SB Finance | Compliance Assurance Officer

POSITION TITLE : COMPLIANCE ASSURANCE OFFICER REPORTS TO : HEAD OF COMPLIANCE AND DATA PROTECTION OFFICER DIRECTLY SUPERVISES : N/A UNIT/DEPARMENT : COMPLIANCE DIVISION/ GROUP : COMPLIANCE JOB SUMMARY The Compliance Assurance Officer shall be r esponsible for ensuring implementation and compliance with applicable, laws, rules, regulations, internal policies, procedure and guidelines of the Company including the Anti-Money Laundering Act, as amended, Counter Terrorism Financing and other financial crimes. Directly responsible for implementing standards, policies, methodologies, guidelines or procedures for testing. PRINCIPAL DUTIES AND RESPONSIBILITIES 1. Test adequacy of controls in place within the business and to identify potential and actual breaches 2. To escalate regulatory breaches to the respective Head of the Department or Division, and Senior Management through the Head of Compliance Department in order that the appropriate action can be undertaken to rectify. 3. To monitor the action taken to address or rectify the noted breaches and prepare or produce monitoring reports to both Business and Senior Management relevant to Compliance Monitoring and Review. 4. Manage the planned production, delivery and completion of compliance monitoring plans. 5. Develop and maintain the ability to support decision with sound reasoning, supported by laws, rules, regulations or internal policies or best practices and understand the business risk to articulate business and regulatory implications in relation to the findings 6. Maintain and keep of abreast of applicable regulatory issuance and relate to the conduct of compliance testing. 7. Other functions that may be assigned from time to time. It is accepted and understood that the employee may perform other related tasks which may be assigned from time to time. JOB QUALIFICATIONS Years of Work Experience: 1 – 4 years Educational Attainment/ Required course (if applicable): Bachelor’s Degree in Business, Management, Economics, Legal Management or any related course Required Certification/ Professional License (if applicable): Certified AML Specialist (desirable), Certified Sanctions Specialist (desirable), Certified Internal Auditor (CIA) desirable, Certified Public Accountant (CPA) desirable Field of Specialization ( if applicable ): Compliance, Audit or Risk or functions that has coordination with the three field of specialization. Working experience in the Banking Industry or any Financial Institution (desirable) Knowledge and Skills Requirement : · Experience in compliance, audit, risk covering multiple areas; · Knowledge of key current regulatory change initiatives and impacts on business; · Strong interpersonal skills with the ability to communicate effectively with both Compliance and Business; · Ability to support decisions with sound reasoning. · Ability to clear articulate business and regulatory implications of analysis and findings; · Highly motivated self-starter with proven ability to work collaboratively within teams and to deliver on time.