Compliance Executive

Job Purpose:

The Compliance Executive will need to perform duties, as directed by the Compliance Manager, which will assist Blue Azurite to adhere to its responsibilities as Reporting Person in Mauritius as defined by the Financial Intelligence and Anti-Money Laundering Act 2002 and any other related laws, regulations and guidance as applicable.

 

Responsibilities:

The Compliance Executive will be positioned within the Compliance department to ensure his/her independence. He/She will perform independent compliance monitoring reviews and interact with management on compliance, risk and regulatory issues, including to provide regulatory guidance, training and advice to the team and will be also responsible to:

• Carry out duties as per local regulatory requirements, including conducting oversight of compliance monitoring program and preparing periodic report to Board of client entities;
• File reviews (including CDD review) – Complex structures and assist in selection of files for reviews based on risk assessment;
• Conduct and assist in onboarding and ongoing screening and transaction monitoring;
• Assist in design and drafting of AML policies and procedures for both Blue Azurite and client entities;
• Assist in AML training for both Blue Azurite staff and clients;
• Monitor developments in local regulatory landscape and suggest implementation plans;
• Manage the compliance component in the client on-boarding process to ensure adherence to the risk appetite and that all required checks and procedures are complied with before client acceptance; including assessing information and documents for corroborative or verification purposes;
• Maintaining and updating the Compliance Department’s database;
• Work with immediate/subsequent reporting line(s) to ensure all internal /statutory /investor deadlines are met, as applicable;
• Oversees the mentoring and training of new staff(s) ensuring that they receive a balanced assignment of entities, adequate technical support, supervision, and provides timely performance feedback;
• Ensures the timely billing of clients, completion of internal audits, monitors accounts receivables, time sheet input and the maintenance of current entities information;
• Ensures workload is evenly balanced and distributed between junior compliance executives/trainees and plans and co-ordinates the coverage of portfolios of entities during absences for vacation/sickness;
• Communicates regularly with team members to ensure they are informed of all changes to relevant work practices, laws, regulations, processes, policies and procedures in support of the delivery of corporate administrative services;
• Ensure that all businesses are conducted in accordance with internal policies and procedures and the rules, guidelines and expectations of the local regulator;
• Attending audits and inspections from authorities;
• Coordinating periodic reviews undertaken by business areas, such as transaction monitoring, client and risk reviews;
• Any adhoc duties / projects prescribed and assigned by the management be required which are appropriate for the role and business needs.

Please note that the above is not an exhaustive list of duties. Fulfilment of additional duties as and when required is expected from the Compliance Executive.

 

Required Qualifications:

• Holds a degree and/or professional qualification in finance and/or legal;
• Good knowledge of applicable laws and regulations for the Global Business with at least 2 years of relevant experience;
• Expert knowledge of AML/CFT issues with appropriate references;
• Experience in designing Compliance Monitoring Plans and conducting assurance testing of AML/CFT controls will be an advantage

 

Required Competencies:

• The individual is well organised and a track record of working to tight deadlines;
• The individual needs to be highly organised and has very high attention to detail in a digitised environment;
• Able to multi-task, prioritise and manage time effectively;
• Ability to work under pressure and strict timelines when required;
• Competent at the advanced level of MS Office Word and Excel;
• Excellent communication and writing skills;
• Customer focus;
• Action orientated