We are currently assisting one of our clients in recruiting an experienced MLRO & Compliance Officer
Develop and implement the risk and compliance framework and policies, through effective execution of compliance tasks and identification and reporting of areas of improvement.
Ensure that Group policies and procedures are implemented in line with local laws and regulations; and the local office and client entities are compliant with applicable laws and regulations.
Act as the main point of contact with Regulators, when necessary and be responsible for compliance-related audits; complete the regulatory filings with the Central Bank and other relevant bodies as required.
Monitor client acceptance, conduct on-going review of client files, transaction monitoring and risk review;
Assist the Local Management Team (“LMT”) with the monitoring, interpretation and analysis of existing and prospective legislation or regulations which may impact the business and/or clients; Highlight all identified risks and compliance issues as well as solutions to the LMT and the Group;
As the MLRO, the candidate will need to ensure that all the relevant responsibilities of the MLRO are adhered to, including having robust policies & procedures in place, internal/external reporting as necessary, onboarding of new clients is done in compliance with all relevant laws & regulations, periodic reviews of clients are carried out as necessary, and all the other tasks that would be expected to be performed by the MLRO;
Ensure that the Company's KYC, AML, CFT and Anti-Bribery and Corruption systems and On-boarding controls are adequate;
To run the compliance monitoring program on an ongoing basis and to ensure that the entities of the company are compliant with all the relevant laws and regulations;
Discuss with Senior Management on unusual transactions.
Review and assess compliance breaches, escalate as necessary and work with the local Management Team and Group Compliance to remediate and resolve any identified issues;
Manage and grow excellent relations with existing clients to ensure a good understanding of the clients business and structure to conduct a robust review to alleviate risks and ensure compliance with the changing regulatory landscape;
Locally accountable for the management of compliance projects from the initiation and planning stages through execution and completion.
Support business strategy of the local office, representing the compliance capabilities to clients and business partners;
Build sound relationships and engage the Sales team, in order to fully understand the products, solutions and services being offered and ensure they are compliant with local laws and regulations;
Work with Group Compliance and Learning and Development team to provide compliance related training and informal coaching to SAMs and AMs.
Undertake such other duties, related to the position, as may from time to time be agreed with Management.
Skill-sets and Requirements
Around 5 years’ previous experience of establishing and/or working in a AML & Compliance function.
Experience in a Corporate/Trust services business and liaising with regulators preferred
Solid understanding of local and international tax and regulations including exposure to CRS, FATCA, BEPS, GAAR would be considered to be an asset
Excellent organizational, interpersonal and communication skills.
Excellent client facing skills. Well-developed spoken and written communication skills and the ability to tailor style to relevant audiences, and successfully liaise with people at different levels.
Excellent English language fluency; additional languages preferred.
Strong analytical and problem solving skills, solution driven, highly organized and detail-orientated with good decision making and time management skills. Independent, hands-on and takes accountability to deliver solutions and results.
Ability to adapt and work in a smaller, dynamic local team environment; along with being part of a bigger matrix organization.
Proven leadership and team player skills, with ambition to excel in the role.
Education & Experience
Relevant Bachelor’s or Master’s Degree and other relevant professional qualifications.