Senior Compliance Specialist (225-1010)

A Senior Compliance Specialist plays a crucial role in ensuring that an organization adheres to external regulations and internal policies. This position demands a deep understanding of compliance requirements across various sectors, and the capability to apply this knowledge effectively to minimize risks. The Senior Compliance Specialist works collaboratively with both management and the operational teams to establish rigorous compliance frameworks and enhance the organization's compliance culture. They also keep abreast of all relevant legislative developments, assess their implications, and advise the organization accordingly. The ability to perform audits, analyze findings, and recommend actionable improvements is key to this role. Moreover, effective communication skills are necessary to convey complex compliance issues to stakeholders at all levels of the organization.

Responsibilities

• Develop and implement compliance policies and procedures across the organization.
• Monitor compliance with regulatory frameworks and internal policies to prevent non-compliance.
• Conduct regular audits and inspections to identify and rectify compliance issues.
• Evaluate existing compliance programs to ensure they are up-to-date and effective.
• Provide training and guidance to staff on compliance-related matters and best practices.
• Prepare detailed reports on compliance activities and present findings to senior management.
• Stay updated on industry regulations and inform stakeholders of any relevant changes.
• Facilitate communication between regulatory bodies and internal departments to maintain clarity.
• Advise operational teams on the implications of legal and regulatory developments.
• Conduct risk assessments to identify potential compliance risks and create mitigation strategies.
• Manage compliance violations and work towards quick and efficient resolutions.
• Collaborate with external auditors and regulators during compliance audits and reviews.

Requirements

• Bachelor’s degree in Law, Finance, Business Administration, or related field.
• Minimum of 5 years’ experience in compliance roles within the relevant industry.
• Strong knowledge of legal requirements and controls for the specific sector.
• Excellent analytical and problem-solving skills to assess risks and develop solutions.
• Exceptional communication skills to effectively convey complex compliance issues.
• Proven experience in conducting audits and implementing compliance improvements.
• Ability to develop compliance training programs and lead training initiatives.