The Compliance Officer is expected to administer compliance duties all in favor of ensuring work in the company is within the framework of the regulation and help the company accomplish its objectives by applying a systematic, disciplined approach to evaluate and improve the effectiveness of risk management.

Essential Job Functions:

• Fostering and maintaining a positive and constructive relationship with the Financial Regulatory Authority (FRA).

 • Where required, liaise closely with the FRA and auditors to foster good communications, and jointly identify actions required following and preceding inspectors’ visits and audits as appropriate. 

• Reviewing the implementation of the company’s compliance and performing the anti-money laundering monitoring programs.

 • Assist in managing day-to-day operation of the compliance and AML function and work closely with the operations and business functions. 

• Identify potential areas of compliance vulnerability and risk, develop, and implement corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future. 

• Proactively audit processes, practices, and documents to identify compliance gaps and risks and discuss findings with stakeholders. 

• Ensure that business is conducted in accordance with its objects as contained in its memorandum of association. Liaise with external regulators. 

• Assess legal documents of the company and ensure legal compliance, file various documents / returns with the authorities as required. 

• Keep under review all legal and regulatory developments affecting the company’s operations and make sure the proper reporting of them.

 • Staying up to date with local regulatory decisions and developments.

 • Communication and coordination with other departments regarding compliance risks, and AML / CTF.

 • Comprehensive experience of the FRA, SME and Microfinance, commercial laws, AML and / or relevant jurisdictions’ regulatory environment.