Job Purpose:
Maintaining a strong compliance culture within the organization by ensuring full adherence to regulatory requirements and successfully managing compliance risk in order to prevent and minimize business risk.
Accountabilities:
- Establish and execute a compliance monitoring program to assess the effectiveness of internal policies, controls, and procedures. Analyze data to identify trends, potential risks, and improvement areas, and prepare comprehensive compliance reports and presentations for the Chief Compliance Officer (CCO) and relevant stakeholders, highlighting deficiencies and areas of concern.
- Ensure the existence, maintenance, and regular update of all required policies, procedures, and essential corporate documents, including business license renewals, to maintain full compliance with regulatory, legal, and statutory requirements and to support business continuity.
- Conduct periodic compliance risk assessments by reviewing internal controls and monitoring regulatory adherence, identifying potential non-compliance areas, and designing and implementing remedial action plans in coordination with relevant departments.
- Stay continuously updated on regulatory laws, amendments, and industry standards, interpret regulatory changes, assess their impact on the organization, and ensure timely communication and implementation of necessary compliance measures.
- Review all departmental policies and procedures, monitor their effective implementation, and report findings to management, recommending corrective and preventive actions where required.
- Ensure full AML/CTF compliance by monitoring unusual or suspicious client activities, coordinating internal investigations, and reporting suspicious cases to the relevant authorities, ensuring proactive business risk mitigation.
- Manage and resolve client complaints by thoroughly understanding client concerns, coordinating with internal stakeholders for proper investigation and resolution, and ensuring high levels of client satisfaction.
- Manage and coordinate with external legal counsel on legal matters to ensure proper and timely handling of legal issues.
- Liaise with external regulatory authorities, prepare and submit required regulatory reports and documentation accurately and within prescribed timelines.
- Oversee corporate governance implementation, including reviewing and managing third-party agreements and contracts.
- Ensure the company's full adherence to regulatory requirements and industry standards through ongoing monitoring and reporting.
- Review client contracts and documentation to ensure accuracy, completeness, and compliance with applicable regulatory requirements.
Job Requirements:
- Bachelor's degree in a relevant discipline (Business, Finance, Law, or related field).
- MBA is considered an added advantage.
- Minimum of 7 years of professional experience within a financial institution environment.
- Proven experience in risk advisory, regulatory compliance, and corporate governance at a senior level.
- Strong understanding of Financial Regulatory Authority (FRA) regulations and compliance requirements.
- Holder of a Certified Compliance qualification and valid FRA Compliance License.
Core Competencies & Skills:
- Excellent report writing and documentation skills.
- Strong strategic thinking and planning capabilities.
- Effective communication and interpersonal skills.
- High standards of integrity and business ethics.
- Strong attention to detail and organizational abilities.
- Advanced analytical and problem-solving skills.
- Proficient in Microsoft Office Suite.
- Solid knowledge of Compliance and AML policies & manuals.
