Compliance Manager and MLRO
Confidential
Posted: February 17, 2026
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Required Skills
Job Description
This role is designed for a Payment Intermediary Services (PIS) Licensee regulated by the Financial Services Commission (FSC) Mauritius, in line with FIAMLA 2002, FIAMLR 2018, and the FSC AML/CFT Handbook.
ROLE PURPOSE
The MLRO and Compliance Manager oversees the AML/CFT/CPF and regulatory compliance framework, ensures adherence to legislative and regulatory obligations, manages STR reporting, oversees risk assessments, and maintains direct reporting access to the Board.
KEY RESPONSIBILITIES
MLRO Responsibilities
Assess internal suspicious activity reports.
File Suspicious Transaction Reports (STRs) electronically with the FIU.
Act as FIU liaison.
Maintain unrestricted access to records.
Maintain STR audit trails.
Compliance Responsibilities
Maintain AML/CFT/CPF policies and monitoring.
Conduct and update Business Risk Assessment (BRA).
Maintain CDD, EDD and ongoing monitoring controls.
Oversee transaction monitoring.
Lead independent AML audits and remediation.
Maintain compliance register.
Deliver Board reporting.
Conduct regulatory training.
Governance & Independence
Direct access to the Board.
Oversight of outsourcing and third‑party reliance.
Independence to escalate compliance issues.
REQUIRED SKILLS AND COMPETENCIES
Minimum 5 years AML/CFT compliance experience.
Strong knowledge of FIAMLA, FIAMLR 2018 and FSC AML/CFT Handbook.
Experience with FIU STR processes.
High integrity and confidentiality.
FIT AND PROPER CRITERIA (ALIGNED TO FSC EXPECTATIONS)
To be appointed as MLRO, Compliance Officer the individual must:
Demonstrate honesty, integrity, reputation, and financial soundness.
Possess qualifications and experience aligned with FSC competency standards.
Be free from conflicts of interest and maintain independence.
Have no criminal or regulatory sanctions relating to financial crime, dishonesty, or misconduct.
Demonstrate the capability to carry out AML/CFT obligations effectively.
Maintain continuous professional development in AML/CFT and regulatory matters.
The role is a key control function under FSC oversight and must meet fit‑and‑proper,
competency, and seniority requirements.