Compliance Manager at Sifax Group

Compliance Manager

The Compliance Manager will be working with the management of Compliance Directorate in ensuring that the company's policies and procedures comply with regulatory and ethical standards. The job holder will advise Compliance Directorate of any potential risks that may affect the regulatory standing, reputation, safety, security, financial sustainability and existence of the organization. The job holder is expected to provide a better assessment of the risk management policies and protocols in order to come up with policies and recommendations to avoid threats, reduce or transfer risks and/or mitigate the effects of those which are essentially unavoidable.

Operational Responsibilities:

Support Internal Control/Audit’s change initiative by implementing action plans related to risk assessment and annual planning, audit execution, audit reporting and audit technology

Plans, designs and implements an overall risk management process for the organization

• Develop and implement company policies and regulations
• Oversee all business operations relating to compliance including policies, investments, and procedures
• Design and monitor control systems to deal with violations of legal rules and internal policies
• Coordinate with departmental managers to review all department’s compliance policies
• Perform periodic reviews on company procedures and processes
• Collaborate with HR department to ensure the implementation of consistent disciplinary action strategies in cases of compliance standard violations
• Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required
• Verify that all company’s and regulatory policies and procedures have been documented, implemented, and communicated
• Direct the development or implementation of compliance-related policies and procedures throughout an organization
• Verify that software technology is in place to adequately provide oversight and monitoring in all required areas
• File appropriate compliance reports with regulatory agencies
• Conduct periodic internal reviews or assessment to ensure that compliance procedures are followed
• Prepare reports for the management of Compliance Directorate, Top Management and external regulatory bodies as appropriate
• Conduct compliance audits covering all operational areas
• Any other duty as assigned by Management.

Educational Qualification: Relevant first degree or its equivalent or professional qualification in Accounting, Actuarial Science, Auditing, Finance, Economics, Commerce, Law, or in any other numerate or semi-numerate field.

Professional Qualification:  Relevant certifications/qualification by locally and internationally recognized Accounting regulatory body would be an added advantage. Professional certification in accountancy a must (ACA, ACCA, ICAN Etc)

Work Experience: Minimum of 10 years’ relevant work experience and 4 years in a managerial position

Technical Competencies:

·         Good IT Systems Skills

• Good understanding of financial records and relevant regulatory requirements.
• Superior knowledge of international accounting and auditing policies, procedures, principles and standards
• Strong working knowledge of governmental budgeting and accounting policies, procedures and standards
• Prior experience in organizing, planning, managing and supervising the audit functions and in conducting financial reporting
• Ability to interpret and apply legislation, regulations, guidelines and other regulatory requirements.
• Current knowledge of industry practices, trends and issues
• Highly developed organizational, communication and presentation skills
• Understanding of Information management security, document management system and document use/compliance in all areas of work and departments
• Risk Assessment and reporting

Managerial Competencies

• Knowledge of latest trends and practices in Compliance Management
• Knowledge of Compliance Act & policies
• Ability to take criticism, passionate about team and organizational development
• Demonstrated experience in managing significant risk management projects
• Demonstrated expertise in risk management processes is required, particularly with respect to developing & implementing significant strategies, stakeholder management and regulatory/Client relationship management

Behavioral Competencies

• Demonstrated expertise in change management
• Presentation and report writing skill
• Excellent written and oral communication
• Organizational skills, with the ability to prioritize and respond at short notice
• Ability to work well under pressure and adaptive to change
• Good time management and organizational skills.