Compliance Officer and Money Laundering Reporting Officer (MLRO)

About the role

A client is seeking an experienced Compliance Officer and Money Laundering Reporting Officer (MLRO) to oversee the company's compliance and financial crime risk management framework. The role ensures compliance with all applicable laws, regulations, FSC requirements, AML/CFT obligations and internal policies.

Key responsibilities

• Act as the designated Compliance Officer and MLRO of the company.
• Ensure compliance with Mauritius laws, regulations, FSC Rules, Codes and Guidelines.
• Develop, maintain and review the compliance framework, policies and procedures; monitor regulatory developments.
• Conduct compliance monitoring and testing, report findings to management and the Board, and give regulatory advice.
• Maintain compliance registers (breaches, conflicts of interest, complaints, gifts and entertainment, regulatory correspondence).
• Coordinate regulatory filings, notifications and communications with the FSC and other authorities, and assist with inspections, audits and information requests.
• Prepare periodic compliance reports for management and the Board.
• Maintain and oversee the AML/CFT and Proliferation Financing framework, including compliance with FIAMLA, the FSC AML/CFT Handbook and UN sanctions requirements.
• Review and approve CDD, EDD and periodic reviews, oversee customer and business risk assessments, and monitor sanctions, PEPs and adverse media.
• Investigate suspicious activity and decide whether to submit Suspicious Transaction Reports (STRs) to the FIU, maintain AML/CFT records, deliver AML/CFT training and prepare AML/CFT reports.

Required profile

• Bachelor's degree in law, Business Administration, Risk Management, Compliance or a related discipline.
• Professional qualification such as ICA, ACAMS, CISI or equivalent is advantageous.
• At least five years of relevant experience in compliance and AML/CFT within financial services.
• Currently holds FSC Mauritius approval as a Compliance Officer and MLRO for a regulated financial services entity.
• Experience dealing directly with the Financial Services Commission (FSC), Mauritius.
• Preferred: experience in investment management, asset management, private equity, funds, financial services or global business companies.

Required skills

• Strong knowledge of FIAMLA, FSC Rules, FSC AML/CFT Handbook and FATF recommendations.
• Analytical, investigative and problem-solving skills.
• Report writing, communication and presentation skills.
• Ability to interact effectively with regulators, directors and senior management.