Legal and Compliance Officer at FairMoney

Description

• The Compliance Officer will be responsible for mitigating compliance risks and avoid lawsuits through the design, implementation and enforcement of policies and procedures that ensures business operations are performed in compliance with regulations.
• The position will work to foster development of compliance culture among employees, creating metrics to help track compliance and performing compliance audits.

Roles and Responsibilities

• Monitors all operational processes and procedures using a compliance management system to ensure that the company complies with all legal regulations and ethical standards.
• Conducts regular compliance risk assessments to determine whether policies and processes are compliant with regulation.
• Review and formulate policies and procedures to improve compliance controls and efficiency.
• Develop and conduct adequate training and prepare related information material. Educates staff so that they are informed of any regulatory/legal changes and updates to compliance guidelines.
• Monitor implementation of regulatory recommendation, audit exceptions and regulatory changes.
• Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies.
• Work collaboratively with business and process owners to implement and monitor remediation efforts that result from compliance risk assessment assessments, ensuring the effective implementation of corrective action.
• Conducting know-your-client (KYC) and due diligence processes.
• Ensuring compliance with multi-national anti-money laundering laws and sanctions and assisting with the reporting of suspicious transactions.
• Staying abreast of any changes to laws or sector specific regulations and keeping the rest of the company up to date with any changes through communication and training.
• Advising relevant teams on legal or regulatory issues regarding sales, marketing, vendors, products or projects.

Requirements

• Minimum of Bachelor's Degree
• At least 5 years banking experience in Compliance or similar position
• Master’s degree in any related
• Professional Compliance Certification (preferred).

Benefits

• Private Health Insurance
• Pension Plan
• Training & Development