Risk & Compliance Officer

Description

1. Ensures that: - • Applicable regulation is complied with by business units and support functions through day-to-day monitoring and regular review of compliance to legislation, regulations and internal policies and controls. • Compliance risks are identified, assessed, controlled through a mitigation strategy and enforced through business and support. 2. Suspicious transactions are identified and reported immediately to the MLRO without tipping off. 3. Review and regularly update Company process/operational manuals and systems to meet external regulatory requirements and internal controls such as mandates, escalations, policies, etc. 4. Identifying areas of compliance weakness and recommend remedial measures in consultation with the CEO’s, Heads of Departments, Compliance Manager, and IT Risk & Compliance Manager. 5. Work with Internal Audit on their recommendation on compliance related issues for implementation. 6. Preparing departmental compliance training material, train staff and third parties across all lines. Work with the Department Heads to increase compliance awareness. 7. Monitoring requests from the authorities and ensures issues raised are addressed promptly 8. Preparing and presenting compliance reports to various stakeholders daily, weekly, monthly, quarterly and annually 9. Coordinating the AML/CTF and other regulatory activities. 10. Conducting continuous audits, reviews and enhancements of compliance on processes/ systems/documents and manuals with reference to laid down policies, regulations, laws and best practices in the line of business 11. Be aware of any regulatory/legal changes affecting clients and the effect of the same on the company. 12. Collaborate with internal, external auditors and HR as required. 13. Monitor timely reporting of all due returns and report non-compliance. and support the team in management of a crisis or compliance violation