As central element of the internal governance and organization of the Bank, the Chief Compliance Officer shall:

• Identify the standards to which the Bank is subject in the exercise of its activities in the various markets;
• Identify the compliance risks to which the Bank is exposed in the exercise of its activities and assess their significance and the possible consequences, by establishing a framework for ongoing assessments of key deliverables and milestones to ensure alignment with applicable regulations, guidelines, policies and procedures, and key stakeholders;
• Ensure the identification and assessment of the Compliance risk before the Bank expands into new activities, products or business relationships (NPP process);
• Ensure, in particular, that the fight against money laundering and terrorist financing translates into effective controls and measures which are appropriate to the risk;
• Verify compliance with the compliance policy and procedures, on a regular basis, and shall be in charge of the adaptation proposals, if required;
• Assist and advise the Authorized Management on issues of compliance and applicable laws, regulations and standards;
• Raise awareness of the staff about the significance of compliance and related aspects and assist them in their day-to-day operations related to Compliance;
• Acting as “Responsible du Contrôle”, he/she is the privileged contact person for the competent authorities as regards AML/CFT issues and with respect to the application of restrictive measures in financial matters;
• Responsible for the compilation of summary reports on his/her activities, including any material matters that require the Board’s attention, and provides regulatory update, including to the competent authorities;