Compliance Head (12-25 yrs)

Compliance Head

Responsibilities:

- Implement a compliance Program which Banks business activities. This will also include drafting or updating and implementing policies and procedures to address BANKS's statutory obligations in relation to anti-money laundering and combating the financing of terrorism (AML/CFT), freedom of information and data protection

- May be appointed to act as Money Laundering Reporting Officer and/or Data Protection Officer; - Set up and ensure the implementation of Know-Your-Customer (KYC) procedures under the AML/CFT framework and update MDB's business risk and client risk assessments periodically as required

- Perform on-site and off-site reviews of banking transactions in relation to compliance duties both at Bank as well as at credit institutions collaborating with Bank, including drafting related reports

- Monitor and, where necessary, implement compliance-related reporting procedures and recordkeeping

- Develop and liaise with external regulatory authorities and internal/external audit on compliance issues

- Monitor and perform assessments of BANK's compliance with regulatory and internal legal compliance framework and periodically report to the Board of Directors of MDB on such assessments

- Carry out periodical training to staff on compliance issues as may be required

- Complete ad hoc compliance-related tasks as requested and under the guidance of Head of Legal & Compliance. Implements and manages new rules and regulations when they are passed by state or federal governing bodies.

- Offers advice to the Risk Management Department on compliance issues.

- Works with the bank's Chief Operating Officer to make sure all policies and procedures are being followed precisely and with no corners are cut.

- Provides regular training for newly hired employees and other banking staff, particularly when any state or federal laws change.

- Initiates investigations when possible non-compliance takes place within the institution.

- Provides support and assistance to outside auditors when necessary