Responsible and Key duties include:

AML/CFT & Regulatory Compliance Functions

• Establish and oversee the institution’s AML/CFT frameworks, guidelines, policies and procedures
• Perform name screening and transaction monitoring to identify unusual activity or AML
• Prepare cash suspicious reports (CTR) and cash transaction reports (STR) to CAFIU.
• Maintain regulatory sanction program in compliance with FATF, UN, OFAC, EU.
• Lead in developing and updating policy, procedure, and guidelines to make sure appropriate Ati-Money, Laundering/combating financing of Terrorism (AML/CFT) Strategy is implemented properly and effectively.
• Perform client risk profile to assign AML/CFT risk
• Reviewing the effectiveness of the applicable compliance plans.
• Ensuring that Divisional and Business unit report on time manners (Checklist report to NBC/CAFIU)
• Prepare monthly and quarterly report to an independent board of directors and NBC/CAFIE.
• Act as the institution’s compliance representative and respond to ad hoc requests from CAFIU/NBC.

Legal Support

• Assist business units to identify legal risk and drafting and/or review contracts/agreements, term & conditions, institution form, etc.
• Acting as a central point of reference and subject-to-matter expert for regulatory.
• Assist business units in seeking approvals/exemptions from local authorities (NBC, etc.)
• Liaise with governmental authorities at various levels regarding legal.
• Manages the work performed by external lawyers and relationship with external lawyers to ensure the institution get high-quality services at competitive price.
• Review and draft Constructions agreement, Sale-purchase agreement, Service and supply agreement, and MoU(s) with banks, vendors, contractors, and suppliers in response to the legal affair of the institution.

Risk Management

• Develop Risk Management policies and lead Risk Management implementation
• Collaborate with lead cross-functional teams to scope, design, and implement simplified and streamlined process improvements; and Leverage knowledge of business processes and business needs through actively and visibly coaching and championing change management via engagement of respective departments and clear communication of the benefit of process improvement;
• Develop contingency for business and testing, Systematic and trigger alert; and monitoring Business Continuity Planning and Crisis Management Plan procedures;
• Internal policy and process reviewing to gain clarity on the department’s control violation and identify possible Implication Assessments of the likelihood and impact of loss incurred from the non-compliance to Laws, regulations, and internal policies, which involves comparing estimated risks with criteria established by the institution such as costs, legal requirements and environmental factors, and evaluating institution’s previous handling of risks;
• Off-site review: Monitor all risk perspectives daily including optional risk, credit risk, and financial risk and make sure that all the risk is under control.
• On-site review: Visit and check all institution’s branches/outlets in terms of compliance aspects to ensure that there is effective and efficient control/management of the branch operations regarding all risk perspectives including operational risk, credit risk, and financial risk.
• Develop and deliver training for all employees involved to ensure that all have a good understanding of risk management and compliance issues (e.g., anti-fraud practices, the identification of ‘red flags, and the importance of customer/supplier due diligence)

• Education: Bachelor’s degree or above
• Major: in Law / Banking and Finance or other equivalent degree
• Work experience: Minimum 5 years in a compliance and AML role with experience in banking or financial institutions.
• Extensive experience in the financial services industry specifically related to compliance and AML activities.
• Intellectual capacity: Proven ability to lead a team; Excellent English written and verbal communication skills.