Head of Compliance

Gibraltar, Gibraltar

SRGEurope are seeking an experienced Head of Compliance who will be tasked with maintaining company compliance within Gibraltar and European Union related to AML and CFT. The Head of Compliance will work side by side with the CEO and Finance Team. The Head of Compliance will ideally be a recognised figure with the FSC in Gibraltar or have excellent references from the FSA in UK.

Head of Compliance Requirements and Responsibilities:

• Oversight and implementation of Company’s AML policies and procedures using a risk-based approach
• Receive and process internal and external suspicious transaction reports
• Determine and judge whether information or other matters in any transaction report received gives rise to knowledge or suspicion that an individual is engaged in money laundering
• Judge whether a report should be made to the Gibraltar FIU and make such reports as required, considering all information, relevant transaction patterns, other relevant business and identification records
• Maintain appropriate records of all cases referred, whether eventually reported or not, together with judgement and reasoning
• Serve as central point of contact with law enforcement agencies
• Monitoring of Company’s products and services, including compliance with policies and procedures, compliance with Association requirements and implementing appropriate remediation processes for noncompliance
• Serve as a member of the Companies Compliance Committee
• Ensure appropriate monitoring processes and procedures are in place across the company for partners, customers and staff
• Monitor the ongoing segregation of duties per company policy and procedure
• Reporting to the Board on the adequacy of systems and controls, statistics regarding suspicious activities and outcomes, proposals for improving AML/CFT controls
• Management of all FSC notifications
• Preparing for and managing all FSC audits and site visits and controlling the effectiveness of all required recommendations and follow ups
• Ongoing recommendation and improvement to the effectiveness of compliance policies and procedures
• Develop the AML/CFT culture and ensure adequate training and awaren
• Serving as primary point of contact for internal and external questions relating to money laundering and terrorist financing matters
• Responsible for all policy requirements relating to compliance
• Responsible for day to day oversight of AML/CFT compliance requirements
• Regular assessments of the adequacy of company systems and controls
• Join local bodies such as the Gibraltar Association of Compliance Officers (GACO)

If you feel you have the necessary attributes as the Head of Compliance to succeed in this role, please apply now for immediate consideration.

Skills: Compliance | MLRO | AVS | Risk | FSC | FSA | AML | CFT |