Compliance Head

Job description

DUTIES AND RESPONSIBILITIES:

• Responsible as AML Officer and Money Laundering Reporting Officer (MLRO).
• Oversee the compliance with the applicable regulation
• Provide advisory and reporting to the entity’s management and Chief Executive Officer and/or General Manager on compliance matters and risks.
• Provide advisory and support to the different Business Units on compliance matters
• Perform compliance risk identification, assessment, advising on the identification of mitigation actions and support on the identification on potential remedial actions
• Perform second level controls
• Perform reporting obligations to Group / Regional Compliance, local management and Risk sub-risk committee
• Ensure the implementation of the Compliance Operating Model in line with the Compliance Management System Policy
• Advising on maintaining the AML/CTF & International Sanctions Control framework and undertaking his/her responsibilities as MLRO.
• Provide training and support on compliance related topics to staff and management in line with the Annual Plan
• Ensure the adequate implementation of the Group Compliance policies in the entity
• Maintain the relationship with the Insurance Authority and ensure request and enquires are met
• Direct reporting to the Board of Directors and to the Regional Compliance Officer (solid line) and functional reporting to the Chief Executive Officer (dotted line)

REQUIREMENTS:

• A relevant degree in law or accounting or economics or engineering or risk management
• Minimum 5 years of experience in compliance or risk functions in the financial market (bank or insurance companies; insurance is preferred)