Compliance Officer

The Compliance Officer & MLRO will play a crucial role in overseeing the company’s compliance activities under the Financial Services Commission regulations, as well the company’s activities under its licences in South Africa and other jurisdictions. The role will also require the ability to take accountability for timely delivery of work within deadlines, collaborate with the global compliance team, conduct the local compliance monitoring programme, and contribute to group level initiatives. 

Key Responsibilities: 

Regulatory Compliance: 

• Ensure the business complies with FSC regulations, including requirements for financial markets, retail trading, investments, and financial services operations. Exposure to crypto, payments, FX and CFDs is helpful, but not essential. 

• Monitor regulatory changes from FSC and other relevant authorities, ensuring the business adapts its practices to evolving requirements. 

• Where required, act as the company’s primary point of contact with FSC, handling regulatory inquiries, compliance audits, inspections, and ongoing reporting requirements, for the company and other group companies based in Mauritius. 

• Provide expert advice to senior management on compliance matters. 

Money Laundering Prevention & Financial Crime Risk Management (MLRO Role): 

• Advise on escalations and edge cases and assist in defining local requirements under the firm’s local transaction monitoring framework, identifying suspicious activities, conducting risk assessments, and managing the preparation of suspicious activity reports (SARs). 

• Investigate potential financial crime incidents, liaising with internal and external stakeholders, including law enforcement and regulators. 

• Evaluate and determine whether an internal STR has merit and should be reported to FIU 

• File internal disclosures not reported to FIU for future analysis in case a further internal disclosure is made about same client 

Regulatory Reporting & Liaison with FSC and other Regulators: 

• Oversee the preparation and submission of all regulatory filings to FSRA and ADGM, ensuring they are timely and compliant with regulatory deadlines. 

• Act as the primary liaison with ADGM and FSRA regulators, responding promptly to regulatory inquiries, examinations, and audits. 

• Ensure compliance with ADGM’s reporting requirements, such as annual compliance reports, regulatory filings, and ad-hoc submissions. 

• Liaising with other international regulators, particularly in GCC markets, Nigeria, and India.  

Training & Awareness: 

• Develop and deliver compliance training programs for staff, focusing on ADGM regulatory requirements, AML/CFT practices, and general financial crime risk management. 

• Foster a compliance culture across the organization by raising awareness of regulatory obligations, ethical conduct, and financial crime risks. 

Internal Collaboration & Risk Management: 

• Work closely with internal teams, including legal, risk, and operations, to identify and address compliance risks and issues. 

• Provide regular updates and compliance reports to senior management, highlighting key regulatory developments, emerging risks, and recommendations for remediation. 

• Act as a subject-matter expert in ADGM compliance matters, assisting cross-border teams with regulatory queries and compliance challenges across jurisdictions. 

Group-Level Compliance Contributions: 

• Contribute to global compliance projects, ensuring consistency and alignment across all jurisdictions in which the company operates. 

• Contributing to workstreams covering cross-border distribution of products and management of risk through introducing brokers. 

• Share knowledge and best practices with colleagues globally, ensuring compliance standards are adhered to in all regions.