Compliance and AML Officer 

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Job Summary

Applications are invited from qualified, dedicated and experienced personnel for this position reporting to the Manager Compliance & AML and based at Level 7, BSP Life Centre, 5 Thomson Street, Suva. 

The primary function of the role is to ensure compliance by company and employees with laws, regulations, company policies and Group standards. This role is a second line function, and the main objective of this role is to assist with the establishment and maintenance of a robust and effective Compliance and Anti-Money Laundering (AML) framework. The incumbent must be able to provide assurance to the Manager Compliance & AML (MCAML) and General Manager Legal & Compliance (GMLC) around compliance with all external and internal obligations relevant to the industry.

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Key Responsibilities

  • Assist with regular review of BSP Life’s approach in relation to significant risk policies and strategies.
  • Embed statutory and regulatory obligations into the compliance registers, policies and processes.
  • As the AML Officer, assist business units and sales advisors on Know Your Client (KYC) queries including vetting of KYC documents if requested.
  • Alternative point of contact for regulators in respect of audits, information requests, reports and consultations.
  • Ensure RBF Insurance Supervision Policies are embedded into BSP Life policies and procedures.
  • Maintain an understanding of relevant regulatory requirements to provide advice and guidance to the MCAML and GMLC and other senior managers enabling them to implement compliant policies and procedures.
  • Facilitate employee training on AML and Compliance policies.
  • Assist in providing regular internal reports on Compliance and AML matters.
  • Update and maintain internal Compliance Registers.
  • Other tasks as assigned by Manager Compliance & AML.
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Knowledge, Skills & Qualifications

  • Bachelors Degree or higher, tertiary qualifications in finance, business or law is desirable.
  • Minimum 2 years’ experience in the industry, at least 1 of which has been spent in a compliance or risk management role.
  • Knowledge and experience of best practice compliance and governance frameworks, methodologies and emerging practice, compliance monitoring and risk assessments in the context of the financial services industry.
  • Experience of communicating with regulators and assisting with regulatory enquiries and inspections.
  • Commercial acumen and advanced knowledge of Risk Management and Operational Risk Management tools is desirable.
  • Detailed knowledge of financial services regulations, as impacting BSP Life’s business.
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In line with the Government’s Health and Safety at Work (General Workplace Conditions) Regulations, all applicants must demonstrate that they have received at least the first dose of the COVID-19 vaccine and confirm their intention to receive the second dose of the vaccine before 1 November 2021/confirm that they have received the second dose, or provide the necessary exemption from the Ministry of Health. This will be an essential qualification for employment.

This is a demanding yet satisfying role within a growing organization and an appropriate salary package will be negotiated to secure a high calibre candidate.

Location

  • Suva
  • Full-Time

Deadline

Applications close at 4pm on Friday 29 October 2021 and only shortlisted candidates will be contacted.