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

Job Description

 

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.

 

 

 

 

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