Lead and oversee the Compliance functions within the Group to ensure the Board of Directors, Management, and Employees are in compliance with the rules and regulations of regulatory agencies, and that company policies and procedures are being followed.
Job Responsibilities
Develop policies and procedures that reflect changes in business, regulation, and developing views on issues in relation to identified risks and the compliance function.
Develop an appropriate compliance communication strategy and facilitate the implementation across the Group.
Keep current on recent compliance and regulatory issues, trends, new laws and regulations, and upcoming developments.
Coordinate the identification and management of compliance risk at the institution-wide level, and ensure that compliance monitoring and testing are carried out consistently across the Group.
Manage and oversee compliance reviews to ensure adequate compliance controls are in place.
Ensure proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.
Ensure that adequate training is provided to employees on relevant legal and regulatory requirements governing the Group's activities.
Ensure the provision of training on Anti-Money Laundering/Counter Terrorism Financing (AML/CTF) & Compliance awareness.
Provide reports on a regular basis, and as directed or requested, to keep the Senior Management and relevant Committee of the Board informed on the status of compliance and progress of compliance efforts.
Collaborate with other departments (e.g., Risk Management, Internal Audit, HCM, etc.)
to direct compliance issues to appropriate existing channels for investigation and resolution.
Consult with the Company's legal adviser as needed to resolve difficult legal compliance issues.
Requirements
Degree in Law/Finance/Accountancy or Economics
Minimum of seven (7) years in compliance, preferably including a combination of banking and regulatory experience
Experience in the insurance & banking industry is a plus
Knowledge of Statutory and Regulatory Compliance Framework and Culture
Understanding of Money Laundering Terrorist Financing (ML/TF)
Experience in the Review of Internal Controls
Seniority levelDirector
Employment typeContract
Job functionConsulting, Legal, and Other
IndustriesInsurance, Financial Services, and Insurance Agencies and Brokerages#J-18808-Ljbffr