Amal Express are seeking a skilled & qualified Compliance Officer / financial broker for our company in Kensington.

The Position:

The role of this position is to provide the services of a Compliance Officer / Financial Broker to Amal Express Pty Ltd and its affiliates in Australia. The person is appointed with the objective of fully complying with Anti-Money Laundering and Terrorist Financing Act of Australia and regulations relevant to money service businesses. This role will therefore require maintaining and coordinating relationships with staff, regulators, and agents.

The level of performance of the Compliance Officer / Financial Broker shall be assessed based on achieving key performance indicators, quality of work and application of sound methodologies for controlling operations.

Essential Responsibilities

• The person shall specifically work under the direction of the Amal Enterprises Manager and be responsible for ensuring meeting compliance obligations of AML/CTF laws and rules applicable to Amal’s operations.
• Providing leadership and contributing to a culture of AML/CTF compliance within the operations under control.
• Managing all aspects of reporting required in respect of AML/CTF rules and regulations, e.g. suspicious transactions, threshold, annual compliance report and IFTI reports within timely time frames, etc.
• Conducting agent and employee due diligence.
• Conducting risk awareness training for staff and agents.
• Communicating and making agents aware of emerging compliance issues and risks, and procedures to be adopted to avoid compliance risk to Amal.
• Overseeing general staff training program on AML/CTF matters to ensure that staff are fully aware of the obligations of AML/CTF laws
• Organizing independent internal and external reviews as required by Amal policy.
• Facilitating and coordinating enquires by Australian government regulators.
• Continuously assessing compliance risks and recommending measures to address the risks.
• Acting as the contact person for Authorities/Regulators in addressing any compliance issues such as reporting suspicious transactions, threshold and IFTI reports.
• Preparing maintaining and disseminating the Compliance Manual, policies and procedures and ensuring all Amal staff and affiliate agent are following current AMCTF program and its updates.
• Keeping all relevant records required in accordance with the applicable laws and rules.

Key Performance Indicators

• Continual licenses as registered Amal Enterprises money transfer business and its affiliates as required by Amal operations.
• Amal Express Pty Ltd has now three types of registrations (network provider, independent and affiliates) and CO must ensure all the registrations of Amal Express Pty Ltd are current as well as its affiliates as well.
• Penalties for breach of AML/CTF laws and regulations.
• Satisfactory ratings by independent reviewers and regulatory examiners

Qualifications:

• The Compliance Officer / Financial Broker must have completed a tertiary education degree, preferably business, accounting or legal areas, and/or relevant work experience of compliance particularly AML/CTF ACT of Australia
• The person must be able update his compliance and financial knowledge regularly and has habit of consciousness of current news of the field and be able to effectively share this information to staff and agents.
• Applicant must be fluent in the Somali language and optionally in the Arabic Language

For an immediate interview please forward your resume with a cover letter highlighting your experience, knowledge of the industry and to skills to match the position. We will then arrange an interview with our client