Develop and oversee control systems to prevent or address violations of legal, regulatory, and internal policy requirements.
Draft, review, modify, and implement policies, procedures, and compliance frameworks to support organisational objectives and regulatory obligations.
Periodically review procedures, reports, and operational processes to identify hidden risks, control gaps, and instances of non-compliance.
Evaluate the effectiveness of compliance controls and recommend continuous improvements.
Regulatory Compliance & Monitoring:
Monitor compliance with applicable laws, regulations, guidelines, and industry standards.
Stay abreast of regulatory developments and emerging best practices, assessing their impact on organisational operations.
Interpret regulatory circulars and communicate their implications for business activities and compliance requirements.
Coordinate and ensure timely responses to regulatory reviews, audits, examinations, and identified exceptions.
Prepare and submit compliance reports for senior management, regulators, and other relevant stakeholders.
Risk Assessment & Control:
Conduct compliance risk assessments to identify, measure, monitor, and mitigate compliance risks across the organisation.
Assess proposed business initiatives, products, and strategic ventures to identify potential compliance and regulatory risks.
Monitor compliance through testing, reviews, spot checks, inquiries, investigations, and control assessments.
Follow up on identified deficiencies and formulate practical recommendations for remediation and process enhancement.
Support the implementation and monitoring of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) controls, including risk detection tools and reporting requirements.
Advisory & Stakeholder Engagement:
Serve as the primary point of contact for compliance related queries and advisory support across the organisation.
Provide risk based compliance advice and guidance to management and business units on regulatory requirements, policy interpretation, and emerging compliance risks.
Assess the compliance implications of new products, initiatives, partnerships, and strategic business activities, providing practical recommendations to support decision making.
Collaborate with Legal, Human Resources, Risk Management, Internal Audit, and business units to ensure compliance requirements are effectively embedded in operations.
Review the work of colleagues and business units where necessary to identify compliance issues and provide guidance, advice, or training.
Escalate significant compliance concerns and recommend appropriate remediation actions where necessary.
Promote a culture of ethical conduct, regulatory compliance, and accountability throughout the organization.
Reporting & Continuous Improvement:
Provide periodic compliance updates, dashboards, and risk reports to management.
Track regulatory findings, remediation actions, and compliance improvement initiatives to ensure timely closure.
Support continuous enhancement of compliance monitoring methodologies, tools, and reporting capabilities.
Qualifications
Bachelor's degree in law, Finance, Business Administration, or a related discipline.
Professional compliance certification (e.g., CAMS, ICA, CRCM, Certified Compliance Professional, or equivalent) will be an added advantage.
5-7 years of progressive experience in Compliance, Risk Management, Internal Control, Audit, or related functions.
Experience within a regulated industry, preferably banking, financial services, fintech, or a similar environment.
Demonstrated experience in compliance monitoring, regulatory engagement, policy development, and compliance risk management.
In-depth knowledge of regulatory requirements, compliance standards, and industry best practices.
Strong understanding of AML/CFT regulations, sanctions compliance, and financial crime risk management.
Excellent knowledge of reporting procedures, record keeping requirements, and regulatory reporting standards.
Strong regulatory interpretation and compliance advisory capabilities.
Sound judgment and decision-making skills, with the ability to balance regulatory requirements and business objectives.
Ability to provide practical, risk based recommendations in complex or ambiguous situations.
Strong analytical, investigative, and problem solving skills.