Compliance Officer / Executive Officer

About the Role

KERC is seeking an experienced Compliance Officer / Executive Officer to establish, implement, and maintain a robust compliance framework within the AIFC jurisdiction.
The role is responsible for ensuring that the company fully complies with applicable AIFC Acts, AFSA Rules, the Law of the Republic of Kazakhstan on AML/CFT, and international standards such as FATF Recommendations.

The position plays a key role in protecting the company from regulatory, legal, and reputational risks, ensuring the highest standards of integrity and ethical conduct.

Key Responsibilities

1. Compliance Framework and Governance

• Develop, implement, and maintain a comprehensive Compliance Risk Management Framework, including policies on ethical conduct, AML/CFT, sanctions, KYC, data protection, and conflicts of interest.
• Ensure effective internal controls and adherence to AFSA regulatory requirements.
• Oversee documentation and fulfilment of all licensing and regulatory obligations.
• Promote compliance with AFSA Conduct of Business Rules, including fair dealing and market conduct standards.

2. Compliance Monitoring and Testing

• Design and execute a Compliance Monitoring Plan (CMP) to assess ongoing adherence to laws, regulations, and internal policies.
• Maintain a register of breaches and ensure timely implementation of corrective actions.
• Prepare and submit monitoring reports to senior management and AFSA.

3. Policies and Procedures

• Develop, review, and update the Compliance Manual, Code of Conduct, Conflicts of Interest Policy, and Whistleblowing Policy.
• Ensure timely notification to AFSA regarding material changes, breaches, or incidents.
• Conduct regular policy reviews to ensure compliance with evolving legal and regulatory requirements.

4. Confidential Reporting and Ethics

• Maintain an independent and confidential whistleblowing mechanism for employees.
• Oversee investigation and resolution of reported issues.
• Promote a strong culture of ethics and professional integrity across the organization.

5. Advisory and Regulatory Guidance

• Advise the Board of Directors and senior management on compliance matters, regulatory developments, and legal risks.
• Interpret and implement AFSA/AIFC requirements.
• Provide compliance input in strategic and operational projects.

6. Training and Awareness

• Develop and deliver an annual compliance training programme covering AML/CFT, sanctions, conflicts of interest, and ethics.
• Maintain training records and ensure full participation of all staff.
• Conduct induction training for new employees.

7. Liaison with Regulators and Authorities

• Act as the primary point of contact with AFSA for compliance and reporting matters.
• Ensure timely submission of all regulatory reports, notifications, and responses.
• Coordinate and support AFSA inspections, independent audits, and consultations.

8. Record-Keeping and Audit Support

• Maintain accurate documentation of all compliance activities for a minimum of five years.
• Support internal and external audits and provide documentation as required by AFSA.

Candidate Requirements

Education

• Bachelor’s or Master’s degree in Law, Economics, Finance, or Business Administration.

Experience and Qualifications

• Minimum 3–5 years of experience in compliance, regulatory affairs, audit, or financial control.
• Strong knowledge of AFSA Rules, AIFC Acts, AML/CFT legislation of Kazakhstan, and FATF standards.
• Professional certifications such as ICA, CAMS, CISI, or ACAMS are an advantage.

Personal Attributes

• Analytical mindset and strong attention to detail.
• High integrity, objectivity, and professional ethics.
• Ability to make independent, well-reasoned decisions.
• Excellent command of English and Russian, both written and spoken.