Senior Compliance Officer

at  iFAST Global Bank Ltd

• Provide expert support and advice to Business lines and intra-team, on Regulatory Compliance processes, systems & controls.
• Act as a senior subject matter expert (SME) on legal and regulatory Compliance subjects of interest, sharing key information and supporting the Team/Bank and on any queries in this regard.
• Keep abreast of regulatory changes that will impact the business.
• Assist the Compliance Manager in providing advice and guidance on new regulations which impact the business.
• Identify potential areas of compliance vulnerability and risk, direct such vulnerabilities to the Compliance Manager, Money Laundering Reporting Officer, and the Chief Risk Officer; maintain and report on the development and implementation of corrective action plans for the resolution of problematic issues, including the guidance provided on how to avoid similar situations in the future.
• Assist in supporting and overseeing other members of the team in carrying out their assigned roles ensuring continuity within the team in cases of absence;
• Attend project work group meetings and training events to support designing and implementation of new products and services within the Bank.
• Assist in reviewing and approving CM Testing Reports completed by other staff in the department; escalate any urgent findings to the Compliance Manager.
• Assist in conducting the required checks to effectively support the Compliance Monitoring Plan and to identify any deficiencies in control procedures through:
• review/inspection of policy/process/procedure or other relevant document
• interviews with appropriate personnel
• observation of the application of the control procedure
• Preparing the Compliance Monitoring Test report, outlining the findings and corresponding remedial work required to bridge any gaps identified in the execution of the bank’s internal policies and procedures.
• Monitor remedial actions and maintain Master Tracker for compliance monitoring findings.
• Preparation of management information for Senior Management Committees, such as the Executive Risk Committee.
• Assisting with other compliance related projects.
• Support the Financial Crime Team in the preparation of periodic reviews and transaction screening as required.

EDUCATION & TRAINING

Bachelor’s degree or equivalent.

EXPERIENCE AND SKILLS

Minimum 3 years’ experience preferably in a Compliance/AML related role.

• High standard of accuracy and attention to detail
• Good analytical skills
• Excellent research skills
• Strong written and verbal communication skills
• Advanced knowledge of MS Office
• Problem solving skills
• Strict work ethics

• High standard of accuracy and attention to detail
• Good analytical skills
• Excellent research skills
• Strong written and verbal communication skills
• Advanced knowledge of MS Office
• Problem solving skills
• Strict work ethic