Coordinate with all internal functions across companyGroup to facilitate effective implementation of company ’scompliance program in order to minimize risk exposures and ensureadherence with regulatory standards.
Develops the complianceframework, policies, procedures and plans for company in alignment with the strategic business requirementsDrivethe Compliance monitoring programme of the companyLead theidentification and diagnosis of compliance requirement across companyCollaborates with other departments (e.
g. InternalAudit, Human Resources, etc) to direct compliance issues toappropriate existing channels for investigation andresolution.
Consults with the Director Group Legal and Compliance asneeded to resolve difficult legal compliance issuesWork closelywith the various functions / units and provide them with expertsupport and advice in implementing the compliance program to fulfilQFMA and other applicable regulations.
Coordinate with the BTO todevelop functional strategies for the company’s Compliancefunctions to provide best in class Risk ManagementParticipate inthe review and validation process of new products and services toensure compliance with the regulatory compliance program of QFMAand other applicable regulations, while providing feedback onthe gaps to be addressed and following up on timely implementationof corrective action.
Evaluate the various functions’ / units’compliance processes and procedures to ensure adherence to theregulatory compliance program of QFMA and other applicableregulatory bodies.
Disseminate written policies and proceduresrelated to compliance activities.Conduct periodic evaluation ofbusiness processes, report findings, while highlighting any majorgaps and non-conformance with proposed solutions / recommendationsfor the effective addressing of issues.
Monitor system alerts andtransactions and investigate suspicious transactions in order toensure that any activities of that kind are promptly reported andclosely monitored.
Liaise with subsidiaries to collect neededinformation about any case that is being monitored andinvestigated.Coordinate with Subsidiaries regarding any compliancerelated matter.
Ensure that all subsidiaries are presenting theircompliance review and confirmation in a timely manner.Ensure timelyfollow-up on issues being raised in QFMA and other applicableregulatory inspections to facilitate timely implementation ofcorrective action.
Review and Ensure proper development of andtimely submissions of Corporate Governance reports and otherregulatory requirements.
Escalate compliance & AML issues tosenior managementDesign and implement continuous enhancement incommunication, monitoring, or enforcement of compliancestandards.
Keep informed regarding pending industry changes, trends,and leading practices and assess the potential impact of thesechanges on organizational processes.