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JOB PURPOSE:

Primarily to provide Compliance Advisory support to Enablement Functions with a focus on Operations, Credit and Finance, collaborating with relevant business compliance coverage.   

The role holder will also be responsible for supporting the Head of Compliance Advisory in relation to governance and reporting and act as the liaison with Regulatory Compliance in relation to Compliance Advisory with a particular focus on RFIs and Regulatory Developments.

This is a senior role within Compliance Advisory, where the incumbent will be expected to support the management team to effectively delivery the compliance programme.

KEY ACCOUNTABILITIES:

Job Specific Accountabilities

In relation to Compliance Advisory coverage of Enablement:

• Being a trusted adviser and compliance SME to the coverage area, providing function specific regulatory and compliance guidance, oversight and coverage.
• Supporting the coverage area to foster an open and co-operative relationship with regulatory authorities and exchanges relevant to the entities of the business and registrations as relevant to the coverage responsibilities.
• Supporting the coverage areas during regulatory reviews and examinations and assisting in the formulation of management action plans in relation to regulatory findings.
• In partnership with Regulatory Compliance, providing support and expertise in developing and implementing policies and procedures to assist in the compliance with applicable laws and regulations, pertinent to the coverage area.
• Educating employees through regular training and awareness sessions to promote compliance with applicable laws, regulations and policies.
• Performing an annual compliance risk assessment to identify key compliance residual risks and develop a M&T plan for the coverage area in partnership with the Compliance Assurance Team.
• Contributing to the preparation and filing of compliance-owned periodic regulatory reporting and requests by local regulators.
• Investigating actual or potential breaches of law, regulation or policy and escalate material compliance matters to senior management.
• Representing Compliance at governance meetings and relevant operational forums, reporting on key regulatory updates and compliance risks.
• Reviewing and supporting new business projects and new product development.
• Providing updates to the coverage area on relevant hot topics and regulatory changes, best practices, market news and pertinent international regulations.
• Partnering closely with relevant business compliance coverage in relation to the above accountabilities.
• Provide support to the Head of Compliance Advisory for the delivery of N2 Scorecard KPIs; Ensure Compliance Advisory N3 KRIs and KPIs are tracked and reported on in a timely manner.
• Be the Governance Reporting SPOC for Compliance; collating key data and coordinating production of monthly Compliance Risk Dashboards.
• Act as the Regulatory Compliance Liaison for Group Compliance Advisory. Specifically:
  • Regulatory RFIs; Assist in tracking regulatory RFIs to completion with the internal SPOCs; Ensure SPOC validation and signoffs are in place and share the completed RFI with Regulatory Compliance.
  • AML CTF Survey and Quarterly RBS; Disseminate both surveys to SPOCs, and act as Regulatory liaison and facilitation with internal stakeholders; Ensure SPOC validation and signoffs are in place and consolidation of the data and proceed with a sanity check before submission to Regulatory reporting team and the Risk management team.
  • Regulatory Change and Developments; Assist the Business/Enablement function in conducting a detailed gap analysis based on initial applicability assessment provided by Regulatory Compliance; Support and assist the Business providing advice on the Regulation and Support and assist the Business providing advice on the Regulation.

Minimum Qualification

• Bachelor’s or Master’s degree in management, business, banking, or finance, preferably with a certification in compliance.

Minimum Experience

• Minimum of 10 years of experience in the financial services industry.
• Experience in leading and managing compliance initiatives to execution (e.g., Reporting, Control testing, Risk Assessment)
• Strong interpersonal, people management and facilitation skills with good leadership skills.
• Excellent project management skills.
• Excellent analytical skills and ability to support decisions with sound reasoning.
• Team player, able to meet tight deadlines and manage a challenging workload.
• Focused on driving tasks to completion, whilst retaining a high level of attention to detail and accuracy.
• Excellent communication skills, as the role requires constant communication with other functions within the Compliance.