Compliance and Systems Officer – KYC and Sanctions Compliance

Job Objective

As a Compliance and Systems Officer you will be responsible for supporting the Compliance and Systems Manager in ensuring that the organization complies with all regulatory requirements relating to Know Your Customer (KYC), sanctions and procedural compliance.

Responsibilities

KYC Compliance

• Assist in the development and implementation of KYC policies and procedures in line with regulatory requirements.
• Ensure thorough due diligence processes for onboarding new customers and vendors and periodic review of existing customers and vendors.
• Conduct customer due diligence (CDD), enhanced due diligence (EDD), and ongoing due diligence (ODD) for high-risk clients.
• Monitor and evaluate customer and vendor risk profiles and ensure proper documentation and compliance with regulatory requirements.
• Ensure compliance with internal KYC and sanctions policies and regulatory requirements.
• Conduct periodic review and audits to verify adherence to KYC procedures and regulatory expectations and to identify gaps and recommend improvements.
  
  

Sanctions Compliance

• Monitor the compliance with the Sanctions policy.
• Stay updated on changes and new sanctions regulations and communicate changes to relevant stakeholders and recommend changes to compliance processes as required.
• Monitor compliance with international and local sanctions regulations (e.g., OFAC, EU, UN).
• Conduct sanctions screening for customers, transactions, and third-party vendors using approved systems.
• Investigate sanctions screening alerts, escalating any confirmed matches to management as required.
• Assist in maintaining the sanctions compliance register and associated documentation.
  
  

Anti-Corruption Compliance

• Monitor the compliance of all offices and ships with the Ethical Ship Operations policy.
• Support in the investigation of corruption cases that occur within the Company.
• Review and analyse data in relation to corruption compliance, providing feedback to offices.
  
  

Regulatory Support and Reporting

• Assist in preparing reports for regulatory authorities on KYC and sanctions compliance matters.
• Support regulatory inspections and audits by providing documentation and responding to inquiries.
• Maintain accurate records of compliance activities, including KYC reviews and sanctions investigations.
  
  

Training and Awareness

• Provide KYC and sanctions compliance awareness. Support HRS in maintaining training platform content.
• Promote a culture of compliance and risk awareness across the organization.
  
  

Risk Management and Monitoring and Escalation

• Identify and assess compliance risks.
• Support the implementation of risk-based strategies for compliance monitoring and issue escalation.
• Contribute to the development and implementation of transaction monitoring systems to identify suspicious activities.
• Escalate identified risks, compliance breaches, or suspicious activities to Management promptly.
  
  

Team Collaboration

• Collaborate closely with Group LPSQ and other departments to ensure the efficient operation of compliance activities.
• Work closely with business units to address and resolve compliance-related issues.
  
  

Requirements

Education & Qualifications

• Bachelor’s degree in finance, Law, Business Administration, or a related field.
• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or ICA (International Compliance Association) are an advantage.
  
  

Work Experience

• Minimum 3 years of experience in KYC, sanctions, or compliance roles within financial services or a regulated industry.
• Familiarity with regulatory frameworks for AML, KYC, and sanctions compliance.
  
  

Job-Specific Skills

• Proficiency in compliance-related tools and software for KYC and sanctions screening.
• Knowledge of the maritime industry is an advantage.
• Ability to manage multiple priorities and work under pressure.
• Strong analytical and investigative skills.
• Effective communication and interpersonal skills.
• Attention to detail and ability to adhere to deadlines
  
  

Benefits

The BSM community benefits from:

• Annual performance bonus
• Flexible working hours and home-office entitlement
• My door is always open policy by leaders
• 24/7 mental health support