Compliance Manager-Compliance Testing

Job Requirements

About the Role

The Compliance Manager plays a critical role in ensuring that the bank adheres to all regulatory and ethical standards. This role involves designing and executing compliance testing strategies, conducting reviews, analyzing data, preparing reports, and engaging with stakeholders to implement corrective actions. The position requires a strong understanding of banking regulations, excellent communication skills and will support the Senior Compliance Manager and the Lead in their activities.

Key Responsibilities

Primary Responsibilities

• Oversee all business operations relating to compliance including policies, investments, and procedures.
• Design and monitor control systems to address violations of legal rules and internal policies.
• Regularly assess the efficiency of control systems and recommend effective improvements.
• Review and evaluate the bank's procedures and reports to identify hidden risks or common issues.
• Perform periodic audits on company procedures and processes, and maintain organized compliance records.
• Draft compliance checklists, manuals, and other regulatory documentation.
• Coordinate with department leads to review all departmental compliance policies.
• Liaise with senior management to ensure proper implementation of compliance policies.
• Initiate investigations when non-compliance occurs within the bank.
  
  

• Facilitate employee training sessions on legal and compliance issues.
• Supervise compliance officers and team, and share best practices.
• Leverage in-house synergies through collaboration with internal stakeholders.
• Stay abreast of regulatory developments within or outside the bank and evolving best practices in compliance control.
• Create an environment that promotes collaborative learning and collective ownership of responsibilities.
  
  

• Graduate degree in any discipline.
• Post Graduate degree in MBA
  
  

• Minimum 5 years of work experience in a compliance-related role, preferably within the banking or financial services sector.
  
  

• Strong understanding of regulatory frameworks and compliance standards.
• Excellent analytical and problem-solving skills.
• Ability to conduct audits and identify areas of risk.
• Effective communication and interpersonal skills.
• Leadership capabilities with experience in team supervision.
• Proactive approach to learning and staying updated on industry best practices.
• Ability to work collaboratively across departments and with senior stakeholders.