PRIMARY GOAL:

To ensure compliance in the Company’s operations in accordance with regulatory requirements, industry standards, and internal policies and procedures.

RESPONSIBILITIES:

1. Perform regular internal audits to assess the company’s adherence to regulatory standards, industry best practices, and internal policies.
2. Review financial records, transactions, and processes to identify discrepancies, errors, or non-compliance.
3. Interpret regulatory requirements and assess the company’s compliance with applicable laws such as anti-money laundering (AML), know-your-customer (KYC), and data protection regulations.
4. Collaborate with the Management to develop and implement compliance policies, procedures, and controls and ensure compliance policies are clearly communicated to employees and consistently enforced throughout the organization.
5. Monitor ongoing compliance with regulatory requirements and internal policies through regular assessments, reviews, and monitoring activities.
6. Prepare compliance reports and documentation for internal stakeholders, senior management, and regulatory authorities as required.
7. Identify potential compliance risks and vulnerabilities within the organization’s operations, systems, and processes.
8. Develop risk mitigation strategies and controls to minimize the company’s exposure to regulatory and operational risks.
9. Investigate allegations of non-compliance, fraud, or unethical behavior within the organization.
10. Take appropriate corrective actions and recommend remedial measures to address compliance deficiencies and mitigate risks.
11. Continuously assess and enhance the effectiveness of the company’s compliance program through feedback, data analysis, and benchmarking against industry standards
12. Implement process improvements and initiatives to strengthen the company’s overall compliance posture and risk management framework.
13. Serve as the primary point of contact for regulatory agencies, external auditors, and other stakeholders on compliance-related matters.
14. Coordinate regulatory examinations, audits, and inspections, and ensure timely and accurate responses to inquiries and requests for information.

REQUIREMENT

1. Bachelor’s degree in Accounting, Finance, Business Administration or a related field is typically required.
2. A minimum of one (1) year prior experience in internal audit, compliance, or risk management roles within the financial service industry is essential.
3. Excellent analytical and problem-solving skills
4. Excellent interpersonal and communication skills
5. Ability to work independently and in a team
6. Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) and any other relevant software
7. Ability to stay abreast of relevant laws, regulations, and guidelines governing the financial service industry.
8. Ability to promote a culture of integrity, accountability, and regulatory compliance within the Company, thereby safeguarding the organization’s reputation, financial stability, and legal standing.