Compliance Officer at SBM Bank

Job Purpose:

Reporting to the Compliance Lead – Non Banking Financial Cluster, the job incumbent will be called upon to ensure that the relevant business units are in compliance with the rules and regulations of regulatory agencies, that the companies’ policies and procedures are being followed, and that behavior in the organisation meets the standards of conduct as prescribed, within Company and regulatory guidelines, policies, procedures and other requirements.

Key Responsibilities:

• Assist the Compliance Lead in the discharge of the day-to-day duties
• Coordinate internal regulatory processes for an entity, which may include preparing documentation for submission to regulatory agencies
• Undertake compliance review of business units to assess compliance with laws, regulatory requirements and internal policy/procedures
• Provide regular and accurate reports to the Head of Compliance and Senior Management on the regulatory compliance matters
• Assess compliance with laws, the KYC/AML/CFT policy and procedures, and other regulatory guidelines/procedures
• Conduct ongoing monitoring of existing clients
• Ensure that training on KYC/AML/CFT is dispensed to all the employees. Liaise and communicate with other departments and subsidiaries of the Group regarding compliance issues
• Recommend any improvement in processes/procedures, following compliance review
• Carry out investigations and special assignments at the request of the management
• Attend any other duties directly or indirectly linked to any Compliance function
• Adhere to high ethical standards, and comply with all regulations/applicable laws
• Ensure high level of service standards including level of ethics and integrity in line with SBM values

Qualifications, Experience & Skills:

• University degree in Accounting, Law, Banking, Finance or any other relevant qualification
• At least 4 years’ experience in the Banking/Financial Sector and/or any other relevant field
• Familiar with rules, regulations and guidelines issued by the Financial Services Commission
• Excellent interpersonal, analytical, communication, planning and reporting skills
• Ability to work under pressure and under little supervision