Compliance Officer/MLRO Job Description
IC MARKETS (KE) LIMITED
Accounting, Auditing & Finance
Banking, Finance & Insurance
KES
Confidential
Easy Apply
3 weeks ago
Job Summary
Join our dynamic team at an esteemed Online Trading Company, where we are seeking a detail-oriented Compliance Officer/MLRO to ensure adherence to regulatory requirements and uphold the highest standards of integrity
- Minimum Qualification : Bachelors
- Experience Level : Mid level
- Experience Length : 5 years
Job Description/Requirements
Primary Duties and Responsibilities:
a. Review & System Enhancements:
Thoroughly review the company’s activities to recommend system enhancements and initiate procedural changes to align with regulatory requirements.
b. Compliance with CMA License:
Oversee business activities to ensure compliance with CMA license conditions and statutory and regulatory obligations.
c. Internal Compliance Development:
Continuously monitor, develop, and enhance internal compliance measures, including manuals, policies, and procedures.
d. Statutory Obligations:
Address all statutory requirements and obligations within the Compliance Procedures.
e. Reporting:
Prepare and submit reports, documents, and forms as mandated by CMA, FRC, and other relevant regulatory bodies.
f. Employee Training:
Lead regular training sessions to maintain employees’ current knowledge of compliance policies and procedures.
g. Client Due Diligence:
Conduct comprehensive due diligence on new clients, including meticulous review, documentation, and risk assessment.
h. Customer Data Audits:
Regularly audit customer data to detect any suspicious activity and investigate high-risk clients in accordance with compliance requirements.
i. Client Complaints Management:
Manage and control client complaints, ensuring adherence to relevant laws and regulations.
j. Marketing & Promotional Material Review:
Verify that all marketing and promotional materials are transparent, free of misleading information, and include necessary disclosures and disclaimers.
k. Audit Oversight:
Oversee external compliance, AML, and Risk Management Audits, ensuring timely adherence to recommendations.
l. Transaction Monitoring:
Monitor transactions and review accounts for potentially suspicious behavior.
m. Suspicious Activity Reporting:
Promptly report any suspicious transactions or activities to the Financial Reporting Centre (FRC).
n. Employee AML Awareness:
Enhance employee awareness of anti-money laundering laws and adopted audit systems.
o. Employee Screening:
Implement thorough screening measures for potential employee hires.
p. Additional Responsibilities:
Fulfill any other responsibilities as mandated by written law or assigned.
Qualifications and Experience:
Bachelor’s Degree:
Hold a Bachelor's degree in Finance, Law, Economics, or a related field.
CISI Certification:
Possess CISI (Chartered Institute of Securities and Investments) Level 2 certification.
CISI Membership:
Registered member of CISI, in good standing.
Experience:
Minimum of 5 years of working experience with at least 3 years in a similar position.
Skills:
Proficient in management, communication, presentation, client servicing, and technical writing abilities.
Preferred Experience:
Experience in industry sector specialization with CMA reporting and international work exposure will be highly regarded.
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