Compliance Officer
4 weeks ago
About Prax
Prax is a British multinational conglomerate dealing in crude oil, petroleum products, and biofuels. Our mission is to conduct business responsibly, prioritizing excellence, integrity, and philanthropy.
Our core business involves production, refining, logistics, and integrated supply and optimization. We have over 1,500 employees across 6 offices worldwide and operate under two brands: Harvest Energy and Prax.
The Legal & Compliance Department is part of Central Services at Prax Headquarters in Surrey. As a Compliance Assistant, you will report to the Group Ethics & Compliance Officer and assist with customer due diligence checks.
Key responsibilities include:
- Implementing and conducting Know Your Customer (KYC) processes and assisting with requests for KYC about the group.
- Providing compliance support to the IS&T, Risk & Corporate Finance teams.
- Performing due diligence checks on new and existing counterparties to identify risks and ensure compliance with applicable laws and regulations.
- Maintaining accurate records of compliance activities and ensuring audit readiness.
- Assisting with creating, implementing, and updating the group Code of Conduct and compliance policies.
- Raising concerns and managing the hotline, Gifts and Entertainment, and conflicts of interest registers.
- Compliance training and keeping up-to-date all compliance registers.
- Data Protection and assisting with all GDPR-related matters.
Requirements
- 2 years of experience with AML compliance.
- Ability to meet demanding deadlines and adapt to business needs.
- Interest in process improvement and implementation of change.
- Advanced MS Office skills.
- Oil industry experience is an advantage.
- Excellent time management, organizational, and multi-tasking skills.
- Possess strong analytical skills.
- Strong communication skills.
- Flexible and adaptable approach.
- 5 days a week in the office.
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