Publication : 18 Jan 2021

Required degree : Undergraduate

Level of experience : Between 2 years and 5 years

Activity area : Administrative




MONEY LAUNDERING REPORTING OFFICER

Company : SC000012




Type of contract : Permanent contract

Duration : indeterminate

AML Anti Money Laundering Compliance Financial Crime

Job Description

MAIN RESPONSIBILITIES:

  • Implementation of the Company’ policies with respect to Anti Money Laundering (‘AML’) and Financial Crime activities, ensuring the Company and the Group at large maintain adequate policies,specifically for ensuring: he prevention of the use of the Company and of the Group at large for any money laundering or terrorist financing activities;

  • Updating the Company’s AML policies and procedures with any amendments and / or updates to any existing legislation, directives and circulars issued by the FSC and Exchange Commission and / or any other applicable authority in Mauritius and overseas; ensuring such changes are properly communicated (through internal memorandums, training sessions etc) to all relevant staff of the Company and of the Group;

  • Undertaking work to validate the adequacy and sufficiency of the AML / Know Your Client (‘KYC’) framework of the Company, including indicatively monthly AML / PEP reviews based on the trading activities of clients and counterparties, annual client file reviews (to ensure indicatively that updating has taken place), reporting of findings to Management on a consistent basis and the undertaking of relevant remedial action within set timeframes;

  • Acting as the Company’s Registered Money Laundering Reporting Officer (‘MLRO’) and communicating with the authorities of the Mauritius both with respect to standardized information submissions as well as with respect to any ad hoc reporting (suspicious activity reports) at the initiative of either the Company or of the authorities of the Mauritius;

  • Implementing an annual training plan with respect to Anti Money Laundering and Terrorist Financing to ensure that the Company and the wider Group maintain a robust system of AML / KYC that addresses best market practice;

  • Prepares the Annual AML Report and submits to BoD and the governing body, which deals with Money Laundering and terrorist financing preventive issues pertaining to the year under review.

Description of the profile sought

QUALIFICATIONS REQUIRED:

ESSENTIAL:

  • Bachelor Degree (minimum Upper Second) in business studies, law, economics or finance.

  • 1-2 years prior experience in Compliance with a major financial, investment banking or similar institution, with preference for this experience in the AML area.

  • Proven knowledge of a broad range of financial instruments and products offered by Investment Banks.

  • Knowledge of the legal and regulatory framework

COMPETENCIES:

  • Excellent interpersonal skills, with the confidence to approach people at all levels of seniority

  • An enquiring analytical mindset

  • Methodical and systematic in work approach

  • Excellent report writing skills

  • Articulate, confident communicator and presenter

  • Assertive and persuasive

  • Self-motivated with good teamwork skills

  • Attention to detail

    The presence of a certificate or license is welcome