Compliance Officer Job

Compliance Officer Job

Job Summary

Reporting to the Compliance Manager, the holder shall Support the Compliance manager to implement the Bank’s Compliance programs. The holder shall work with risk owners to identify, assess and prioritize key compliance risks and advise the Business on mitigating actions or controls, in order to maintain compliance risks within the Bank’s Compliance risk appetite (Zero Tolerance for non-compliance).
This includes reviewing, identifying, updating, monitoring and assessing emerging compliance risks and regulations, monitoring of regulatory compliance, maintenance of the regulatory universe and tracking of all compliance related management actions. The holder shall conduct compliance checks to assess compliance to regulatory requirements, policies and procedures.

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Key Responsibilities of the role

• Support in reviewing of department policies and procedures to align with latest regulatory and Group requirements (applicable compliance key focus areas).
• Support the review of Bank’s policies and procedures against applicable and current regulations. The gaps identified from the review shall be highlighted to the risk owners with recommended improvements and follow up on adoption.
• Support review, adoption and attestation of Group Regulatory Compliance Policy and Risk Management and Compliance Program (RMCP) for the bank and its subsidiary.
• Support business in reviewing policies and procedures to align them with applicable current regulations and guidelines.
• Contribute to the enhancement of compliance risk awareness among staff and promotion of compliance culture in the organization, conducting training on compliance risks, control matters and regulatory compliance.
• Review and develop Compliance checklists and snap checks templates for critical business units and processes.
• Conduct compliance checks to assess compliance with regulatory requirements, policies and procedures.
• Conduct priority Compliance risk assessments within the bank and its subsidiary.
• Support business by conducting compliance risk assessments during launch of new products, review of business model (existing products and services), process reviews and reengineering, implementation of new systems and solutions, etc.
• Monitor and scan through the regulatory ecosystem both local, regional and global for any new regulatory developments e.g. relevant bills in parliament, Acts under review, Legal notices, regulators’ circulars and guidelines, conduct impact assessments on the emerging laws and regulations, preparing a report with recommendations for stakeholders’ action, and updating promptly regulatory universe and compliance tracker for stakeholders’ consumption.
• Engage Management to develop action plans to comply with applicable regulatory requirements, tracking action plans to completion.
• Prepare compliance reports necessary to enable Compliance manager and the Head of Risk and Compliance to advise stakeholders accordingly.
• Follow up on Compliance management actions arising from all assurance findings to ensure timely and quality closure by the respective owners.
• Implement and enforce the board approved KYC, AML, CFT, & CPF policy in as far as is applicable.
• Support Implementation, monitoring and reporting on group related compliance projects, methodologies and policies.

Education

• Bachelor’s degree in business related field.

Desirable

Certification in Compliance Risk management; ACAMS

Knowledge and Skills

• Knowledgeable in Regulatory compliance matters, Compliance Risk management and have working knowledge of banking operations.

Desirable

Data protection and AML/CFT/CPF related Acts and Regulations.

Experience

• 4 years’ experience in a bank or financial institution, with at least 2 years in Compliance or audit functions.

Personal Attributes

• Must be able to work independently with good interpersonal, report writing, Follow through, and project management skills.
• A mature self-starter, self-motivated, proactive, meticulous and committed individual.
• Analytical.
• Attention to detail.
• High level of accuracy with the ability to work with fixed deadlines.

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How to Apply

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