Compliance Officer at SimbaPay

Compliance Officer Job Responsibilities

• Ensure that the organization operates and maintains its regulatory license to conduct money remittance business
• All relevant staff remain aware of their corporate and personal regulatory obligations.
• Regulatory radar capability exists to identify, assess and respond to regulatory developments affecting the business
• Compliance Policies and Procedures are written, approved and embedded in the business as well as being kept up-to-date.
• Independent challenge and oversight is applied to the approved compliance policies
  alerts generated by automated transaction monitoring systems are appraised and where appropriate investigated, evaluated and suitable actions recommended
• Timely, accurate, and relevant regulatory advice and guidance is provided to the firm.
• Where appropriate, competitive advantage (through knowledge and experience of regulatory standards and practices) is achieved.
• The firm meets its anti financial crime obligations, in relation to Anti Money Laundering, Counter Terrorist Financing, Fraud, Sanctions, Bribery and Corruption and Market Abuse/Insider Trading.
• Appropriate management information is produced and acted upon in relation to compliance matters.
• The firm’s strategic and commercial objectives can be effectively delivered within the context of appropriate legal, regulatory, governance, and reputational standards.
• That all commercial decisions e.g. product, market, geography, customer, scope or process, receive appropriate regulatory consideration.
• Implement a risk-based compliance monitoring / operational risk framework to enable senior management to effectively understand, manage, monitor, and mitigate the firm’s various compliance and regulatory risks.
• A favourable regulatory relationship is established and maintained with the Financial Conduct Authority (FCA).
• Suitable senior management individuals are identified and registered with the FCA.
• Submit Suspicious Activity Reports to National Crime Agency UK.