Compliance Officer at Fanisi HR Solutions

Job Description

Key Responsibilities

Regulatory Compliance

Interpret and apply regulatory requirements, with a focus on AML/CFT (Combating the Financing of Terrorism) laws.
Serve as the institution’s primary contact for regulatory bodies regarding compliance matters.
Ensure adherence to local and international financial regulations, including Know Your Customer (KYC) requirements.

Internal Controls for Loan Administration and Funds Disbursement

Develop, implement, and monitor internal controls specific to loan processing, approval, and disbursement procedures.
Conduct regular audits of loan administration workflows to ensure compliance with internal policies and external regulations.
Verify that loan and fund disbursement processes are conducted transparently and free from fraud or financial misconduct.
Maintain accurate records of loan transactions and monitor for compliance risks.

AML Compliance

Design and oversee the implementation of AML policies and procedures.
Monitor and report suspicious transactions in accordance with regulatory requirements.
Conduct ongoing customer due diligence (CDD) and enhanced due diligence (EDD) for high-risk clients.
Stay updated on AML laws and implement necessary changes to the institution’s compliance framework.

Risk Assessment and Mitigation

Conduct risk assessments related to loan administration, funds disbursement and AML compliance.
Recommend and implement measures to mitigate identified compliance risks.
Monitor compliance metrics and prepare detailed risk management reports for senior leadership.

Training and Capacity Building

Develop and deliver regular training sessions for employees on AML laws, internal controls, and regulatory updates.
Foster a culture of compliance and ethical behavior across the institution.

Reporting and Investigations

Prepare monthly compliance reports for management, regulators, and other stakeholders.
Investigate and document non-compliance incidents, including breaches of AML laws or internal controls.
Ensure timely filing of Suspicious Activity Reports (SARs) and other required regulatory filings.

Required Specifications

Bachelor’s degree in Finance, Risk, Law, Business Administration, or a related field. A Master’s degree or specialized compliance certification is an advantage.
Certified Anti-Money Laundering Specialist (CAMS), Certified Compliance Professional (CCP), Certified Information System Auditor (CISA) or equivalent.
Minimum 3-5 years in a compliance or regulatory role within the financial sector.
Strong experience with loan administration, funds disbursement, and AML compliance.

Skills:

In-depth knowledge of AML laws and financial institution regulatory frameworks.
Strong analytical and problem-solving skills.
Proficiency in compliance monitoring systems and tools.
Excellent communication and report-writing skills.