Job Description

overview

Our client is the financial sector is seeking to recruit a Manager Compliance and Money Laundering Report Officer (MLRO) who will manage compliance risk with regard to the Group's strategy and objectives, ensure that Business units meet their statutory, regulatory and compliance obligations. Manage day to day activities of the Compliance Department and work closely with Business Units and assist in developing and implementing policies, procedures and controls. The Manager - Compliance and MLRO will also act as the Data Protection Officer of the Group.

Responsibilities:

Foster a compliance culture across the Group.
Review and enhance the effectiveness of the compliance framework.
Ensure that the Group complies with all relevant and applicable statutory and regulatory obligations and provisions, codes and guidelines and tender advice to Business Units on matters connected therewith.
Develop and implement annual compliance plans, and other compliance initiatives such as drafting and review of policies, procedures and compliance manuals.
E nsure that policies and procedures comply with all applicable statutory and regulatory requirements and monitor their implementation.
Advise on compliance with the National Code of Corporate Governance and prepare the annual Corporate Governance Report.
Ensure that customer file reviews are conducted regularly.
Issue compliance reports and monitor implementation of recommendations.
Responsible for communicating and liaising with regulatory and other relevant bodies on behalf of the Group.
Ensure that reporting obligations to regulators are made in a timely manner.
Provide regular training to directors, employees and sales force on compliance matters, including AML/CFT and facilitate the compliance process with new legal requirements.
Oversee the development of systems and processes as part of compliance enabling procedures and controls.
Report suspicious activity and perform other duties attributable to the MLRO.
Undertake reviews of all internal suspicious transaction reports and if need be, report to the Financial Intelligence Unit.
Report to the Board of Directors or a committee of the Board on any material breaches of the internal AML/CFT policy and procedures and of the AML/CFT laws, codes and standards of good practice.
Prepare annual and periodic reports deemed necessary to the Board or a committee of the Board.
Monitor updates in legislation and inform Management, Business Units and the Board accordingly.
Take robust measures against potential risk of being used for money laundering and terrorist financing.
Perform duties attributable to a data protection officer including monitoring compliance with data protection legislation and deliver training thereon.
Provide advice in relation to data protection.
Ensure that the Group complies with all data protection laws.
Perform any other cognate duties as may be assigned by the Head of Department and/or Senior Management.