The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.
Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.
That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.
Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.
For our business, for clients, and for you
JOB DESCRIPTION & PERSON SPECIFICATION
Job Title: Assistant Vice President - Money Laundering Reporting Officer /Compliance Officer
Report to: Head of Department - External Compliance
JOB DESCRIPTION
JOB SUMMARY:
To assist in implementing and maintaining an effective and independent compliance function for the prevention of money laundering and terrorist financing, ensuring compliance with relevant laws, rules, regulations and policies, reducing compliance, legal, reputational and regulatory risk.
RESPONSIBILITIES:
Acting as MLRO/DMLRO/CO on regulated client entities of Apex companies (Mauritius campus) and carry out duties as per local regulatory requirements, including amongst others:
oversight of compliance monitoring program and conducting CDD testing & transaction monitoring
preparing periodic report to Board of client entities and presenting the reports to the board of directors of client entities
monitoring of remedial actions for areas of non-compliance identified as part of testing conducted
ensure AML/CFT Policy of client entities is aligned to local regulatory requirements and same is re-assessed on an annual basis
prepare Business risk assessments for client entities on an annual basis
assist on AML/CFT independent audit for client entities
assist on regulatory inspections including offsite and onsite inspections
prepare and maintain relevant registers as may be required under regulation
provide guidance to team on AML/CFT queries, risk assessments and other queries
Assist line manager in day-to-day work including amongst others:
design, review and update formats of compliance reports, including Compliance KPI
assist in design and drafting of AML/CFT policies and procedures, and business risk assessments where necessary for client entities
assist in preparation of AML/CFT training
assist in training, coaching and guiding of junior staffs in team
review of work of junior staffs in team
Monitor developments in local regulatory landscape and suggest implementation plans based on impact;
Liaise with local authorities such as FSC /ROC/FIU;
Reporting to line manager on KPIs, compliance breaches, assigned task
Attending AML training and ensuring training log is updated as and when required
Update timesheets in line with Apex policy
Update sharepoint/citrix or any other systems used by Apex and ensure completeness on a live basis and ensure all files are in order. No file / archiving on emails or on desktop or one drive at all times
Ensure use of knowledge academy for compulsory trainings and meet training deadlines
Adaption to all technology already deployed and that will be made available through Apex
LEADERSHIP AND PEOPLE DEVELOPMENT
Assist with training, supervision of subordinates/team members as the business expands.
Foster and maintain strong team spirit and a healthy working atmosphere.
Support line manager to monitor cost drivers and identify reductions initiatives, and reduce operational losses yearly.
Assist line manager to identify, develop and retain key talent as well as own the…