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Compliance Officer Responsibilities in Mauritius

In a move aimed at ensuring compliance with regulatory requirements and maintaining a strong reputation, Aon Mauritius has outlined the key responsibilities of its Compliance Officer.

Role Profile

According to the company’s latest role profile, the Compliance Officer will provide a professional compliance service to Aon for its:

  • Investment
  • Pension Fund Administration
  • Actuarial
  • Insurance Broking business segments

The officer will also manage the company’s regulatory framework, engage with the Financial Services Commission (FSC), and ensure compliance with licensing requirements.

Key Responsibilities

The Compliance Officer will be responsible for:

  • Compiling a regulatory risk framework/programme for all businesses
  • Drafting risk management plans in accordance with applicable legislation and company policies
  • Conducting compliance monitoring and reporting to stakeholders
  • Providing compliance training to employees and managing training records
  • Reviewing and implementing local and global compliance requirements

Additionally, the officer will:

  • Manage the company’s reputational risks in respect of compliance-related matters
  • Provide reports to risk committees, Exco, Board, and regulators
  • Update, localize, and train on Aon’s policies

Other Key Responsibilities

The Compliance Officer will also be responsible for:

  • Implementing and managing third-party processes
  • Reviewing sponsorship and donations requests
  • Screening for conflicts of interest
  • Managing complaints handling process

Ideal Candidate Requirements

The ideal candidate should have:

  • A degree in Law or related discipline
  • A postgraduate qualification in Compliance Management (added advantage)
  • Good regulatory knowledge and experience in respect of financial services legislation
  • Strong communication, interpersonal, and organization skills
  • Conflict management and listening skills

Additionally, the candidate should have a minimum of 5-8 years’ compliance experience in the Financial Services sector, with experience in insurance, pension administration, actuarial, and investment being an added advantage.

Compliance Responsibilities

The Compliance Officer will be responsible for ensuring that Aon Mauritius complies with all applicable laws and regulations, including those related to:

  • Anti-money laundering and counter-terrorism financing (AML/CFT)
  • Short-Term Insurance Act
  • Pension Fund Act
  • Other financial services legislation