Compliance Specialist

at  AVBOB

Development and implementation of the Business Unit

• Take overall responsibility for compiling and maintaining compliance risk universe documents for the business units.
• Effectively interpret legislation and provide practical advice with regard to interpretations, while maintaining appropriate (second-line of defence) independence from business unit
• Manage and execute the process to identify, assess manage, monitor and report on compliance risks that the business unit faces.
• Implement, monitor and report on end –to end compliance processes.
• Develop compliance documentation, including the risk management plans and monitoring frameworks for the business unit.
• Provision of compliance input and direction into the design and approval of new and existing products.
• Provide professional advice and guidance to the business unit regarding compliance matters.
• Identify compliance risks through the Combined Assurance Model and actively participate to achieve business unit compliance within the Group.
• Initiate regular interactions with operational departments to stay informed of business developments and important information which may be required to understand and identify compliance risks and build credibility.
• Keeping abreast of compliance laws, rules, standards, and new developments in the compliance landscape pertinent to the Business Unit.
• Execution of compliance activities based on the compliance monitoring plan.
• Provide compliance support that is aligned to business strategy.
• Contribute to projects in the Business Unit to ensure that compliance risk is minimal.
• Support the business by evaluating and prioritising risk-based compliance assurance activities.
• Build strong relationship through providing specialist know-how and leadership to others, expressing positive expectations.
• manage relationships with the various regulatory authorities and industry bodies pertaining to the business unit.

Responsible for highlighting risk exposures

• Conduct regular risk assessments to identify and assess potential compliance risks for Business Unit.
• Develop and implement strategies to mitigate identified risks in the business unit.

• Ensure that the Business Unit compliance framework is robust and up to date.

• • Share compliance risks with Business Unit management to facilitate early resolution Provide to enable them to take remedial action.
• Liaise with the legal department where necessary (e.g. when new processes and/ or procedures are developed or when existing processes and/or procedures are amended that may have legal implications).
• Identify compliance risks though the Combined Assurance Model and actively participate to achieve business unit compliance within the Group
• Assist Heads of Control with adhoc activities were necessaryPOLICY AND PROCEDURE DEVELOPMENT
• Review, and update compliance policies and procedures for approval by Heads of Control
• Effectively interpret legislation and provide practical advice with regard to interpretations.
• Give input for the development compliance documentation, including the risk management plans and monitoring frameworks by Heads of Control.

TRAINING AND EDUCATION

• Conduct training sessions for employees on compliance issues specific to Business Unit.
• Provide ongoing workshop support and education to staff about compliance best practices as and when required.

• Conduct regular risk assessments to identify and assess potential compliance risks for Business Unit.
• Develop and implement strategies to mitigate identified risks in the business unit.
• Ensure that the Business Unit compliance framework is robust and up to date