Compliance Administrator

The Compliance Administrator is responsible for ensuring the organization's adherence to legal and regulatory requirements, particularly in the areas of Anti-Money Laundering (AML) and Counter-Terrorism Financing(CTF). This role involves screening clients, maintaining Know Your Customer (KYC) records, conducting risk assessments, and handling compliance documentation.

Client Screening:

• Conduct thorough screenings of new clients to assess risk levels and ensure compliance with AML and CTF regulations.
• Review and verify submitted KYC documents to ensure they meet all regulatory requirements.

KYC Documentation:

• Maintain accurate and up-to-date records of all KYC documentation.
• Ensure that all compliance-related records are well-organized and easily accessible for audits and reviews.

Risk Assessment:

• Perform Customer & Transaction Risk Assessments to identify and mitigate potential risks associated with clients and transactions.
• Regularly screen previous clients to ensure ongoing compliance with internal policies and external regulations.

Compliance Documentation:

• Handle the documentation process for Compliance Confirmation Forms (CCF) related to deal closings.
• Maintain detailed records of all compliance activities, particularly for high-risk and Politically Exposed Persons (PEPs).

AML and CTF Policies:

• Implement and maintain AML and CTF policies, procedures, and controls in line with applicable laws and internal guidelines.
• Establish and oversee customer due diligence(CDD) processes, includingcustomer identification, verification, enhanced due diligence (EDD) measures, and continuous monitoring.

Reporting:

• Report any suspicious activities or high-risk clients to the appropriate authorities, ensuring that all reports are accurate and submitted promptly.
• Prepare regular compliance reports for management, highlighting key findings and areas of concern.

High-Risk Clients:

• Maintain comprehensive records for high-risk clients and PEPs, ensuring that all necessary documentation is complete and compliant with regulations.

Technical Competencies:

• Excellent attention to detail and accuracy in record-keeping and documentation.
• Strong analytical skills with the ability to assess risk and identify potential compliance issues.
• Effective communication skills,both written and verbal.
• Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
• Strong ethical standards and integrity in handling sensitive information.

This role is vital to ensuring that the organization operates within the legal framework, minimizing risks related to money laundering and terrorism financing, and maintaining a strong compliance culture.

Qualifications, Experience, Knowledge & Skills:

• Bachelor’s degree in Law, Finance,Business Administration, or a relatedfield.
• Experience in compliance, particularly in AML and CTF regulations.
• Strong knowledge of KYC processes and regulatory compliance standards.
• Proficiency in compliance management software and tools.

The Compliance Admin will collaborate closely with the compliance and legal teams to ensure the company's adherence to AML, CTF, and other regulatory frameworks, also ensuring that the organization operates within the legal framework, minimizing risks related to money laundering and terrorism financing, and maintaining a strong compliance culture.