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AML Audit Associate

Apex Group Ltd

Apex Group Ltd

Posted on Wednesday, July 3, 2024


AML/CFT Auditor - Mauritius

Role Location: Mauritius

Department: Apex Compliance Services (External Compliance)

Employment Type: Permanent


Title: Associate, Mauritius

The Role: The successful applicant will be part of the Apex Global Compliance Solutions team and will be responsible for developing and providing Compliance, AML/CFT and Regulatory services and solutions to clients in Mauritius.

Key Responsibilities/List of Duties:

Assist Seniors in carrying out Independent Audit of Financial Institution(s) (FI(s)) in accordance with the Anti-Money Laundering / Countering the Financing of Terrorism (“AML/CFT”) laws prevailing in Mauritius including the FI’s AML/CFT programme, policies, and procedures with the FIAMLA, FIAML Regulations 2018, and the FSC AML/CFT Handbook.

Ensure that the audit works are complete in terms of presentation, quality of audit work, completeness, and accuracy of audit deliverables.

Assist Seniors in carrying out and performing walkthrough of business processes, identifying key AML/CFT Risk and Controls and designing an appropriate risk control matrix

Responsible for the test on the Design & Implementation and Operating Effectiveness of controls procedures in place as per the relevant risk control matrix.

Responsible for the audit sample preparation for Shareholders, transactions, Eligible Introducers, Omnibus, PEP, Beneficial Owners, and others.

Being able to test the adequacy of the onboarding customer due diligence and enhanced diligence procedures carried out on customers with particular emphasis on high-risk operations (products, service, customer, and geographical locations) in line with KYC onboarding checklist and AML/CFT regulations.

Perform audit sample testing on appropriate transaction as part of inwards and outwards remittances including a review of suspicious transactions reporting in line with AML/CFT regulations.

Responsible to escalate to seniors and UH on matters for which audit deliverables might be compromised.

Being able to attend meetings to discuss any queries raised by the audit team and assist to discuss audit findings with the concerned stakeholders

Responsible to document preliminary audit observations and findings and discuss with team members

Assist to draft the independent AML/CFT Audit Report and Management Letter for reporting purposes.

Ensure a high standard of delivery to clients;

Manage production of client deliverables;

Ensure deliverables are produced and reviewed to a high standard and delivered in a timely manner;

Ensure deliverables are produced in line with the appropriate regulatory standards, local regulations, policies and procedures;

Build excellent working relationships with clients;

Strong interpersonal, team work and attention to detail;

Ensure all work undertaken complies with the client’s documentation, relevant regulatory requirements and anti-money laundering regulations;

Review and recommend changes to client deliverable processes;

Skills Required:

Finance services experience of 3+ years working within a financial environment, Funds experience an advantage.

Good understanding of the Anti-Money Laundering / Countering the Financing of Terrorism (“AML/CFT”) laws in Mauritius.

Relevant professional qualifications e.g. AML, CDD, Compliance, Risk, or equivalent

Experience in Customer Due Diligence (CDD/KYC) on various international corporate structures.

Excellent communication and organisation skills.

Motivated and driven and a team player.

Ability to adapt to change

What you will get in return:

A high level of visibility within a large organisation on an upwards trajectory

The ability to define marketing processes to drive innovation and have a tangible impact on the business

Be part of a dynamic and fast-paced team that makes a genuine impact on the business

Exposure to all aspects of the business, cross-jurisdiction

The opportunity to innovate, bring discipline to brand activity and really make a difference.

Additional information:

We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnicity, age, sexual orientation, socio-economic, responsibilities for dependants, physical or mental disability. Any hiring decision are made on the basis of skills, qualifications and experiences.

We measure our success as a business, not only by delivering great products and services and continually increasing our assets under administration and market share, but also by how we positively impact people, society and the planet.

For more information on our commitment to Corporate Social Responsibility (CSR) please visit https://theapexgroup.com/csr-policy/