Associate Manager – Regulatory Compliance

Job Description

Responsibilities:

The Client Compliance Services is responsible to provide Compliance Officer Services and Money Laundering Reporting Officer (“MLRO”) services to client companies of IQ-EQ MU. The Associate Manager – Regulatory Compliance plays a key role in ensuring that client companies meet their regulatory obligations by supporting the Manager in the delivery of effective compliance and MLRO services.

Tasks

• To contribute to the design and implementation of the AML/CFT framework including policies, procedures and systems for IQ-EQ MU’s client companies;
• To act as Compliance Officer/MLRO/ DMLRO/for IQ-EQ MU’s client companies, with active involvement in the assessment and testing of internal controls to ensure ongoing adherence to regulatory requirements and best practice standards;
• To attend board meetings to present Business Risk Assessment, MLRO and Compliance Officer’s reports for IQ-EQ MU’s client companies on at least an annual basis;
• To coordinate and attend to onsite and offsite inspections conducted by the Financial Services Commission (FSC), ensuring full compliance with applicable Mauritian laws, regulations, and guidelines, and addressing any regulatory queries or findings in a timely and effective manner.
• To receive, analyse and report Suspicious Transaction Reports, as appropriate;
• To conduct Client file review or special investigation as required;
• To assist the Manager to prepare and disseminate AML/CFT training materials for training to staff of client companies, as appropriate;
• To assist in conducting AML/CFT risk assessments of all products, technology and business practice of client companies, as appropriate;
• To analyse and disseminate the latest AML/CFT related regulatory information to clients;
• To provide advice and guidance to Business Implementation Team, Client Services Team and Client Services Directors on specific billable compliance queries;
• Provide validation, oversight and input, where required, on Administrator’s Compliance Reports;
• To assist in providing and reporting Management Information to the Country Risk Committee, Operational Risk Committee and Board, as required;
• To assist the Manager in supervising, assessing the Client Compliance Services Unit (“CCSU”) team’s work and assignments as well as assist in building capabilities and allocate resources within the CCSU team;
• To assist in driving process automation, enhancing compliance systems, and contributing to the continuous improvement of monitoring frameworks;
• To ensure protection of information assets of IQ-EQ MU and to abide by the Information and Security Management System in place at IQ-EQ MU; and
• Any other cognate duties.

Key competencies for position and level

• Customer focus
• Decision Quality
• Direct Work
• Interpersonal savvy
• Action oriented

Key behaviours we expect to see

In addition to demonstrating our Group Values (Authentic, Bold, and Collaborative), the role holder will be expected to demonstrate the following:

• Accuracy
• Attention to detail
• Collaboration
• Organisation
• Proactivity
• Relationship building
• Taking ownership