RESPONSIBILITIES:

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To develop the existing operations of the firm and establish corporate and banking / regulatory relations i.e communication with regulator, market counterparties, banks etc.

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To maintain procedures to prevent money laundering and to support the AML compliance department in ensuring that there is a proper framework, governance, and compliance of the Insurance division in line with the AML/CFT regulatory requirements.

Support Compliance Department for follow up of client and regulatory tasks Monitor Compliance requirements and compliance monitoring program and maintain log of all regulatory correspondences organize and maintain all compliance related records and files.

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Assist Compliance Manager to Conduct Compliance / AML training to relevant employees and assist in Compliance Risk Assessment and clearing alerts in customer screening systems.

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Conduct regular gap analysis between the company’s existing AML/CFT Procedures and current Laws, Regulations, Notices and the Standards of Mauritius to determine the extent of the company’s level of compliance.

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Technical Competence:

• Strong ethics and a high level of personal and professional integrity.

• Knowledge of AML Laws and Regulation / FATF Recommendations of regulatory authorities.

• Strong analytical skill to understand the complexities of procedures and regulation.

• Investigative and decision-making skills.

• Excellent communication skills.

• Ability to work independently and also to liaise with other departments

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Major Responsibilities:

• To promote appropriate checks and controls within the team to ensure files are processed correctly

• Verify account opening forms have been completed adequately and have been verified

• Coordinating with RM/ business in obtaining necessary requirements as per CDD process

• Completion of client risk assessment.

• Tracking and management of the various documents as per record retention policy.

• Perform Client due diligence acceptance, AML and sanctions investigations and analysis

• Maintain appropriate Anti Financial Crime policies, procedures, processes and controls relating to best execution, market abuse, transaction monitoring,

• Assist in Anti Financial Crime related matters/ queries from the Regulator and any other competent authorities

• Provide necessary reports to the Compliance Director on all AML/CFT issues on regular basis

• Develop training presentation and conduct training relating to AML/CTF, FATCA & CRS.

• Identify On-boarding & KYC team resource shortfalls against the capacity plan

• Assist with projects/deliverable to meet deadlines

• Identify opportunities for continuous improvements On-boarding & KYC related systems, processes and practices based on risks and control deficiencies identified

 

Qualifications & Experience 

• Degree in Finance, Compliance, Risk Management or related field

• Minimum 8 years of experience in the financial services industry, or 5 years with a recognised AML/CFT certification (ACAMS, ICA, FSI).

• In-depth knowledge of FIAMLA, FIAML Regulations 2018, FSC AML/CFT Handbook and FATF Recommendations.