Senior Compliance Officer (Regulatory)

About the role

This role sits within the Regulatory Unit of a bank and reports to the Compliance Manager on compliance and ethics matters. It covers regulatory compliance and advisory, compliance monitoring and risk management, and regulatory relations and reporting.

Key responsibilities

• Stay up to date with regulatory developments, legislative changes, directives and industry best practices in banking, and ensure the bank's policies, products and operations meet Bank of Mauritius requirements and applicable laws.
• Support compliance frameworks, standards and governance, and work with the AML/CFT Monitoring team on changes in AML/CFT rules.
• Advise business units and stakeholders on regulatory and compliance matters.
• Run compliance monitoring, thematic reviews, testing programmes and assessments, and review banking activities such as dormant and abandoned accounts, preparing reports with findings and recommendations.
• Identify, assess, monitor and escalate compliance risks and control weaknesses, and oversee corrective actions and remediation plans.
• Support the annual Compliance Plan and Compliance Monitoring Programme.
• Prepare compliance reports, regulatory updates, risk assessments and Board papers; draft, review and coordinate regulatory correspondence with the Bank of Mauritius and other authorities.
• Track regulatory correspondence, commitments and action plans, and coordinate regulatory examinations, inspections, thematic reviews, audits and information requests.
• Maintain professional relationships with regulators and other stakeholders.

Required profile

• Bachelor's degree in law, finance, economics, accounting or a related field acceptable to the Bank.
• ACAMS or ICA preferred; a master's degree or professional qualifications highly desirable.
• Minimum 5 years of experience in the banking sector, including at least 3 years in an AML/CFT compliance role.