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

The Position:

The role of this position is to provide the services of a 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 Financial Broker shall be assessed based on achieving key performance indicators, quality of work and application of sound methodologies for controlling operations.

Essential Responsibilities

Monitoring and Analysis : Continuously monitor commodity prices, industry trends and market movements, and assess external factors that may impact supply and demand across sectors such as agriculture resources and trade.

Negotiation and Transactions : Lead negotiations in the purchase and sale of commodities, ensuring optimal outcomes for clients while complying with relevant regulatory requirements.

Client Needs Assessment : Engage with clients to identify their specific financial and insurance needs. Research and review a wide range of finance and insurance products to provide tailored solutions that align with their circumstances and objectives.

Financial Analysis and Strategy : Analyse clients financial situations to identify opportunities, assess risks, and recommend strategies that support short- and long-term financial goals.

Foreign exchange advisory : advise employees on key principles in regards to foreign exchange trading and implement daily strategies for trading advancement within amal express this includes forecasting numbers.

Insurance Advisory : Interview clients to explain policy terms, coverage, premiums, exclusions and benefits. Provide clear recommendations on the type and level of insurance cover appropriate to each client’s needs.

Finance and Insurance Facilitation : Act as an intermediary to arrange mortgages, personal and commercial loans, insurance products, and other finance solutions through banks, lenders, financiers, and insurance companies.

Conducting agent and employee due diligence with compliance department

Conducting risk awareness training for staff and agents.

Communicating and making compliance 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.

Preparing maintaining and disseminating the policies and procedures and ensuring all Amal staff and affiliate agent are following current AMCTF program and its updates.

Key Performance Indicators

Continual licenses as registered Amal Express 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 Financial Broker must have completed a tertiary education degree, preferably business, accounting or legal areas, and/or relevant work , particularly AML/CTF ACT of Australia

The person must be able update his 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