Associate Director – Risk & Compliance

ROLE OVERVIEW

PURPOSE OF JOB

Serve as the Compliance Officer and Money Laundering Reporting Officer (MLRO), delivering compliance oversight and administrative support to JTC’s regulated entity based in Mauritius.

 MAIN RESPONSIBILITIES AND DUTIES

• Act as designated Compliance Officer and MLRO for JTC regulated entities in Mauritius. 
• Receive and assess internal Suspicious Transaction Reports (STRs), undertake external reporting and ongoing management of AML/CFT concerns for the Company. 
• Maintain records of internal and external STRs and all related documentation. 
• Prepare and table MLRO reports at relevant board meetings as and when necessary, highlighting shortcoming of internal controls and provide recommendations accordingly. 
• Be the point of contact for the Financial Intelligence Unit (FIU) and any other bodies for the purpose of AML/CFT. 
• Liaise with the FIU and if required the FSC and participating in any other third-party enquiries in relation to money laundering or terrorist financing prevention, detection, investigation or compliance. 
• Provide training to staff and external directors when required on AML/CFT matters including filing of STRs and avoidance of tipping off. 
• Act as designated Compliance Officer for clients when required in addition to Compliance Officer for JTC Mauritius entities. 
• Assist with completion of AML/CFT surveys and the National Risk Assessment sent by the regulatory bodies. 
• Maintain and oversee key compliance registers, including those for Complaints, Breaches, and Politically Exposed Persons (PEPs), ensuring accuracy and up-to-date records.
• Advise and guide the Board in relation to changes in regulations and best practices to always ensure compliance, and contribute to the establishment of the Company’s compliance and risk strategy.
• Act as the liaison between JTC Mauritius and the Group Risk Escalation Committee.
• Be the main point of contact for enquiries regarding compliance matters, including enquiries from other JTC offices.
• Maintain a high level of technical knowledge on legislation, guidelines, codes and other legal matters, and update employees on news from regulators, government agencies and international organisations.
• Assist the relevant board with production of AML and Enterprise business risk assessments. 
• Production of risk & compliance reports highlighting relevant risks and compliance matters to the Board. 
• Maintenance of AML/CFT policies & procedures relevant to Mauritius. 
• Oversee the compliance monitoring programmes (performed by IOM) to ensure they are conducted on schedule and in accordance with the monitoring plans. 
• Maintain a high level of technical knowledge on legislation, guidelines, codes and other legal matters.  
• Completing ad-hoc Risk & Compliance projects. 
• Promote awareness of regulatory principles and requirements on a day-to-day basis and maintain an up to date. understanding of the relevant legal and regulatory requirement. 
• Adhere to Risk & Compliance procedures in relation to regulatory requirements and AML/CFT legislation. 
• Ensure own knowledge of, and compliance with policies and procedures. 
• Adhere to CPD requirements in according with regulatory requirements and in-house procedures. 
• Attend relevant seminars and conferences. 
• Adhere to JTC core values and expected behaviours. 
• Undertake any other duties as deemed necessary by Management.

ESSENTIAL REQUIREMENTS

• Bachelor’s degree in law, Finance, Accounting, Business, or a related field.
• Professional qualification in AML/CFT compliance or studying towards it.  
• Minimum10 years of relevant experience in AML/CFT compliance, preferably in a regulated financial services, fiduciary, or corporate services environment. 
• Prior experience serving as Acting MLCO and MLRO within a financial services firm would be advantageous.
• In-depth knowledge of Mauritius AML/CFT laws and regulations.