JOB SUMMARY

Responsible for the implementation of the regulatory compliance program, promoting a compliance culture and AML/CFT reporting requirements. Support enterprise-wide transformation and compliance modernization initiatives, including onboarding, transaction monitoring, and integration of emerging risk factors. 

Key Responsibilities: 

• Continuous monitoring and analysis of all Massy Finance GFC transactions (Credit, Deposit, Forex and Investment) to ensure compliance with all regulatory guidelines
• Monitor compliance with the policy by performing regular and comprehensive compliance testing
• Assist Head, Compliance with individuals reporting known or suspected cases of non-compliance, wrongdoing, or suspicious activity
• Assist in reviewing all reports of suspicious transactions or suspicious activities made by members of staff and submit to the Head, Compliance
• Assist in providing ongoing and remedial feedback /recommendation to all staff for any breaches of non-compliance activities related to Massy Finance GFC
• Assist Head, Compliance with continuous monitoring of customer portfolio and ensure that Suspicious Activity /Suspicious Transactions are reported to Regulators/FIU within the statutory period
• Prepare and review suspicious activity reports for review of Head – Compliance, when required
• Prepare and review all suspicious activity reports prior to submitting them to the authorities when acting as Alternate Compliance Officer
• Ensure all reports to regulatory bodies are submitted on a timely basis
• Assist with thorough monitoring of the policies, procedures and controls implemented under the compliance program
• Ensure all customers are appropriately Risk Rated and conduct EDD as required on High-Risk Customers
• Maintain the required logs and register of enquiries as contained in the Compliance Programme
• Assist Head, Compliance with reviewing and coordinating the compliance program in keeping with statutory and regulatory requirements with a view to minimizing compliance and regulatory risk and benchmarked  against industry best practice
• Assist in drafting, reviewing, and updating compliance-related policies, procedures, and manuals to ensure they remain aligned with current regulatory requirements and industry’s best practices.
• Create and assist with the implementation of a program of activities to educate and encourage, Senior Management, business and operational units to ensure statutory, regulatory, internal policy compliance
• Serve as the alternate representative to regulators with respect to the company’s compliance, and act as the alternate liaison officer with the CBTT, FIU and Fraud Squad
• Participate in external consultations, conferences, or forums (e.g., ACPTT, CFATF, FIBA) and disseminate regulatory updates and industry developments across the organization
• Maintain records of all reports filed for up to seven (7) years in accordance with Regulation 32 of the Financial Obligations Regulations 2010 as amended in 2014
• Maintain a register of all enquiries made by any law enforcement authority or other local and foreign authorities acting under the powers provided by the relevant laws or their foreign equivalent. This register will be kept separate from other records
• Monitor the Financial Action Task Force’s and the UN 1267 list of high risk individuals and legal entities and non-cooperative countries and territories and update all personnel periodically on the same (at least annually)
• Submit terrorist funds report immediately and without delay to the CO for onward transmission to the FIU;
• Maintain the following registers:
  • A register of suspicious transactions and suspicious activity reports, TFR submitted to the FIU:
  • A register and training materials of AML/CFT training received by staff, which includes date, signatures of trainer and trainees
  • A register of High-Risk Listing
• Liaise with the Head – Compliance to respond to government investigations and queries as the principal point of contact in a timely manner
• Promote a culture of compliance and ethics throughout the organization.  Encourage open communication and transparency regarding compliance matters
• Create and maintain Massy Finance GFC Ltd Consolidated Watch List with red flagged clients, employers, dealers, etc
• Perform regular audits and reviews to assess the effectiveness of compliance programs and identify areas for improvement.
• Analyze data and prepare reports on compliance metrics
• Define and monitor key performance indicators (KPIs) for compliance program effectiveness, such as reporting timeliness, staff training completion rates, and red-flag case closure timelines
• Assist with developing the scope for the Internal Management Audit
• Review System (M.A.R.S.) and audit requirements under this system
• Prepare monthly Compliance Reports for the review by the Head – Compliance
• Monitor Regulatory Changes to stay informed about changes in laws, regulations, and industry standards relevant to the company’s operations.
• Update compliance programs accordingly and communicate changes to relevant stakeholders
• ollaborate with Cross-Functional Teams to work closely with legal, risk management, human resources, and other departments to ensure a coordinated approach to compliance and risk mitigation efforts

Minimum Qualifications and Experience: 

• Bachelor’s Degree in Business, Economics, Finance, Law or related subjects 
• Two years (2) years working experience in a financial institution or compliance environment 
• FIBA certification or equivalent