Financial Crime World

Maldives Compliance Officer Job Description

The Maldives Monetary Authority is seeking a highly skilled and experienced Compliance Officer to join its team. The ideal candidate will be responsible for ensuring that the Bank’s operations are carried out in compliance with regulations, internal procedures, and all relevant requirements.

Responsibilities

  • Compliance Monitoring: Constantly review the Bank’s operations to ensure they are compliant with regulations and internal procedures.
  • Fair Business Practices: Ensure fair and just business practices for all stakeholders, including employees, suppliers, customers, government organizations, and the community.
  • Policy Development and Review: Coordinate and actively support the Risk and Compliance function in developing and reviewing policies and procedures, monitoring compliance programs, and supporting functional areas.
  • Compliance Assessment and Implementation: Continuously assess whether Business Units are complying with policies and procedures and implement rectification measures promptly.
  • KYC Reviews: Follow up on customer KYC reviews in a timely manner.
  • Transaction Monitoring: Monitor high-value transactions and cross-border exposure to eliminate potential risks to the Bank.
  • Report Preparation: Review and scrutinize data relating to Threshold Transaction Reports and Suspicious Transaction Reports, ensuring timely submission to the Financial Intelligence Unit at MMA.
  • Compliance Training: Conduct compliance-related training for Business Units in a timely manner.
  • Additional Tasks: Perform any other tasks assigned by the Head of Risk and Compliance.

Profile

The ideal candidate should have:

  • Sufficient knowledge of the Compliance Function of a financial institution
  • Excellent communication and interpersonal skills
  • Self-motivation, versatility, efficiency, and a focus on results
  • Leadership qualities and ability to initiate and implement action plans (desirable)
  • Good analytical skills
  • Proficiency in MS Office

Requirements

To be eligible for this role, candidates must have:

  • A Bachelor’s Degree in a relevant field from a recognized University or equivalent qualification
  • A minimum of three years of work experience in the banking industry, with at least two years of experience in a Compliance Unit (for Maldivian Nationals only)

Remuneration

The successful candidate will be offered an attractive remuneration package including fringe benefits commensurate with their qualifications and experience.

Application Deadline

August 31, 2023

How to Apply

Interested and qualified candidates can submit their updated CV, copies of relevant certificates, and ID card copy to careers@cbmmv.com. Only shortlisted candidates will be called for an interview. For more information, please call +960 333 2668.