Compliance, Money Laundering Reporting Officer and Data Protection Officer

About us:

Scope Markets Kenya, part of Rostro Group, is a fast-growing financial services provider, offering online trading and offshore investing solutions to clients across the country. Regulated by the Capital Markets Authority (CMA) of Kenya, we are dedicated to delivering top-quality trading infrastructure designed for everyone from beginners to seasoned institutional traders.

We make trading and investing simple, with access to over 40,000 financial instruments on trusted platforms like MT5, IRESS and more. Whether you're just getting started or already have experience, we provide competitive pricing, seamless trading conditions, and endless opportunities to grow wherever you are on your trading and or investing journey.

 The Role:

The  Compliance, Money Laundering Reporting Officer and Data Protection Officer  will play a pivotal role in safeguarding Scope Market's reputation by overseeing and implementing an effective compliance program and ensuring strict adherence to Capital Market Authority, Anti-money Laundering (AML), Know-your-Customer (KYC) and Data Privacy regulations. The role involves collaborating with various departments, assessing risks, and establishing compliance policies and procedures.

 How You Can Make a Difference:

Compliance Oversight

• Develop, implement, and maintain compliance policies, procedures, and controls.
• Conduct regular compliance audits and risk assessments.
• Provide guidance to the company's employees on compliance matters and best practices.

AML and KYC Compliance:

• Serve as the Money Laundering Reporting Officer (MLRO) and be responsible for reporting suspicious activities to relevant authorities.
• Monitor and investigate unusual or suspicious transactions and escalate findings as necessary.
• Stay updated on AML and KYC regulations and ensure the company's processes align with legal requirements.

Data Privacy

• Be appointed as the company's Data Protection Officer.
• Ensure compliance with the Data Privacy Legislation governing the organization.
• Stay updated with any Data Privacy requirements.

Training and Awareness:

• Conduct training sessions to educate employees on compliance, AML/KYC and Data Privacy obligations.
• Foster a culture of compliance awareness throughout the organization.

Regulatory Liaison:

• Act as the primary point of contact for regulatory authorities and ensure timely and accurate responses to inquiries and requests for information.
• Keep abreast of changes in regulations and advise senior management on their impact.

Risk Assessment:

• Identify, assess, and mitigate compliance risks associated with business activities and partnerships.
• Provide recommendations for risk mitigation and process improvements.

Reporting and Documentation:

• Prepare and submit regular compliance reports to senior management and regulatory bodies.
• Maintain accurate records and documentation to demonstrate compliance efforts.

Investigations and Remediation:

• Lead investigations into compliance breaches and coordinate remediation actions.
• Implement corrective measures to prevent future non-compliance.

Other:

• Preparing compliance reports for the Group Compliance Department the Group Data Privacy Committee and the Group Exco
• Working closely with teams, especially the Group Compliance Department developing business goals, schedules and executing successful compliance programs and policies 
• Liaising with the Chief Compliance Officer 
• Liaising with the members of the Group Data Privacy Committee with regards to data privacy matters. 
• Attending bi-weekly meetings with the Chief Compliance Officer and the Group Heads of AML and Compliance function and reporting tasks, reports or anything that is required.
• Legal advice and support to the company on a wide range of legal matters. This includes, but is not limited to, drafting and reviewing Non-Disclosure Agreements (NDAs), Terms and Conditions (T&Cs), advising on human resources (HR) issues, and interpreting new laws relevant to the company's operations.

Requirements:

• Bachelor's degree in Business, Finance, Law, or a related field; an advanced degree is an added advantage.
• Minimum of 3 years' experience in compliance, with a strong focus on AML and KYC.
• Professional certification such as CAMS is strongly preferred.
• Thorough knowledge of AML/CFT, KYC, Capital Markets Authority regulations, and Data Protection laws.
• Experience serving as MLRO and/or DPO is an added advantage.
• Proven experience drafting and reviewing legal documents (NDAs, T&Cs, HR-related legal matters).

 Skills and Competencies:

• Strong understanding of compliance frameworks, monitoring tools, and risk assessment methodologies.
• Ability to conduct compliance audits, investigations, and develop remediation plans.
• Solid legal drafting, interpretation, and advisory skills.
• Proficiency in preparing internal and regulatory compliance reports.
• Ability to stay updated with evolving regulatory and data privacy requirements.
• Strong analytical and problem-solving abilities.
• Excellent communication and interpersonal skills, with the ability to explain complex regulatory matters.
• Ability to work independently, manage multiple priorities, and perform under pressure.
• Strong stakeholder engagement skills, including dealing with regulators and senior management.
• Leadership capability to drive compliance awareness and training initiatives.

 Personal Specifications:

• High ethical standards, integrity, and commitment to regulatory compliance.
• Detail-oriented with excellent organizational habits.
• Proactive, self-driven, and resourceful.
• Sound judgment and discretion, especially when handling confidential or sensitive matters.
• Professional maturity and the ability to exercise objectivity in investigations.
• Commitment to continuous learning and staying current with compliance, AML, and data protection trends.