Wiremit
DUE: 03 JUN 2024
LEGAL AND COMPLIANCE OFFICER
A local, regional and international financial services organisation is hiring a diligent and knowledgeable Legal and Compliance Officer to ensure that our operations and business transactions adhere to all relevant legal and internal rules. As a Compliance Officer, added advantage of the knowledge on AML, CFT, and KYC and regulatory issues is a must. The incumbent you will review employees’ work, provide advice on compliance matters, and play a pivotal role in maintaining our organization’s integrity.
Duties and Responsibilities:
AML and CFT Expertise
Monitoring and Evaluating Compliance: Oversee compliance with AML regulations and laws within the jurisdiction of operation.
Risk Assessment Framework: Develop, document, and maintain a comprehensive risk assessment framework to support AML objectives.
Comprehensive Compliance Policy: Create, revise, and maintain a robust compliance
policy aligned with AML goals.
Customer Due Diligence (CDD): Oversee CDD and risk profiling procedures across all organizational activities.
KYC Proficiency:
Customer Onboarding: Assess and onboard customers, including high-risk clients.
Ongoing Monitoring: Continuously monitor customer accounts to ensure compliance with KYC requirements.
Enhanced Due Diligence (EDD): Implement EDD measures for high-risk clients.
Regulatory Knowledge: Stay abreast of evolving AML, CFT, and KYC regulations.
Interpret and apply regulatory changes to the organization’s compliance framework.
Articulate and ensure regulatory reporting adherence.
Collaboration and Reporting:
Management Body Interaction:Collaborate with the management body to ensure effective AML/CFT strategies.
Reporting: Regularly report to the management body on compliance matters.
Develop and implement compliance model required for a bank to operate within acceptable standards.
Liaise with senior managers to ensure proper implementation of established compliance policies.
Review internal policies to ensure they align with external banking regulations. Conduct research to identify new regulations passed by the government and other governing bodies.
Develop systems for the handling and resolution of policy violation.
Qualifications and Skills
Bachelor’s degree in law or a related field.
Relevant certifications (e.g., Certified Anti-Money Laundering Specialist, Certified Fraud Examiner).
Experience and Attributes:
Proven experience as a Legal and or Compliance Officer, preferably in financial institutions, at least 2 years’ experience.
Deep understanding of AML., CFT, and KYC principles.
Goal oriented person
Meticulous with regulations and attentive to detail
Analytical Skills:
Ability to analyse complex transactions and patterns.
Proactive approach to identifying risks and implementing preventive measures.
Safeguarding the organisation against illicit activities.
In return the role is offered with a competitive remuneration package to be disclosed to the
successful candidate.
TO APPLY
Interested and qualified candidates please apply to “The Group HRM” Wiremit. Email: Hr@wiremit.money on or before the 3rd of June 2024
