Compliance Officer / MLRO

• Develop and implement the 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.
• Develop and implement compliance policies, procedures, and controls to ensure adherence to regulatory and legal requirements, especially in cross-border payments and B2B transactions.
• Conduct regular reviews and audits to assess the effectiveness of compliance measures and make recommendations for improvement.
• 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.
• Discuss with Senior Account Managers (“SAM”) and Account Managers (“AM”) and Money Laundering Reporting Officer (“MLRO”) on unusual transactions.
• Ensure KYC, Anti-money laundering, Countering Terrorist Financing (AML/CFT) and Anti-Bribery and Corruption systems and On-boarding controls are adequate.
• Review and assess compliance breaches, escalate as necessary and work with the local Management Team (LMT) and Group Compliance to remediate and resolve any identified issues; Conduct due diligence on business partners, customers, and other stakeholders, especially in medium to high-risk jurisdictions.
• Responsible for the portfolio of client companies in conjunction with SAMs and AMs: 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.
• Serve as the primary point of contact for regulatory bodies, ensuring timely and accurate responses to inquiries and maintaining a strong working relationship with relevant authorities.
• 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 raise staff awareness of compliance and risk management principles.
• Prepare and submit regular reports to senior management on compliance and risk management activities, highlighting areas of concern and proposed solutions.
• Accurately record chargeable time and value of service, ensure effective monitoring of transactions, handle pricing, invoicing and collection of outstanding fees for the portfolio of clients.
• Monitor own productivity and chargeability on weekly basis and review productivity and performance against targets to ensure that individual financial targets and client communication KPIs are met.
• Follow a disciplined approach to submitting timesheets for client work and meet the weekly and monthly time/ chargeability targets
• Undertake the role of director, trustee, nominee, manager, partner, secretary, authorized signatory or any related position in internal entities or client entities, where necessary and required by the Management.
• Undertake such other duties, related to the position, as may from time to time be agreed with Management.

• Relevant Bachelor’s or Master’s Degree and other relevant professional qualifications.
• Over 10 years’ previous experience of establishing and/or working in a compliance function.
• Experience in a financial services business and liaising with regulators preferred.
• Solid understanding of local and international tax and regulations including exposure to CRS, FATCA, BEPS, GAAP.
• Good knowledge of trust business services and exposure to fund business would be an advantage.
• Experience in the TSP and CSP space would be an advantage.
• Strong commercial mindset, takes initiative, positive and proactive, dedicated, focused and revenue and target driven.
• 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.

GRS Recruitment