Head Compliance - International Banking Group

The Head of Compliance, International Banking Group (IBG) will support the business by providing compliant solutions and/or identifying strategic risks while providing assurance to Management that all processes/controls at IBG branches are in line with regulatory requirements.

The encumberment will also assist the business in obtaining regulatory approvals wherever possible; New Branches / representative office Licenses, Product Launches, Outsourcing, Mergers / Acquisitions and participate and support HO-Compliance in bank wide projects relating to Compliance, provide input/recommendations, conduct special investigations and reviews.

• Ensure Bank’s Compliance/AML/KYC/CFT policies across overseas branches are adhered to; implement compliance Initiatives accordingly.
• Creating a well-built dynamic Compliance Team(s) across overseas locations. Ensure strong regulatory compliance culture evolves. Effectively roll-out and/or re-engineer compliance processes for enhancing efficiencies after analyzing trends and gaps. Establish KPIs.
• Manage regulatory inspections for overseas locations. Ensure timely response of queries by regulators, law enforcement agencies; assuring the quality/integrity of information.
• Supervise and control compliance function across IBG branches and ensure relationships with all regulatory authorities I agencies are managed appropriately .
• Provide compliant solutions to IBG Group Head and overseas branches. Ensure Banks internal procedures/policies/SOPs/Product Program remains compliant with applicable regulations that are relevant to each location.
• Act as the main point of contact and play a key role in facilitating trouble-free regulatory examinations, external audits and assist business/branches towards timely closure of any findings/ action items with Compliance monitoring.
• Drive Compliance control/process improvements and systems enhancements to increase effectiveness of AML/KYC compliance in all overseas locations in coordination with Business/Operations plus other cross-functional areas as necessary.
• Ensure all locations develop/maintain/update necessary local Compliance/AML addendums and regulatory checklists. Ensure database of all applicable regulations, laws, guidelines, notices and circulars are updated on banks Intranet for ready reference.
• Conduct/roll-out specific KYC/AML/Sanctions Embargo trainings on a regular basis. Ensure all staff in each location attend these training (including new staff) on an ongoing basis and understand their responsibilities under banks policies, responsibilities towards regulators (legal /statutory) and international bodies (UN, OFAC).
• Proactively coordinate/assist Head office Compliance and other Embedded Compliance Units for timely closure of Pan-bank
• Ensure AML monitoring reports/systems in all overseas locations are working satisfactorily in conformity with applicable regulatory requirements. Suspicious transactions detected are analyzed and reported (STR is raised) to the regulator within reasonable time.
  
  

• Degree educated, with further professional qualifications in Compliance, Risk, Law, or a related discipline ( ICA, ACAMS, CAMS, CRCM).
• 10- 15 years of overall experience compliance within International banking environments
• Solid understanding of banking products & operations, including Trade Finance, Documentation and International Payments / Settlements
• Extensive knowledge and understanding of Global Regulatory Environment.
• Deep expertise in global banking regulations, including AML/CFT, sanctions, conduct risk, data privacy, and prudential standards (e.g., FATF, Basel, OFAC, EU/UK regulations).
• Track record of managing complex regulatory change initiatives
• Experience leading, developing, and influencing geographically dispersed compliance teams,
• Strong command of written and spoken English. Computer literate.
• Understand people leadership. Management at its best with effective team play and strong leadership.
• strong analytical, communication, interpersonal skills; and decision-making abilities.