COMPLIAN EXPERT – Mogadishu, Somalia

 

BAKAAL EXPRESS MONEY TRANSFER-SOMALIA

Contacts: e-mail, support@bakaal.com

JOB ADVERTISEMENT

JOB ANNOUNCEMENT NO: BAK/04/MOG/20

POSITION TITLE: – COMPLIAN EXPERT GRADE LEVEL: – S6

DUTY STATION: – MOGADISHU, SOMALIA DATE OF ISSUE: – 6^th   OCT 2020

CONTRACT TYPE: – SLA EXPIRE DATE: – 6^th NOVEB 2020

 

Organizational background

Bakaal Express Money Transfer is private limited company registered in Somalia that provides money transfer services individually and in coordination with a variety of global remittance network partners.

This position is open to qualified Somali nationals only.

 

Main duties and responsibilities

We are looking for an AML/Compliance Officer to ensure that our operations and business transactions follow all relevant legal and internal policies. You will also review employees’ work and provide advice on compliance.

To succeed in this role, you should be a reliable professional who is not afraid to speak his/her mind and stand by decisions. You should be familiar with risk management and financial industry standards. If you also have a sharp business insight.

Your goal will be to ensure Bakaal operates in a legal and ethical manner while meeting our business objectives.

Develop and oversee control systems to prevent risks or deal with violations of regulations and our internal policies/procedures.

Evaluate the efficiency of Bakaal KYC controls and collect related customer data to improve KYC continuously.

Revise procedures, reports and identify any hidden risks or possible non-conformity issues.

Prepare and submit SARs, LTRs, and other regulatory reporting documents.

Draft, modify and implement company compliance policies/procedures for best practices

Review/draft and modify or carry out relevant risk assessments on regular intervals.

Assess the business’s future ventures to identify possible compliance risks

Carry out staff and agent compliance training/verify staff/agents compliance knowledge

Keep abreast of international regulatory developments within or outside, as well as evolving best practices in compliance mechanisms.

Prepare compliance reports for senior management on regular basis

Participate internal and external audits if and when needed.

Perform any other compliance duties are requested by supervisor.

Requirements

Proven experience as compliance manager not less than 3 years

Qualifying experience in financial risk management

In-depth knowledge of the industry’s standards and regulations

Excellent knowledge of reporting procedures and EDD/DDU processing

Proven Methodical and diligent with outstanding planning abilities

An analytical mind, able to “see” the complexities of procedures and regulations

Excellent communication skills

Advance degree in finance, business administration or related field

Certified compliance professional is desired but not mandatory.

TO APPLY:

E-mail us your motivation letter and resume to support@bakaal.com with subject COMPLIANCE MANAGER” before the deadline. Please do not calls us over the phone. Only applications that meet the above requirements & received not later than the deadline will be considered and only applicants selected for interviews will be contacted.