Compliance Officer

Description

GENERAL ROLE DESCRIPTION
The principal mission of the candidate is to be responsible for developing, implementing, and administering all aspects of the company’s Compliance Management Program. Focusing primarily on the detection and prevention of money laundering, terrorist financing, with enhanced observation on consumer fraud activities, consumer protection expectations and any other laws and regulations that pertain to the activities that Ria performs as a money service business in the country.

JOB FUNCTIONS / RESPONSIBILITIES

• Plan, organize and control the day-to-day administrative and operational compliance activities.
• Collaborate with other Senior Management in the overall administration of these activities for the company.
• Liaise with local regulators Central Bank, the Financial Intelligence Units, and other relevant authorities in order to meet the company’s regulatory obligations.
• Manage Compliance and Business relationship, fostering effective communication and solutions.
• Periodically update the Board of Directors and senior management on emerging compliance issues.
• Implement a robust Compliance risk Assessment Program to identify and mitigate associated risks.
• Conduct due diligence on existing agents and partners, ensuring compliance with KYC requirements.
• Oversee store, agents, and partners' activities to ensure adherence to internal AML/ATF policies.
• Store, agents and partners activity oversite, ensuring that transactions carried out at Ria locations comply with internal AML/ATF policies.
• Perform in-depth transaction analysis using advanced Excel techniques to detect suspicious activities.
• Implement effective AML/CTF training programs for employees, senior management, and the Board of Directors.
• Coordinate all reportorial and regulatory requirements, including new product approvals and business permit renewals.
• Undertake data protection tasks in accordance with country laws and regulations.
• Enforce risk management and mitigation processes, communicating with the Board of Directors.

SKILLS AND ABILITIES

• 4+ years of proven working experience in the financial or legal sector, and at least 2 of which in compliance in a financial environment
• In-depth understanding of the Anti-Money Laundering Act 2018.
• Experience/knowledge of compliance issues/challenges in financial institutions.
• Strong ability to handle difficult situations, maintain a calm attitude, and navigate Compliance/Business discussions effectively.
• Transaction monitoring and AML/ATF experience.
• Fluent in English, both written and spoken (mandatory).
• Excellent communication skills.
• International profile with an understanding of diverse cultural perspectives.
• Advanced proficiency in Microsoft Excel (mandatory), including pivot tables, dashboards, charts, and data analytics.
• Proficient in Microsoft 365 (Word, Outlook, Teams, OneDrive, OneNote, PowerPoint, Planner).
• Technology-oriented with the ability to learn different programs naturally. International profile, with the capacity to understand other culture perspectives.

COMPETENCES

• Culture of Progress: Results driven. Problem-solver. Work doesn’t end until the task is complete.
• Flexibility/Adaptability & Managing Change: Ability to effectively work in a fast-paced, energetic team environment. Able to adapt to different cultures, work environments and schedules.
• Analytical thinking and technology oriented: Strong analytical skills and high attention to detail. Able to find the most efficient and productive solutions avoiding unnecessary procedures. The candidate must feel very comfortable amongst technology ad have the capacity to manage and improve many different systems.
• Stress Resilience: Used to working to deadlines and under pressure, the candidate also will have the ability to set up new activities, tackling issues quickly and efficiently. Doesn’t allow stress to affect his/her performance, always finds a way to reduce or work through stress peeks.
• Initiative, Innovation & Risk taking/management: An entrepreneurial person used to wearing different hats. Not afraid to take initiative or measured risks and present innovative ideas to help improve the company. Hard working person that doesn’t have to be micromanaged to make sure he/she is giving 100%. Autodidact, with a curious mind and initiative to learn on his/her own.
• Organization and planning: An enthusiastic person whose main objective is to get things done always considering attention to detail a must. A smart, proactive and easy-going person who makes things seem easy when complex. With high organizational skills essential for multitasking and team management.
• Teamwork & Conflict Management: Strong team player. Will always put the team before his/her personal interests. Great capacity on conflict solving, keeping a professional approach, and never allowing conflict to become personal.
• Communication & Influence: Excellent communications skills. Capable of communicating in a clear, straight and concise manner. Always open for discussion and capable of keeping communication channels open with all the departments.
• Emotional Intelligence: Able to read people and approach everyone in the correct manner; considering the conversation topic and the individual unique characteristics. Don’t allow emotions to take over keeping the focus on finding the solution to any issues.
• Commitment with the organization: Strong collaboration skills.

EDUCATION

• Master’s/Bachelor’s degree in law, business, or a related field.

WORK EXPERIENCE

• Proven working experience in the financial or legal sector, with a minimum of 4 years in a compliance position in a financial environment.
• Analytical understanding of transaction monitoring.
• Legal background is an advantage – the understanding of the structure of the Norwegian regulations and financial sector responsibilities coming from the Finanstilsynet (FSA).