Head of Compliance at Newedge Finance Limited

Essential Duties and Responsibilities:

• Individually accountable for establishing a compliance framework; including Risk Management and Monitoring plan. Initiates and facilitates corrective action where required.
• Establishes and embeds compliance in area of responsibility.
• Ensures compliance within area by implementation of compliance risk management and monitoring plan.
• Reports on compliance breaches to management.
• Facilitates resolution of compliance breaches.
• Assists in the mitigation of compliance risk.
• Responsible for compliance in a less complex business unit, reports to the business head with strategic direction from Compliance Executive.
• Influence is limited to specific assigned functional area.

Compliance

• Ensures compliance within the area by implementation of compliance risk management and monitoring plan.
• Reports on compliance breaches to managements
• Facilitates resolution of compliance breaches.
• Assists in the mitigation of compliance risk.
• Utilizes limited legislation and in all probability, the impact of the legislation on the business unit/functional area is limited.
• Assists the Executive with the effective coordination and execution of the quarterly audit, risk and compliance for the segment.
• Challenges and escalates (within the defined escalation framework) where deemed appropriate.

Education and/or Work Experience Requirements:

• Bachelor’s degree in finance, accounting, economics, business administration or legal (Master’s Degree is an additional advantage).
• At least 5 years experience in financial service industry, and 2 years at the senior management level.
• Experience in Market risk.
• Local and international certifications in risk management, such as Certificate in CIBN.
• Strong understanding of development and trends, as well as regulations and trends.
• Strong understanding of enterprise risk management concepts, frameworks to proactively identify risks inherent in business operations that can have negative strategic implications for the organization.
• Strong knowledge of portfolio risk management techniques, e.g. key risk metrics for players in the financial markets, capital management, database management, risk analysis etc.
• Good analytical & problem-solving skills
• Excellent interpersonal and communication skills