Job Family Card - Compliance, AML, and CTF

Ensure that the organization conducts business in compliance with ethical business practices, company policies and all applicable regulatory requirements and best practices. Prepare documentation to financial regulatory authorities and manages the relationship with them. Develop compliance reporting both internally and for the regulators. Prevent, investigate and control actual and potential criminal activity. Develop and maintains compliance policies and procedures and assesses business units against them. Develop, recommend and implement processes and controls to ensure firms and/or business unit compliance with overall rules and regulations. Monitor and analyse transactions to ensure appropriateness of activities. Advise on non-compliance impact and implications to all functions. Ensure employees have received appropriate testing and qualifications related to compliance regulations. Investigates, prosecutes and adjudicates terrorist financing through the provision of specialized training on issues related to special investigation techniques. Raise the compliance culture with the regulations, instructions, and codes of conduct through presenting proposals, and recommendations of compliance. Monitor customer and transactional records to identify unauthorized transactions and fraudulent accounts.

Job Family Code

CCO

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Job Roles

Card Job Role Description

Job Role

Compliance Administrator

Job Family Code

CCO

Job Family

Compliance, AML, and CTF

Responsibilities

    Gather information required for compliance monitoring and assessment.

    Gather marketing and websites materials, presentations, forms and agreements for review to ensure compliance with regulatory requirements.

    Assist in the gathering of internal information in response to regulatory requests and regulatory reporting.

    Collaborate with other departments to create a culture of compliance.

Card Job Role Description

Job Role

AML Officer

Job Family Code

CCO

Job Family

Compliance, AML, and CTF

Responsibilities

    Keep and maintain records of high risk customers, and report suspicious activities to line manager.

    Implement processes and controls to ensure the organisation and/or business unit compliance with anti-money laundering (AML), and combating terrorism financing (CTF) rules and regulations.

    Monitor and analyse processes to ensure appropriateness of activities in relation to AML/CTF.

    Update employees and advise on AML/CTF regulations and policies and procedures.

    Report AML/CTF compliance status and follow up on suspicious cases.

Card Job Role Description

Job Role

Compliance Officer

Job Family Code

CCO

Job Family

Compliance, AML, and CTF

Responsibilities

    Identify and assess compliance risk to understand risk level, significance and scope.

    Implement compliance programs by conducting compliance reviews and coordinate efforts related to audits, external reviews and regulatory examinations.

    Monitors and analyses processes and materials to ensure appropriateness of activities in relation to regulatory requirements, organisation's policies and procedures and good practice.

    Ensure all employees are updated on the latest regulations and compliance processes.

    Report on compliance status and highlight areas of concern for escalation, as well as for regulatory reporting.

Card Job Role Description

Job Role

Senior Compliance Specialist

Job Family Code

CCO

Job Family

Compliance, AML, and CTF

Responsibilities

    Contribute to robust and effective compliance controls within the organisation.

    Assess company procedures, practices, and documents to identify possible compliance risk.

    Develop and maintain a risk assessment framework for products and services, clients and customers, and other issues relating to money laundering and regulatory non-compliance.

    Advise organisation's employees on regulations and implications of non-compliance, and that they have received appropriate training and certifications.

    Review internal policies and procedures and recommend updates.
     

Card Job Role Description

Job Role

AML Manager

Job Family Code

CCO

Job Family

Compliance, AML, and CTF

Responsibilities

    Develops and maintains AML/ CTF policies procedures and assesses business units against them.

    Establish due diligence procedures and forms ensuring they capture all information necessary to detect AML/ CTF.

    Perform regular checks on business activities and ensure compliance to AML/CTF rules and regulations and provide suspicious transactions reporting as per regulatory requirements.

    Review implementation of AML/CTF policies and ensure proper remedial actions for non-compliance.

    Ensure AML/CTF culture is embedded in all organisation's policies and procedures and that business units are trained and educated.

Card Job Role Description

Job Role

Compliance Manager

Job Family Code

CCO

Job Family

Compliance, AML, and CTF

Responsibilities

    Develops and maintains compliance policies procedures and assesses business units against them

    Create and manage effective action plans in response to any reporting discoveries and compliance gaps, and take necessary escalation procedure when needed.

    Prepares documentation for financial regulatory authorities and manage the relationship with them.

    Implement and manage an effective compliance program and communicate to internal stakeholders.

    Manage compliance team performance.

Card Job Role Description

Job Role

Head of Compliance and anti-money laundering

Job Family Code

CCO

Job Family

Compliance, AML, and CTF

Responsibilities

    Contribute to the formulation of the overall organisation's strategy, in collaboration with others in the executive team, focusing on the organisation's compliance and anti-money laundering function.

    Approve and ensure implementation of compliance and anti-money laundering function policies and procedures and ensure its efficiency.

    Manage compliance and anti-money laundering function and ensures its compliance to regulatory requirements as well as market standards.

    Manage and monitor compliance and anti-money laundering function budget for cost efficiency.

    Manage internal and external relationships and represent the organisation in all business matters related to compliance and anti-money laundering function.

    Ensure proper remedial actions for non-compliant behaviours are taken including disciplinary actions in case of recurrence.

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