Senior Officer – Compliance Quality Assurance in banking domain

Overview

-Must

-Must

Must

Job Purpose

• Conduct Compliance Reviews

• Coordinate with key stakeholders to align review schedules with organizational objectives.
• Perform detailed reviews to ensure adherence to policies, processes, and controls, ensuring compliance with regulatory requirements and internal policies, including onboarding, trade finance processes, and FCC-related processes such as Sanctions and AML.
• Lead special assurance activities related to high-risk areas or high-risk accounts, including but not limited to PEPs (Politically Exposed Persons), correspondent relationships, and trade finance areas.
• Supervise monitoring of controls related to KYC (Know Your Customer) review processes, account restrictions, and closures.
• Oversee monitoring of account upgrade/downgrade activities and ensure breaches are reported.
• Analyze data and documentation to identify potential compliance issues and areas for improvement.
• Prepare and review assurance reports with findings, recommendations, and action plans for addressing compliance issues.
• Reporting and Documentation:
• Consolidate and document findings from compliance reviews and assurance activities.
• Prepare comprehensive reports for submission to the Head of Compliance. Share the outcome of such reports with IA, in case escalation is warranted
• Ensure accuracy and timeliness in reporting, providing strategic insights and recommendations.
• Develop dashboards and management reports (particularly, for the Compliance and Board Risk Committee) for tracking compliance performance and trends.
• Collaboration and Support:
• Collaborate with other business and operations heads to find permanent solutions for recurring identified errors and ensure compliance.
• Escalate RFIs (Requests for Information) related to breaches to HoC when necessary, ensuring comprehensive reporting and documentation.
• Provide expert guidance and support to business and operations on compliance-related matters.
• Work closely with other compliance functions and key stakeholders to enhance processes.
• When ordinarily carrying out his/ her duties each employee must be extremely vigilant and follow the applicable policies which include, but are not limited to, management of bribery-corruption risk, conflicts of interest, market abuse, and more generally, ethical conduct as described in Code of Conduct and Ethics (as amended)
• Training and Development:
• Ensure the delivery of quarterly training materials and monitor the effectiveness of training, providing comprehensive reports to HoC.
• Stay updated with changes in regulations and industry best practices to ensure continuous improvement in compliance processes.

Experience

• Minimum of 7-10 years of experience in compliance, audit, or risk management.
• Proven track record in managing high-risk areas and leading assurance activities.
• Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist) or equivalent.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in regulatory compliance tools/software.Ability to handle sensitive and confidential information with integrity.

Skills