As a Compliance Officer and Money Laundering Reporting Officer for Deriv Group’s Cook Islands office, you will provide compliance guidance and develop procedures to ensure regulatory and statutory compliance.

In addition to obtaining an Money Changing and Remittance licence, you will establish standards for compliance with applicable laws, regulations, and licensing requirements.

You will lead in framing and ensuring appropriate policies, procedures, systems, controls, processes, and training are in place.

Your challenges

• Be responsible for the application and maintenance of banking licences
• Ensure Deriv adheres to internal and external compliance and AML requirements, regulations, directives and legislation
• Comply with AML/CFT controls and highlight and report any suspicious activity to the authorities. Assist in the investigations if required
• Provide expert compliance guidance to the Deriv Group, specifically focusing on the Cook Islands operations
• Conceptualise and implement a comprehensive strategy to monitor audits, reviews, and action plans to guarantee compliance
• Develop and implement the compliance monitoring programme periodically to ensure it effectively responds to new developments in regulatory requirements
• Communicate updates to management and the rest of the team regarding any changes and developments in relevant laws, regulations, and requirements. Draft and update policies and procedures accordingly
• Liaise with the Deriv Group’s Head of Compliance and our global Compliance team to ensure a robust and effective aligned holistic compliance framework
• Identify and assess complex compliance and business risks, devise strategies to mitigate potentially adverse compliance and regulatory actions, and share detailed risk assessments and compliance reports with senior management
• Communicate with regulatory authorities and industry standards organisations as required
• Frame and deliver AML training to ensure awareness among team members
• Handle client complaints related to Cook Islands licence
• Manage various responsibilities such as record keeping, filing internal and external reports, and developing and overseeing client onboarding processes
• Conduct KYC and due diligence checks on prospective and current clients

Requirements

• A university degree in a related field
• 5+ years of experience in a compliance role
• Good understanding of Corporate law, AML, Financial Transaction laws, and other relevant legislation in the jurisdiction
• Experience in dealing with regulatory bodies in the Caribbean
• Solid understanding of legal requirements and controls
• Excellent spoken and written English communication skills

What’s Good To Have

• A degree in law
• 3+ years of experience in a similar organisation/industry
• Work experience in a fintech company
• Experience working in a multi-site, fast-paced company

Benefits

• Market-based salary
• Annual performance bonus
• Health benefits
• Casual dress code
• Travel and internet allowances
• Full-time employment contract