Job Purpose:
To ensure that the activities of a company are following local/national laws, ethical standards and regulatory policies. As a part of the compliance job
role, the professional is involved in developing policies and strategies and implementing them in a timely manner. The job requires performing periodic
audits and designing control systems that augment the efficiency within the framework of the internal regulations and policies. From leading training
sessions to adhering to compliance regulations while implementing them, this role requires an analytical person, who knows the industry and its trends.
Role and Responsibilities:
- Supervise all the business processes that involve compliance and regulations
- Take timely actions to ensure compliance, both with national/local laws and internal policies of the company
- Make reports and documentation on potential compliance risks
- Establish and carry out proper training programs, so that the employees are aware of the laws and regulations they need to adhere to
- Carry out investigations to find gaps in the current strategies, which involve compliance and rectify them as per the regulatory guidelines.
- Conduct compliance risk assessments faced by the Company and its subsidiaries through the implementation
- Responsible for the overall coordination of the compliance programs (strategy/policy development, strategy/loss analytics, and Investigations, collaboration with Businesses, Operations and Legal/Compliance on execution of strategies/policies).
- Provide subject matter expertise and advisory drawing on financial intelligence and law enforcement networks, professional qualifications and experience.
- Work closely with line and business managers to understand the business, identify key issues and promote pertinent solutions.
- Ensure that significant investigations are concluded internally and externally where relevant.
- Issue investigation reports, make recommendations and advise senior management on appropriate action to be taken based on the outcome of investigations and investigation report findings.
- Ensure that appropriate fraud management controls and monitoring processes are in place for existing products/services.
- Continually monitor the external environment through a variety of internal/ external sources and the media to identify fraud/3rd Party/ABC risks which may potentially impact Ejada in the future. Manage the mapping and assessment of those risks, the quantification of the potential impact and escalate to senior management where necessary.
- Develop efficiencies in establishing contacts with customers when suspicious fraudulent activities are identified through internal controls or detection systems/ methodologies to determine if the activities are fraudulent
Skills Required:
- Ideal candidates will hold effective analytical and organizational skills, sound judgement, decision making abilities, be tactful and diplomatic and be capable of working under strict timelines;
- Proactive aptitude oriented to solving problems;
- Excellent interpersonal skills and ability to interact with a broad range of stakeholders to communicate at various levels and maintain good working relationships;
- Outstanding planning and organizational skills are required.
Qualifications and Education Requirements
Education: Bachelor's degree in the following:
- Risk Management
- Management or Business Studies
- Finance or Economics
- Science
- Law
Preferred Skills:
- Compliance Certifications or equivalent preferred
- Postgraduate Degree
