Head of Compliance & Internal Control

Job description / Role

- To manage the Compliance and Internal Control activities with the tenacity of complying with the regulator and internal control requirements.
- To execute regular and comprehensive compliance reviews and internal control oversight.
- To report regularly on compliance matters as per the Group Compliance reporting system.
- To Report all identified breaches and remedial action taken on internal control matters.
- To ensure that the Compliance and Internal Control Officers comply with all Incident Reporting Requirements.
- To prepare and implement the annual compliance and internal control review plan and submit it for Group Compliance approval.
- To implement specific steps within the compliance program to ensure effective implementation of regulations and statutory requirements concerning Anti Money Laundering (AML) and Combating Terrorism Finance (CTF), The banks standards and Regulatory requirements.
- Implement a checklist of regular internal controls including regulatory requirements,
- Monitor adherence of business and support management to Central Bank/ Legal Authority regulations and statutory requirements.
- Oversee the standard of accounting and financial information
- Oversee global risk management by setting and ensuring the cohesion and efficiency of ongoing control procedures throughout the entire branch.
- Conduct on-going compliance reviews as per the approved annual compliance review plan.
- Implement all changes in regulations at the Branch, and communicate them to Group Compliance including maintenance of appropriate registers to record receipt of new regulations and their subsequent implementation.
- Promote the employees’ awareness by providing Compliance/ AML training courses to the Branch (es) staff and Senior Manager.
- Review system changes and or enhancements of Central Banks
- Provide advice service to the Branch Management in relation to product services (policies and procedures)
- RSA, CSAs and KPCIs reviews unit responses on a rolling basis with spot checks and verify veracity and completeness of reporting.
- Ensure implementation of Group Compliance/ Group Internal Audit / banking commission / external auditors’ recommendations.
- Submit periodic reports to Group Compliance detailing cases of non-compliance to Central Banks’ regulations and statutory requirements.
- Prepare and submit the monthly compliance reporting to Group Compliance.
- Prepare and retain monthly internal control reports for Group Compliance and the Country General Manager.
- Prepare annual report on internal control in coordination with Senior Management and Group Compliance.
- Prepare internal control report for every assignment conducted detailing the review objectives, scope and outcome.
- Make compliance and internal control record file of all of the branch’s activities
- Liaise with local Central bank
- Coordinate between Regulator inspectors
- Carry out the mandatory verifications and reviews required by Central Bank/ Legal Authority.
- Develop and Implement Anti-Money laundering policies and Procedures.
- Implement the World Check System as required by Group Compliance.
- Implement the AML Profiling and ensure proper monitoring.
- Perform the regular monitoring of the customer names and transactions to identify any unusual transactions, through Safe Watch and MQ Series.
- Recommend improvement in branch’s policies and procedures

Requirements

- 8-10 years’ experience of control/audit procedures and knowledge of compliance in banking institution or regulatory agency preferably in compliance or internal audit function.
- Bachelor degree with professional qualifications such as CCO/CPA/CIA/CA.
- Good oral and written communication skills (incl. report writing) in English. Depending on each country requirements Arabic or French is required.

Extensive Knowledge in the following areas;
- Banking and IT applications.
- Current regulations and financial instruments.
- Bank accounting procedures
- Banking products and services
- Regulatory and tax matters.

Self-discipline, initiative, organizational skills & relations building skills.

About the Company

Building businesses, changing lives

At Tandem, we’ve built a vast network of top-tier professionals across the globe. We empower businesses to thrive by delivering unmatched talent solutions. With our global reach, collaborative approach, and unwavering commitment to excellence, we drive transformative growth and shape exceptional teams.

Who we are.

We are a team of industry experts, driven by a passion for innovation and excellence. We are dedicated to providing unique talent solutions and nurturing collaborative partnerships that redefine success.