Job Purpose
The overall purpose of the job is to coordinate and be responsible for undertaking effective risk and compliance reviews and monitoring within ILAM, including data gathering, analysis and report preparation to identify, assess, advise, monitor and report on risk and compliance.
Roles and Responsibilities
§ Liaise with various departments to collect and collate compliance risk assessment data to facilitate the establishment of the compliance universe in addition to giving recommendations on the high- risk issues.
§ Monitor and report on the daily management of compliance issues at respective departments, including significant internal policies.
§ Act as anti-money laundering liaison contact, maintaining continuous dialogue and information to business departments on key issues defined in the AML/KYC policies.
§ Prepare internal compliance reports with regard to external and regulatory compliance issues.
§ Monitor and alert on the status and performance of compliance responsibilities across support functions.
§ Plan, support & provide AML/KYC awareness and system training and other compliance policy training across the business.
§ Carry out initial review of AML alerts and maintain follow-up for conclusion on AML case management, including providing AML system support to users.
§ Carry out compliance risk events data collection, analysis and preparation of reporting including recommendations to mitigate exposures.
§ Maintain continuous engagement with the business departments and carry out compliance risk monitoring, analysis and reporting on new products and projects.
§ Provide compliance risk liaison at peer levels across specialist and risk functions (Legal, Audit, Risk, HR and Finance).
§ Promote and reinforce a strong culture of compliance throughout the organization, emphasizing the importance of AML and reporting obligations.
§ Develop and deliver training programs to enhance compliance awareness and knowledge among employees and management.
§ Review the business continuity program within the company and ensure that regular tests are conducted and the policies and frameworks are regularly updated.
§ Identifying areas of weakness with regards to business continuity and recommend remedial measures in consultation with all the relevant stakeholders.
§ Conduct due diligence on vendors/suppliers whom the business is intending to establish business relationships with.
§ Carry out comprehensive risk assessments across the business & functional areas in line with the risk management framework.
§ Evaluate the adequacy and effectiveness of controls established by management to ensure that identified risks are appropriately mitigated at both departmental and process levels.
§ Maintain the risk registers and assist management in tracking progress on the implementation of risk mitigation action plans.
§ Coordinate the performance of strategic risk analysis by reviewing business processes in liaison with business owners to identify potential risks.
§ Participate in the formulation and review of risk management and control activities for products to ensure they meet the set objectives and are worthwhile investments with a quantifiable return.
§ Facilitate awareness and training programs on risk management, controls and compliance activities.
Prepare reports for the Board Audit and Risk Committee
Requirements
§ A Bachelor’s degree in Finance, Economics, Law or Business-related field. A postgraduate Master’s degree and professional qualification in risk management will be an added advantage.
§ Demonstrated understanding of the regulatory environment including the CMA Act and RBA Act.
§ Good knowledge of money laundering issues and KYC requirements.
§ A good understanding of asset management operation and business functions.
§ Good management skills including organizational, communication and problem-solving skills.
Demonstrated high integrity
Experience
3 years of working experience – with at least 1 year of experience, in either compliance or audit related active
Desired Skills and Experience
Qualifications:
· A Bachelor’s Degree in Marketing/Communications or related field and over 4 years of experience in a similar role in corporate communications/Public relations, preferably in a financial service-oriented industry.
· Strong writing, interpersonal, and strategic skills are essential for success in this role
· Knowledge of public/media relations and corporate communications best practices
· Ability to draft and coordinate the production of corporate literature and presentations, company publications, press releases, and other public communication in electronic and hard copy format
· People skills with the ability to interface with people at all levels from junior staff to executive management, as well as other stakeholders including the media and other business partners
· Ability to interpret and influence design and advertising work to deliver the spirit and feel of the brand
· Problem-solving skills and ability to handle multiple tasks
· Self-starter, organized, with high integrity, Team player
· High level of energy and ability to travel on short notice; ability to work under pressure and under challenging circumstances