About the Job
Reporting to the Group Head of Risk & Compliance, the Risk and Compliance Officer position is responsible for assisting in identifying, assessing, mitigating, reporting, and monitoring enterprise risks, including compliance with Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), data protection, and business continuity management (BCM) requirements. The role also ensures alignment and compliance with regulatory standards, corporate governance principles, and industry best practices.
Duties & Responsibilities
- Daily monitoring and coordination of the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) program.
- Support the development and updating of AML/CTF guidance materials, training resources, and internal documentation.
- Conduct periodic AML/CFT risk analyses on clients, agents, and products.
- Perform customer due diligence (CDD) reviews and the preparation of risk assessment outcomes.
- Prepare the Suspicious Transaction Reports (STRs) and Cash Transaction Reports (CTRs) for filing with the Financial Reporting Centre.
- Support business continuity activities, including impact analysis coordination, test participation, and documentation updates.
- Monitoring adherence to anti-bribery, data protection, Conflict of interests and Treating Customers Fairly (TCF) policies.
- Perform risk and control assessments by defining the risk (inherent and residual), assessment of the design and operating effectiveness of controls and the defining action plans to bring controls effective.
- Identify and analyse the key risk indicators trends and monitor implementation of action plans to address key risk indicators out of appetite.
- Responsible for implementation and execution of functional control self-assessments, including determining relevant controls to be tested, sample sizes, control standards, and reporting outcomes.
- Perform root cause analysis on all identified risk and compliance events and monitor implementation of action plans to fully address the risk event.
- The consolidation of risk reports from various departments/risk champions for management review.
- Prepare the risk dashboards and assessment reports.
- Support the preparation of quarterly risk and compliance reports.
- Help organize and deliver staff induction and trainings on risk registers, AML, data protection, and compliance topics.
- Act as the risk and compliance champion on ESG.
- Assist in the annual review of policies, procedures and internal controls.
- Perform other assigned duties as required.
