Job Purpose

Provide management with independent and objective compliance oversight in line with the Enterprise Risk Management Framework

Key Responsibilities/Tasks

1. Regulatory Compliance Oversight:
   1. Primary responsibility is to maintain a comprehensive understanding of all relevant country and local banking laws, regulations, and guidelines.
   2. Continually monitor the regulatory landscape, staying vigilant for changes that may affect our operations.
   3. Collaborate closely with the legal and regulatory affairs teams to interpret and implement compliance changes effectively, ensuring that our bank always remains in strict compliance.
2. Policy Development and Enhancement:
   1. Spearhead the development, review, and updating of our bank's compliance policies, procedures, and manuals and ensure they are uploaded in the intranet.
   2. Ensure that our policies reflect the most current regulatory requirements and that they are clearly communicated to all relevant departments and personnel.
3. Risk Assessment and Mitigation:
   1. Responsible for conducting comprehensive risk assessments across all facets of our bank's operations on compliance risk.
   2. Guide the identification of potential compliance risks, enabling you to develop strategies and action plans to mitigate these risks effectively.
   3. Continually monitor the effectiveness of these strategies, making adjustments as necessary to maintain compliance.
4. Training and Education:
   1. Design and deliver comprehensive compliance training programs for our employees.
   2. Programs will be tailored to the specific roles and responsibilities of different staff members.
   3. Establish and oversee continuous education initiatives to ensure that our staff remains informed about evolving regulations and compliance expectations.
5. Reporting and Documentation:
   1. Prepare and submit regular compliance reports to our senior management and relevant regulatory authorities.
   2. Ensure that our compliance records are well-organized and up to date, facilitating easy retrieval when needed.
6. Internal Audits and Reviews:
   1. Conducting periodic internal compliance audits and reviews will be a core part of your responsibilities.
   2. Identify any instances of non-compliance, and you will collaborate closely with our audit and risk management teams to address and rectify any compliance deficiencies promptly.
7. Investigations and Incident Management:
   1. When compliance-related incidents arise, such as customer complaints, potential fraud, or suspicious transactions, you will lead the investigations into these matters.
   2. Implementing corrective actions and preventive measures to mitigate future risks will be essential in your role.

1. Regulatory Compliance Oversight:
   1. Primary responsibility is to maintain a comprehensive understanding of all relevant country and local banking laws, regulations, and guidelines.
   2. Continually monitor the regulatory landscape, staying vigilant for changes that may affect our operations.
   3. Collaborate closely with the legal and regulatory affairs teams to interpret and implement compliance changes effectively, ensuring that our bank always remains in strict compliance.
2. Policy Development and Enhancement:
   1. Spearhead the development, review, and updating of our bank's compliance policies, procedures, and manuals and ensure they are uploaded in the intranet.
   2. Ensure that our policies reflect the most current regulatory requirements and that they are clearly communicated to all relevant departments and personnel.
3. Risk Assessment and Mitigation:
   1. Responsible for conducting comprehensive risk assessments across all facets of our bank's operations on compliance risk.
   2. Guide the identification of potential compliance risks, enabling you to develop strategies and action plans to mitigate these risks effectively.
   3. Continually monitor the effectiveness of these strategies, making adjustments as necessary to maintain compliance.
4. Training and Education:
   1. Design and deliver comprehensive compliance training programs for our employees.
   2. Programs will be tailored to the specific roles and responsibilities of different staff members.
   3. Establish and oversee continuous education initiatives to ensure that our staff remains informed about evolving regulations and compliance expectations.
5. Reporting and Documentation:
   1. Prepare and submit regular compliance reports to our senior management and relevant regulatory authorities.
   2. Ensure that our compliance records are well-organized and up to date, facilitating easy retrieval when needed.
6. Internal Audits and Reviews:
   1. Conducting periodic internal compliance audits and reviews will be a core part of your responsibilities.
   2. Identify any instances of non-compliance, and you will collaborate closely with our audit and risk management teams to address and rectify any compliance deficiencies promptly.
7. Investigations and Incident Management:
   1. When compliance-related incidents arise, such as customer complaints, potential fraud, or suspicious transactions, you will lead the investigations into these matters.
   2. Implementing corrective actions and preventive measures to mitigate future risks will be essential in your role.

8. Anti-Money Laundering (AML) Program Oversight:

a. Managing our bank's AML program.

b. Oversee crucial components such as customer due diligence, transaction monitoring, and the reporting of suspicious activities.

c. Staying updated on emerging AML threats and regulatory changes.

9. Privacy and Data Protection:

a. Encompasses ensuring that our bank strictly complies with data privacy laws and regulations.

b. Safeguarding customer information and developing and maintaining robust data protection standards and practices.

10. Vendor Risk Management:

a. You will evaluate and manage compliance risks associated with third-party vendors and service providers.

b. Your role will involve ensuring that vendor contracts incorporate necessary compliance-related clauses and requirements.

Compliance Risk:

• ·       Daily monitoring of transactions and report any suspicious transactions to Head of Risk and Compliance

 Audit Compliance

• ·       In liaison with Heads of Departments, follow up on Audit Agreed Recommendation Plans (ARP) queries and reports

 Administration:

• ·       Inform and advice the management regarding proposed and pending regulatory changes.
• ·       Support the Head of Risk and Compliance in preparing risk-related reports eg. MRC,  Board papers etc.
• ·       Prepare training materials for risk and compliance-related training whenever required.
• ·       Perform any other duties as may be assigned by the immediate supervisor from time to time

Skills, Knowledge, and Abilities

• ·       Knowledge of banking industry and banking regulatory frameworks
• ·       Critical Thinking and Problem-Solving skills
• ·       Analytical and Math Skills
• ·       Knowledge on Microsoft Applications
• ·       Interpersonal Skills
• ·       Communication skills

Academic / Professional Qualifications

·       Bachelor’s degree in business administration, Banking, Finance or related field

Working Experience Required

·       A minimum of 3 years working experience