Compliance Officer

Location:  Monaco

Position Summary

As a key member of our leadership team, reporting directly to executive leadership, the Compliance Officer is responsible for ensuring the company is conducting its business in full compliance with all national and international regulations. This will involve the creation, review and implementation of policies and procedures and best practices within the industry.

We are seeking a qualified candidate for the position, and the role is based in the vibrant and picturesque city of Monaco.

• Continuously analyse and assess the relevant AML regulatory developments, and their effective implementation, in line with the needs of the group. Periodically share summary reports of such developments with the Board and senior management, emphasizing their impact on specific services provided by the group.
• Be responsible for the day-to-day performance of adequate AML and due diligence checks as required under applicable laws.
• Establish and maintain effective internal systems, standards, procedures, and controls for compliance, in accordance with requirements under a multi-jurisdiction regulatory framework, including with respect to client risk management, anti-money-laundering and data protection.
• Be responsible for all mandatory government filings and reports.
• Responsible for assessing and determining the client risk profile and continuously improve processes for client onboarding.
• Ensure designated persons have a good understanding of their responsibilities and undertake regular training as needed and as required by applicable laws.
• Monitor and ensure consistency amongst compliance procedures at group level.
• Be responsible for the performance of various general administrative duties such as the collection, review, accuracy, completeness, filing, maintenance, periodic review and update of all client files.
• Investigate irregularities and non-compliance issues and highlight or escalate areas of concern to senior management and/or the group’s board as appropriate.

• Maintain procedures for the group’s compliance with Data Protection requirements and security of other data relevant to the group’s activities, including ensuring any subject access requests enquiry is handled appropriately.
• Collaborate with the relevant IT and technology teams to ensure that company data is secure, compliant internationally and that digital system and processes are sound across the organization.

• Previous experience of client risk, compliance and governance monitoring.
• Bachelor’s degree in law, business administration, or relevant field, or FCA Approved Person status.
• Familiarity with Monaco/EU/UK/U.S. AML laws and regulations.
• Mandatory fluency in French and English.
• Ability to collaborate with other departments to create a culture of compliance.
• Demonstrated ability to maintain effective relationships internally, as well as with regulatory bodies.