This job is overseeing compliance with laws and internal policies.
You might like this job because it involves developing policies, conducting audits, and training employees on compliance matters.
The Compliance Officer will be responsible for overseeing the organization's compliance with regulatory requirements and internal policies.
This includes implementing and managing an effective compliance program, conducting regular audits, training staff on compliance matters, and ensuring the Company's operations adhere to legal and ethical standards.
Key Responsibilities
Regulatory Compliance:Ensure the Company complies with all applicable laws, regulations, and standards.
Monitor and interpret new laws, regulations, and industry trends to update compliance practices accordingly.
Liaise with regulatory bodies and ensure all required reporting and documentation are submitted timely and ensure proper documentation of review.Policy Management:Develop, implement, and maintain compliance policies and procedures.
Regularly review and update company policies to align with current regulations.
Communicate and enforce compliance policies across the organization.
Work closely with the Company's business and legal functions to monitor and test the adequacy of the Company's compliance and risk management efforts.Audits and Investigations:Develop compliance audit plan and conduct internal audits to ensure compliance with company policies and regulatory requirements.
Investigate compliance issues, breaches, or complaints and recommend corrective actions.
Prepare reports on compliance activities, audit findings, and any non-compliance incidents.Training and Development:Develop and deliver compliance training programs for employees.
Educate staff on legal requirements, ethical standards, and the importance of compliance.
Ensure all employees understand their responsibilities related to compliance.
Identify potential compliance risks related to money laundering, terrorist finance, and other financial crimes and develop strategies to mitigate them.
Work closely with the risk management team to assess and manage organizational risks.
Maintain a risk-based compliance monitoring program and perform annual risk assessments on internal control systems and operation procedures and recommend solutions to mitigate the identified risks and improve controls.Reporting:Report on compliance activities to senior management and the board of directors.
Provide regular updates on compliance trends, risks, and the effectiveness of compliance programs.
Maintain records of compliance activities, including investigations, audits, and training sessions.Any other duties as assigned from time to time.
Job RequirementsQualifications and Requirements:
Bachelor's degree in Financial, Business Administration, or a related field.
Minimum of5years experience in compliance, risk management, or a related field.
In-depth knowledge of regulatory requirements and compliance standards relevant to the P2P or financial industries.
Excellent communication skills and attention to detail.
Candidates from Banks or FinTech environments will have an added advantage.#J-18808-Ljbffr