Head of Compliance

Key accountabilities:

  • Developing the compliance framework for the business, including compliance policies, procedures, and guidelines; communicating these policies to all relevant stakeholders.
  • Reviewing emerging regulatory and compliance requirements (such as KYC, AML, CTF) on a regular basis.
  • Embedding these updates within the compliance framework.
  • Pro-actively identifying and communicating deficiencies or gaps with regulatory compliance; providing guidance in the development of alternative solutions or implementation of corrective action.
  • Developing and conducting compliance risk assessments programs e.g. Anti-Money Laundering ( AML) risk assessment and Privacy Risk assessment.
  • Managing the risk register with respect to compliance matters.
  • Ensuring AML programs are in line with current industry best practices and both efficient and effective in terms of internal controls.
  • Developing risk rules and definitions for customer screening and transaction monitoring for KYC, AML & CTF.
  • Assisting in drafting AML policies and procedures in jurisdictions where the organization intends to apply for a financial service license.
  • Conducting enhanced due diligence for business partners and clients in line with the AML policies and AML laws and regulations.
  • Assisting the business owners to understand their compliance obligations.
  • Implementing compliance programs for business owners. Discuss ongoing compliance issues and resolve them appropriately.
  • Advising on compliance implications for specific transactions, new products, and businesses.
  • Liaising with compliance teams in other jurisdictions to assist them with CDD and EDD procedures on request to manage the volume.
  • Conducting annual compliance and anti-money laundering training for management and staff.
  • Providing necessary advice to the customer support team in handling compliance related issues with customers.
  • Where necessary, working with the Operations and Sales teams to remediate incidents of non-compliance.
  • Assisting the business by providing necessary compliance information to obtain money / payment service licenses in other jurisdictions as well as to establish new remittance facilities.
  • Acting as the liaison officer for all internal audits (in relation to compliance), external compliance and regulatory examinations.
  • Transaction reporting: filing compliance reports, suspicious transaction reports, and others as needed to regulators.
  • Regular reporting on key compliance metrics to senior management.

Essential Skills:

  • Min degree in finance/banking/any other relevant field.
  • Have at least 5-7 years’ experience in a financial service (preferably remittance and/or payments) legal or regulatory environment.
  • Have compliance advisory experience and the ability to take a pragmatic, commercial approach to risk and compliance whilst achieving desired business outcomes.
  • Strong leadership, decision making, relationship and project management skills.
  • Analytical skills; excellent organizational skills.
  • The ability to work independently, determine priorities and meet deadlines.
  • Good knowledge of money laundering compliance requirements for money services businesses.
  • Proficient in English.

To apply for this job email your details to career@dlsconsultancy.com