Manager Compliance Assurance

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.