Senior Compliance Specialist

Job description

The Senior Compliance Specialist ensures that the company complies at all times with external laws and regulations, corporate best practices, and other general business compliance procedures. He or she provides risk-based regulatory advice and support to assist the company in fulfilling its obligation to comply with relevant laws and regulations as well as internal procedures.

Tasks

• Contribute to the design, implementation, and maintenance of the Compliance Monitoring Program (CMP), including global minimum controls for compliance and financial crime
• Conducting ongoing testing of compliance and financial crime controls to ensure compliance with group and local regulatory requirements
• Assessment of the adequacy and effectiveness of existing controls and recommendations for improvements to mitigate the risk of non-compliance
• Assistance with investigations, including root cause analysis and the identification of control weaknesses
• Conducting thematic compliance reviews, preparing clear, risk-focused monitoring reports, and making recommendations
• Development, review, and maintenance of CMP documentation, compliance policies, procedures, and manuals to ensure alignment with global standards and local regulations
• Support with the maintenance of key compliance documentation, including the Regulatory Obligations Register, Regulatory Compliance Manual, and Market Conduct Risk Assessment
• Assistance with the preparation of regulatory filings, internal group reports, and management information for governance committees and senior management
• Providing data, analysis, and insights to support compliance reporting and decision-making
• Identifying compliance training needs and assisting with the development and delivery of targeted training
• Monitoring regulatory developments and proactively assessing their impact on the company
• Support for compliance submissions related to change initiatives, new products, and systems
• Support for regulatory inspections, audits, and internal reviews, including preparing responses and coordinating regulatory interactions
• Support for regulatory consultations and thematic reviews related to compliance, as needed
• Building and maintaining effective working relationships with key business partners and second- and third-line functions
• Presenting challenges to the company regarding regulatory interpretation and risk tolerance
• Support in establishing a strong culture of compliance and ethical conduct within the company
• Mentoring junior compliance team members and contributing to capacity building within the function
• Representation of the HoC, as needed

Requirements

• Relevant ICA Professional qualification(s) or equivalent
• At least 3 years of relevant experience in compliance (or a similar role)
• Thorough knowledge of the GFSC (local regulator) and other applicable regulations
• Knowledge of the banking and asset management industry is preferred but not required
• Experience in conducting compliance monitoring