highlight and report any non-compliance
Follow-up on all non-compliance areas and take appropriate actions.
o Report back to the relevant Board and Management Committees and other Forums on compliance matters.
o Conduct compliance training to relevant stakeholders.
o Collaborate with Management and the relevant Committees to develop action plans that aim at increasing compliance adherence.
o Prepare and submit compliance reporting to Regulators where necessary.
o Assist the Company in drafting Client and Service Provider agreements.
o Ensure effective management and retention of Company records and agreements.
o Performing risk assessments on Client instructions and requests.
o Review and approve payment instructions.
o Authorise payments as and when required.
o Review and approve the issuance of Policy documentation to new Clients.
o Engage with Service Providers and Regulators as and when required.
o Engage with Clients on compliance matters as and when required.
o Ensure that the Company adopts internal AML/CFT policies and procedures.