Compliance Manager at Apex Network Limited

Key Responsibilities:

Regulatory Compliance:

• Develop, implement, and maintain compliance programs that meet regulatory and industry standards, including local, state, and federal laws
• Stay up-to-date with changes in financial regulations, such as those from the SEC, FINRA, CFPB, and state regulatory bodies, and communicate any impact to the business
• Review and interpret new laws and regulations to ensure the organization's practices align with compliance requirements

Internal Auditing & Monitoring:

• Conduct regular internal audits to assess compliance risks and identify any gaps in procedures or policies
• Monitor and assess business operations to ensure compliance with company policies and legal requirements
• Prepare audit reports for senior management, recommending improvements where necessary

Risk Management:

• Identify, assess, and mitigate compliance risks in the company's financial servicing operations
• Develop and implement strategies to address identified risks and prevent violations
• Maintain risk management frameworks and provide guidance on best practices for risk mitigation

Training & Awareness:

• Develop and deliver training programs to employees on regulatory requirements, company policies, and compliance best practices
• Provide ongoing support and guidance to staff regarding compliance-related issues
• Policy Development & Implementation:
• Design, review, and update compliance-related policies and procedures to align with current laws and industry best practices
• Ensure that all policies are communicated effectively to the appropriate stakeholders

Regulatory Reporting & Documentation:

• Prepare and file necessary compliance-related reports and documents with regulatory agencies, ensuring timely and accurate submission
• Manage responses to regulatory inquiries, examinations, and investigations

Stakeholder Management:

• Act as a liaison between internal departments and external regulatory bodies to ensure smooth communication and effective resolution of compliance issues
• Collaborate with senior management and other departments to address compliance concerns and implement corrective actions

Incident Management:

• Investigate potential compliance breaches or violations and recommend corrective actions
• Maintain detailed records of compliance violations, actions taken, and outcomes to ensure accountability

Continuous Improvement:

• Proactively identify areas of improvement within the compliance program and recommend enhancements
• Leverage compliance technology and tools to streamline and automate processes where applicable

Requirements

• Education: Bachelor's degree in Business, Finance, Accounting, Law, or a related field (Master's degree or legal qualifications are a plus)
• Experience: 5+ years of experience in compliance management, risk management, or a related field in the financial services industry
• Certifications:
  • Certification such as Certified Regulatory Compliance Manager (CRCM), Certified Risk and Compliance Management Professional (CRCMP), CIN and DCP are added advantages
  • Anti-Money Laundering (AML) certifications are a plus
• Knowledge of Regulations: In-depth knowledge of financial regulations , and state financial services laws)
• Attention to Detail: Strong attention to detail and ability to identify discrepancies or risks in complex regulatory frameworks
• Analytical Skills: Exceptional problem-solving and analytical skills with a thorough understanding of compliance reporting
• Communication Skills: Excellent written and verbal communication skills, with the ability to convey complex regulatory requirements clearly to non-experts
• Technology Proficiency: Familiarity with compliance software, audit tools, and financial systems

Preferred Skills & Experience:

• Leadership: Ability to manage and mentor a team of compliance professionals
• Project Management: Strong organizational skills with the ability to manage multiple projects and deadlines
• Legal Expertise: Familiarity with financial laws and regulations on a global scale, particularly for firms with cross-border operations
• Industry Networks: Established relationships with regulatory bodies and industry professionals