Compliance - Permanent Controls & Monitoring

The Compliance Officer – Permanent Controls & Monitoring is responsible for ensuring that the organization adheres to all relevant laws, regulations, and internal policies. The role involves designing, implementing, and continuously improving permanent control mechanisms within the company. The officer will also monitor these controls to ensure ongoing compliance and identify any areas of risk or non-compliance.

Key Responsibilities:

Compliance Management:

• Develop and maintain compliance policies and procedures to ensure the organization meets all regulatory requirements.
• Stay updated on relevant laws and regulations, and ensure the organization is compliant with new or changing regulations.
• Provide advice and support to various departments on compliance-related issues.
• Permanent Controls:
• Design and implement permanent controls to mitigate risks and ensure compliance across all departments.
• Ensure that controls are documented, updated, and aligned with regulatory requirements.
• Work with internal audit and other stakeholders to assess the effectiveness of controls and identify areas for improvement.

Monitoring and Reporting:

• Continuously monitor the effectiveness of permanent controls through regular testing and review.
• Develop and implement monitoring programs to track compliance performance across the organization.
• Prepare regular reports on compliance activities, control effectiveness, and any identified risks or breaches.

Incident Management:

• Investigate compliance breaches or incidents, determine root causes, and recommend corrective actions.
• Report significant compliance issues to senior management and regulatory bodies as required.

Qualifications:

• Education: Bachelor’s degree in Law, Finance, Business Administration, or a related field. A master’s degree or relevant certification (e.g., Certified Compliance & Ethics Professional) is a plus.
• Experience: Minimum of 3-5 years of experience in compliance, risk management, or internal audit, preferably within the financial services industry.