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.