Responsible for the implementation and ongoing compliance of the reporting entity’s internal programmes, controls and procedures with the requirements of the FIAMLA, FIAML Regulations 2018, United Nations (Financial Prohibitions_Arms Embargo_Travel Ban) Sanctions Act 2019 and any other relevant legislations and regulations.
Assess the Company’s money laundering and terrorist financing risk exposure and develop periodic business risk assessments for consideration and approval by the Board.
Fulfil the compliance role within Stantons Ltd and its client entities portfolio management.
Ensure continued compliance with the requirements of the FIAMLA, FIAML Regulations 2018 and associated regulations & guidelines subject to the ongoing oversight of the Board of Stantons Ltd and its Senior Management.
Undertake day-to-day oversight of the program for combatting money laundering and terrorism financing.
Regular reporting, including reporting of non-compliance, to the Board.
Contribute to design, implement, and maintain internal compliance manuals, policies, procedures, and systems for combatting money laundering and terrorism financing.
Conduct Independent AML/CFT Audits of client entities.
Be seconded to client entities as Compliance Officer and/or MLRO/DMLRO
Review & perform risk assessments of prospective and existing clients, update the client risk matrix and report assessment results to the client acceptance committee.
Provide AML/CFT training in house and to external clients.
Perform back up duties as and when required.
At least three (3) years of relevant working experience in a similar position and meeting the competency standards of the Financial Services Commission for positions of MLRO & Compliance Officer.
Undergraduate degree in law, accounting, banking, financial services or such other relevant fields.
Certified Compliance Professional qualifications (e.g. ACCPA, ACAMS, ICA, FSI) in accordance with the FSC Competency Standards will be an advantage.
Good analytical skills and precision in delivery.
Good written and verbal communication skills.
Proven experience relating to AML/CFT audit and compliance within sectors & professions classified as reportable under the FIAMLA will be advantageous.
A detailed understanding of money laundering and terrorism financing risks and its management within a business environment.
Ability to prioritize tasks and deliver effectively.
Results-oriented and hardworking with strong interpersonal capabilities.
Ability to maintain a high level of confidentiality in client and related matters.
Quick learner who can adapt to different work environments.