Compliance Officer (Regulatory & AML/KYC) - MFO

A Compliance Officer in a Microfinance Organization (MFO) "SurfKaz FInance" Fintech in Kazakhstan plays a crucial role in ensuring that the company adheres to legal and regulatory requirements, as well as internal policies. Their responsibilities typically include:

Regulatory Compliance

1. Monitoring Compliance with Laws: Ensuring adherence to Kazakhstan’s financial regulations, including those from the Agency for Regulation and Development of the Financial Market and the National Bank of Kazakhstan.

2. AML/CFT Compliance: Implementing Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) measures according to Kazakhstan’s AML Law and global standards (e.g., FATF recommendations).

3. Licensing & Reporting: Ensuring the MFO maintains necessary licenses and submits regulatory reports on time.

4. Data Protection: Ensuring compliance with Kazakhstan’s Personal Data Protection Law and cybersecurity regulations.

Internal Compliance & Risk Management

1. Developing Policies: Creating and updating internal compliance policies and codes of conduct.

2. Training Employees: Educating staff on compliance requirements and ethical business practices.

3. Risk Assessment: Identifying, assessing, and mitigating compliance risks in fintech operations.

4. Internal Audits: Conducting regular checks to ensure policies are followed.

Fintech & Digital Compliance

1. KYC & Customer Due Diligence: Ensuring robust Know Your Customer (KYC) procedures in digital lending platforms.

2. Fraud Prevention: Detecting and preventing financial fraud, identity theft, and other fintech-related risks.

3. Cross-Border Compliance: If the MFO operates internationally, ensuring compliance with relevant foreign financial laws.

Collaboration with Authorities & Stakeholders

1. Liaison with Regulators: Acting as the main point of contact with Kazakhstan’s financial authorities.

2. Handling Regulatory Inquiries: Responding to audits, inspections, and compliance-related inquiries.

3. Ensuring Ethical Business Practices: Monitoring business conduct to prevent corruption or unethical behavior.