Job Description
Implement recommendations made by international bodies such as United Nations, European Union, FATF, Basel, Wolfsberg etc. Ensure compliance of various sanctions embargos such as OFAC, EU, UN etc. and ongoing update of bank's sanctions matrix.Support business by providing compliant solutions and/or identifying strategic risks. Intervene where necessary to stop a transaction, process business proposal if not in compliance with the regulatory requirements and/or international best practices.
Provide assurance to Management that all processes/controls at IBG branches are in line with regulatory requirements. Pro-actively escalate critical issues (compliance / regulatory) that affect the bank; take timely actions to ensure bank/branch is not investigated, charged, fined or publicly castigated by any regulatory authority in any location.
Assist business in obtaining regulatory approvals wherever possible; New Branches / representative office Licenses, Product Launches, Outsourcing, Mergers / Acquisitions etc.
Participate and support HO-Compliance in bank wide projects relating to Compliance, provide input/recommendations, conduct special investigations I reviews. Roll-out systems and initiatives across IBG branches as per the guidelines of HO Compliance
