Central Compliance Officer - Central Offices

• Ensure a proactive approach is taken to the identification of risks both at the Onboarding stage and during Ongoing Monitoring


• Ensure smooth and efficient Client Onboarding, adhering to agreed response times


• As part of the central Onboarding, evaluate the risks associated with new business/ deals and their impact on company strategy, risk appetite and regulatory and compliance impact


• Assist the Local Management Team (LMT) of offices in the formulation and maintenance of risk appetite, tolerances and limits, having regard to the strategy and business plans and the risk/return profile of the business. Provide expert guidance, support, oversight and independent challenge


• Monitoring regulatory developments, and assessing their relevance to the business. Work alongside the Compliance Head to implement high-level strategic compliance initiatives to coordinate the approach to regulatory changes


• Maintain regular contact and communication with the clients for their changing requirements and update the AM on the same.


• Monitor and ensure compliance with standards and procedures implemented by compliance programs


• Identify and report any non-compliance or suspicious activity, in accordance with anti-money laundering regulations, to Management in a timely manner


• Prepare and submit written compliance reports to Management - Act as the main point of contact with Regulators, when necessary and responsible for compliance-related audits


• Perform the Compliance officer role and / or the MLRO (Money Laundering Reporting Officer) role for the assigned jurisdiction and supporting other jurisdictions on a need basis to meet deliverables and commitments

Ongoing Monitoring

• Run an effective central Ongoing Monitoring that ensures that all risks and compliance are monitored and addressed post client onboarding, in ensuring that the activities of the client fall within regulatory and compliance expectations, including transaction monitoring, name screening and adverse media hits clearance, investigation and filing of unusual account activities and other anti-money laundering related functions


• Conduct on going compliance and risk reviews, escalating issues and proposed solutions to the Head of Compliance


• Be responsible for driving the Transaction Monitoring program and ongoing review of the compliance policies and procedures to alleviate risk and ensure compliance with the changing regulatory landscape


• Draw up and deliver the Annual Compliance Monitoring Plan by producing quality on-going monitoring reviews


• Performing complex Monitoring reviews and sharing Compliance expertise with the team, providing support, guidance and training when needed


• Providing advice and guidance to the business on necessary actions to achieve regulatory compliance, addressing any issues arising from monitoring reports


• Reporting to management on levels of Compliance Assurance and/or any issues arising from specific monitoring activity


• Continually improve Compliance Review systems and processes, with a focus on business service levels, productivity, efficiency and client service


• Bring technical expertise, perform reviews, quality checks, resolve complex cases and drive to completion, be well versed with global regulatory requirements / laws and being able to look at risk holistically and day to day execution of Client Due Diligence (CDD) and Enhanced Due Diligence)


• Understand and balance the commercial and compliance aspects to arrive at practical solutions; Build a strong compliance culture within the team as well as drive commercial awareness. Flag genuine risks, but not strictly following a check-list approach to risk & compliance, track exceptions / open risks to closure


• Responsible as the key player in the remediation effort and other ongoing monitoring matters that are both time critical and quality critical


• Strong focus on timelines, quality of execution and managing multiple priorities while effectively working with key stakeholders and team to achieve success