Compliance Manager/Senior Compliance Manager

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 #J-18808-Ljbffr