Job Description

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Compliance Manager / Deputy MLRO




Expires on 16 May, 2021

Job Detail


Our client, in the reinsurance sector is seeking to recruit for the position of Compliance Manager and Deputy MLRO. The incumbent will manage the compliance function and administer the compliance framework of the company and ensure its meets and exceed their wide-ranging regulatory obligations across jurisdictions.

Develop and manage an annual regulatory and compliance review programme and plan.
Take a lead role in communications and relations with regulatory bodies.
Assist the MLRO in his day-to-day duties.
Fulfil the scope of duty of the MLRO in his absence.
Identify and report suspicious transactions to the Financial Intelligence Unit (FIU).
Make sure that company staff are up to date with the changes in connection with AML/ CFT.
Update internal compliance manual AML policies.
Ensure that there is ongoing training of employees on AML/CTF and keeping records of the said training and attendees.
Any other related compliance/MLRO related duties.
Developing and promoting a strong compliance culture across the business.
Developing and maintaining the company's Compliance policies.
Take a risk-based monitoring approach of procedures and processes deigned to identify and close any gap.
Prepare reporting for senior management and regulatory bodies as required.
Provide advice and guidance to management and colleagues in relation to any new initiatives as far as regulatory, compliance and due diligence matters are concerned.
Initiate, develop and maintain strong business relationships with key internal and external stakeholders, specifically among our insurer partners.
Oversee the compliance function of the business. Setting clear and challenging objectives for each team and team member.
Stay up to date with current regulatory trends, best practice and changes that will affect the business.
Undertake ad hoc tasks given by the company's CRO.

what you need to know

Relevant degree.
Deputy MLRO already approved by the FSC / or meet the requirements of the FSC.
At least 5 years of work experience in the Global Business sector as per the Competency Standards.
Excellent command of English and French, both written and verbal.
Excellent analytical skills to understand the key points from complicated files.
Independent and ethical work attitude, with the ability to remain impartial and report all non-compliances.
Demonstrates attention to detail.
Broad understanding of financial crime risk in insurance.
Financial sanctions knowledge in particular OFAC /EU regulations and FSC requirements.
Manages priorities effectively and delivers efficiently.
Financial sanctions knowledge in particular OFAC /EU regulations and FSC requirements.
Good conceptual understanding of risk, compliance and controls.
Strong analytical & report writing skills.

Personal Requirements:
Good time-management.
Ability to work under pressure and prioritise work accordingly.
Works collaboratively and establishes trusted relationships.
Shares specialist knowledge.
Communicates clearly (in writing and orally).
Actively considers and supports broad goals across the company.
Proactively identifies and attempts to resolve issues.

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Job information

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Published Date:

17 April