Job Purpose
Contribute to development an effective Assurance framework within Compliance.
Provide assurance to Compliance Senior Management on the effectiveness of the Compliance Program.
Collaborate with other Compliance verticals to ensure that internal controls are working effectively.
Oversight on key compliance risk to ensure that the provision of the regulations, standard/procedures are met.
Pro-actively and promptly escalate any critical issues within Compliance and/or Business to ensure that the Bank is not investigated, charged, fined or publicly castigated by any of the regulatory authorities
Responsibilities
Assist in development and implementation of an effective independent Quality Assurance framework across Compliance Function including international locations.
Execute periodic reviews as part of monitoring & testing to ensure Bank’s internal procedures/policies remain compliant; providing guidance as necessary.
Conduct independent validation of Compliance Systems (Screening / Payment / Transaction Monitoring system)
Track implementation of recommendations & regularization of exceptions, if any, identified during periodic assessments.
Exchange insights and best practices.
Provide necessary guidance to other compliance units in finalizing the relevant procedures of their respective unit.
Assist Head Office Compliance in annual review & update of Compliance Policies – Banks’ AML/ KYC/ Sanction and ABC Policy.
Promote positive compliance culture across the Bank. Track adherence to planned trainings submitted by ECFs. Also, liaise with ECFs to ensure that learnings from periodic assessments / regulatory updates are incorporated in training materials (as necessary).
Assist Unit Manager & Group Head of Compliance in the implementation of strategic initiatives.
Represent Compliance in any project as directed by Unit Manager/ Head of Compliance.
Operating Environment, Framework and Boundaries, Working Relationships
Operates in complex environments that are characterized by diverse local and international regulations; thus requiring multi-jurisdictional knowledge.
In-depth familiarity with banking law and practices as well as Bank’s policies and procedure and systems.
Problem Solving
Analytical thinking is required because of the complex and unique nature of customer / country / regulations / systems or a combination.
Clear understanding of business transactions, initiatives and relationship requirements with close coordination with relationship team without losing focus on risk, regulations and control issues.
Efficient and logical approach to problem solving.
Knowledge, Skills and Experience
Graduate with 10+ years of banking experience, with at least 5 years of experience in Financial Crime including Sanctions Compliance.
Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
Excellent and up-to-date knowledge and understanding of the International/OFAC/EU/UN Sanctions.
Technical knowledge of Screening Filters used for customer screening and payments filtering and Transaction Monitoring System.
ACAMS Certified/other recognized certification.
Organizational awareness including working knowledge or risks, products, processes and controls.
Computer literate with good knowledge of MS Excel and Compliance systems/applications.
Good command over spoken and written English.
Good presentation skills.