Compliance Officer at Elvaridah

Job Summary

• The Compliance Officer is responsible for ensuring that the firm operates in full compliance with all applicable regulatory requirements, internal policies, and industry standards.
• The role involves monitoring regulatory changes, implementing compliance frameworks, managing risk exposure, and ensuring that all financial and operational activities align with the regulations set by relevant authorities.
• The Compliance Officer will also promote a strong culture of ethics, transparency, and accountability across the organization.

Key Responsibilities
Regulatory Compliance Management:

• Ensure the firm complies with all relevant financial regulations, laws, and regulatory guidelines.
• Monitor regulatory updates and advise management on compliance implications.
• Maintain compliance with regulatory bodies and industry standards applicable to financial management firms.
• Ensure all company activities align with statutory and regulatory requirements.

Policy Development & Implementation:

• Develop, implement, and update internal compliance policies and procedures.
• Ensure employees understand and adhere to the firm’s compliance framework.
• Establish internal controls and guidelines to prevent regulatory breaches.
• Periodically review policies to ensure they remain relevant and effective.

Risk Assessment & Monitoring:

• Identify potential compliance risks within the firm’s operations and financial activities.
• Conduct compliance risk assessments and recommend mitigation strategies.
• Monitor transactions, processes, and internal practices to detect irregularities or non-compliance.
• Ensure proper documentation and risk management practices are maintained.

Internal Compliance Audits:

• Conduct periodic internal compliance reviews and audits.
• Evaluate existing internal controls and recommend improvements where necessary.
• Prepare audit reports highlighting compliance gaps and corrective actions.
• Follow up on implementation of recommended compliance measures.

Regulatory Reporting & Documentation:

• Prepare and submit required regulatory reports and documentation to relevant authorities.
• Maintain accurate compliance records, filings, and documentation.
• Ensure proper documentation of company processes and regulatory interactions.
• Support external audits and regulatory inspections when required.

Training & Compliance Awareness:

• Provide compliance training and guidance to employees.
• Promote awareness of regulatory requirements and ethical standards.
• Advise management and staff on compliance-related matters.
• Ensure all departments understand their regulatory obligations.

Investigation & Issue Resolution:

• Investigate suspected compliance violations or ethical breaches.
• Provide recommendations to management on corrective and preventive actions.
• Escalate serious compliance concerns to senior management when necessary.
• Ensure timely resolution of compliance-related issues.

Requirements

• Bachelor’s degree in Law, Finance, Accounting, Business Administration, or a related field.
• 3–6 years of experience in compliance, risk management, audit, or regulatory roles within the financial services sector.
• Strong knowledge of regulatory compliance frameworks and financial industry regulations.
• Professional certifications such as ACAMS, CRCM, ICA, or ICAN are an advantage.
• Strong analytical, investigative, and reporting skills.
• High level of integrity and attention to detail.