Risk and Compliance/DMRLO

RISK AND COMPLIANCE OFFICER/ DMLRO 

About the Role

We are seeking a Senior Associate – Risk & Compliance / DMLRO to join our Risk & Compliance function. This is a key role within the second line of defence, providing hands-on support across financial crime compliance, regulatory advisory, monitoring, and operational risk. The successful candidate will work closely with the business, acting as a trusted advisor while ensuring the firm meets its regulatory obligations and maintains a strong risk and control environment.

Key Responsibilities:

Financial Crime Monitoring

• Undertake risk-based reviews of client files to ensure compliance with AML/CFT, sanctions, FSC requirements and internal policies.
• Perform post-transaction monitoring, including sanctions screening.
• Conduct enhanced monitoring of PEPs, high-risk clients and high-risk jurisdictions.
• Support thematic and ad-hoc monitoring, including investigations linked to suspicious activity.
• Identify trends, control weaknesses, breaches or non-compliance and support remediation actions.

Advisory & Regulatory Support

• Provide practical, solution-driven advice to the business on:
  o Client onboarding and ongoing due diligence
  o Payments and transaction-related queries
  o New business proposals and changes in customer risk profiles
• Support implementation of regulatory changes impacting the business.
• Act as a point of contact for regulatory and compliance queries.

Reporting & Governance

• Maintain clear, auditable records of monitoring activity, investigations and working papers.
• Support preparation of qualitative and quantitative management information, compliance reports and drafting of minutes.
• Track and follow up on actions raised with first line teams.

Data Protection

• Support data protection compliance activities including:
  o Review of data maps
  o Control assurance testing
  o Privacy impact assessments
• Monitor data processing activities and assist with managing data incidents and breaches.
• Deliver or support data protection training as part of staff induction.
• DMLRO Support
• Investigate unusual or suspicious transactions.
• Assist with preparation and submission of Suspicious Transaction Reports (STRs) to the FIU.
• Ensure appropriate escalation of high-risk matters to the MLRO and senior management.

Operational Risk

• Identify and report operational risks across processes, systems and business units.
• Record and investigate incidents, loss events and control weaknesses.
• Monitor remediation actions to ensure timely closure.

Skills, Experience & Qualifications

• Minimum 4–6 years’ experience in Risk, Compliance, Financial Crime or a related control function.
• Strong working knowledge of Financial Crime monitoring, AML/ CFT, fraud and regulatory requirements.
• Experience within financial services, fiduciary, investment management or wealth management preferred.
• Understanding of the Mauritian regulatory environment (FSC, FIU) is an advantage.
• Strong analytical skills with excellent attention to detail.
• Ability to engage confidently with stakeholders at all levels.
• Proactive, well-organised and able to manage multiple priorities under pressure.
• High level of professionalism, integrity and sound judgement.