Responsibilities
- Develop and maintain a risk-focused strategy for managing money laundering and terrorist financing risks, including routine assessments during customer onboarding
- Ensure adherence to all applicable local and international laws, regulations, and compliance standards
- Evaluate current internal controls related to AML/CFT policies, risk management frameworks, and procedural guidelines
- Notify the Compliance Officer of significant business risks or breaches of internal policies, legal requirements, or industry standards
- Follow established protocols for reporting suspicious activities
- Serve as the point of contact with regulatory bodies when the Compliance Officer is unavailable
- Prepare and maintain documentation related to regulatory compliance
- Coordinate the development, update, and review of compliance policies, procedures, training resources, and internal communications
- Collaborate closely with the Compliance Officer, senior management, and team members
- Submit regulatory filings and required documents in the absence of the Compliance Officer
- Participate in self-audits and ongoing compliance monitoring initiatives
- Ensure the organization meets all statutory AML/CFT obligations and maintains strong safeguards against financial crime
- Lead and support onboarding reviews and continuous compliance monitoring activities
- Suggest corrective actions or enhancements based on findings from compliance evaluations
- Mentor and guide new compliance team members, assess performance, and provide feedback to leadership
- Foster a collaborative and engaged team environment
- Perform administrative and support tasks essential to the Compliance and Risk functions
- Assume responsibility for the Compliance department during the Compliance Officer's absence and escalate matters to executive leadership when necessary
- Conduct transaction monitoring and supervise monitoring performed by administrators to ensure alignment with company procedures and legal requirements
- Complete timesheets accurately and in accordance with company policy
- Perform additional duties as assigned, including project management and special assignments
- Carry out any other related responsibilities delegated by the reporting Compliance Officer
Other
- Must be capable of engaging with regulatory authorities when the Compliance Officer is not available
- Must be prepared to supervise the Compliance team in the absence of the Compliance Officer
- Must escalate critical issues to the Chief Executive Officer when necessary
