Compliance Manager/Senior Compliance Manager
Company Overview:
Mitrade is a CFD & forex broker, founded in Melbourne, Australia, now operating as a global brand, under partner entities.
Role Summary:
This pivotal role will be instrumental in ensuring our operations strictly adhere to all relevant Australian financial services laws and regulations, particularly those governing OTC Derivatives (CFDs). You will be a key subject matter expert, guiding the business, managing regulatory relationships, and fostering a robust culture of compliance.
Responsibilities
* Regulatory Compliance & Policy Management: Develop, implement, and maintain comprehensive compliance policies, procedures, and internal controls in line with the regulatory framework.
* Regulatory Compliance & Policy Management: Proactively monitor and interpret new and evolving regulatory requirements, assessing their impact on the business and advising senior management on necessary changes.
* Regulatory Compliance & Policy Management: Ensure all marketing materials, website content, and client communications comply with regulatory and company advertising guidelines.
* DDO (Design and Distribution Obligations): Oversee the review and ongoing effectiveness of Target Market Determinations (TMDs), ensuring they clearly define positive and negative target markets.
* DDO (Design and Distribution Obligations): Work closely with Product and Onboarding teams to ensure client onboarding processes (e.g., questionnaires, knowledge tests) effectively test against TMDs and meet "reasonable steps" obligations.
* DDO (Design and Distribution Obligations): Design and implement robust ongoing monitoring processes to identify and prevent trading outside the target market, leveraging client data effectively.
* AML/CTF Compliance: Maintain and enhance the company's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program in accordance with AUSTRAC requirements.
* AML/CTF Compliance: Oversee customer due diligence (CDD), enhanced due diligence (EDD), and ongoing customer monitoring processes.
* AML/CTF Compliance: Ensure timely and accurate submission of Suspicious Matter Reports (SMRs), Threshold Transaction Reports (TTs), and International Funds Transfer Instruction (IFTIs) to AUSTRAC.
* AML/CTF Compliance: Conduct periodic AML/CTF risk assessments and ensure appropriate controls are in place.
* Breach Management & Investigations: Identify, investigate, and report breaches or potential breaches of regulatory obligations in a timely manner.
* Breach Management & Investigations: Manage the breach register and ensure appropriate remediation actions are taken.
* Breach Management & Investigations: Oversee complaint handling processes in accordance with ASIC and AFCA requirements, identifying and escalating systemic issues.
* Training & Culture: Develop and deliver comprehensive compliance training programs to all relevant staff, ensuring a high level of awareness and understanding of regulatory obligations.
* Training & Culture: Promote a strong compliance culture throughout the organisation.
Qualifications & Requirements
* Bachelor's degree in law, Finance, Business, Commerce, or a related field.
* RG146 in Derivatives and FX (desirable)
* Minimum of 5+ years of dedicated regulatory compliance experience within the Australian financial services industry, with a strong focus on CFD industry.
* In-depth knowledge of the CFD regulatory framework, including the Corporations Act 2001, ASIC, AFCA, AUSTRAC.
* Proven experience in developing, implementing, and maintaining compliance policies and procedures.
* Experience with regulatory reporting tools and processes.
* Excellent analytical, problem-solving, and decision-making skills.
* Strong communication (written and verbal), interpersonal, and presentation skills, with the ability to articulate complex regulatory issues clearly to diverse audiences.
* Excellent command of both Chinese and English in written and spoken to communicate with Chinese speaking counterparts from other regions
* High level of integrity, attention to detail, and a proactive approach to compliance.
* Ability to work independently and collaboratively in a fast-paced, dynamic environment.
* Full eligibility to work in Australia
* Experience in managing or mentoring junior compliance staff.
* Experience working with staff and teams overseas
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Legal
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