Assistant Manager, Compliance

Position Overview:

The Assistant Manager, Compliance is a key member of the Compliance Unit, tasked with supporting the Senior Manager, Compliance, and the Corporate Manager, Operational Risk and Compliance in managing the Bank's overall Compliance and Anti-Money Laundering (AML) function. The successful candidate will ensure the Bank operates within its regulatory framework, providing leadership in the day-to-day operations of the Compliance Unit and promoting adherence to regulatory guidelines. This role demands a proactive approach to managing compliance risks, overseeing AML processes, and supervising the compliance team to achieve operational excellence and maintain the highest standards of ethical conduct. 

The successful candidate will demonstrate exceptional leadership, analytical skills, and a commitment to upholding regulatory and operational standards 

Key Responsibilities:

• Provides support to the Senior Manager, Compliance, and Corporate Manager, Operational Risk and Compliance, in fulfilling objectives mandated by regulatory authorities.
• Coordinates and manages the Compliance Unit's operations to ensure efficiency and achievement of compliance goals and objectives. 
• Coordinates and manages compliance reviews for GHO customer relationships to ensure adherence to regulatory requirements. 
• Oversees the Bank’s tax reporting programs, including CRS and FATCA, ensuring accurate and timely reporting. 
• Assists in coordinating the Bank's Annual AML/CFT risk assessment to identify, evaluate, and mitigate potential risks. 
• Acts as the team lead for specialized transaction monitoring activities, ensuring scenarios and reports in the Bank's AML monitoring application are properly calibrated and managed.
• Ensures timely response to Suspicious Activity Reports (SARs), Unusual Transaction Reports (UTRs), and Production Orders while maintaining accurate logs. 
• Maintains and updates relevant policies, procedures, and checklists to ensure compliance with current regulations. 
• Monitors relevant websites and updates to assess the impact of proposed AML/CFT legislation, regulations, or guidelines. 
• Coordinates the review of all high-risk accounts during the onboarding process and ensures proper documentation of findings. 
• Ensures timely submission of documents and addresses issues raised by Regulators, Internal Audit, External Auditors, or Operational Risk Units. 
• Assists with annual AML training for all Bank staff and supports training initiatives to enhance compliance awareness. 
• Ensures timely completion of staff performance appraisals, including probationary reports for new employees. 
• Develops corrective action plans to remediate compliance-related issues identified by Regulators, Auditors, and the Risk Department. 
• Coordinates the Bank's responses to third-party AML questionnaires, surveys, and inquiries from regulators regarding sanctions and name screening.

Minimum Qualifications & Experience:

• Minimum Bachelor's degree from an accredited College or University; 
• Minimum 5 years’ full-time experience in auditing, accounting, banking or related field,
• Knowledge of the principles of risk management and the major risks impacting financial institutions. 
• Knowledge of specific Branch and/or Bank policies, procedures and Bank services in assigned areas to appropriately fulfill assigned duties. 
• Proven ability to analyze and interpret quantitative and qualitative data. 
• Completion of the International Compliance Association (ICA) AML & Compliance Diploma (or similar) Course. 
• Good knowledge of business activities undertaken by Banks i.e. banking, trust, mortgage, insurance, etc. 
• Thorough knowledge of the regulatory/supervisory structure of the local financial markets, current banking regulations and industry standards, 
• Sound knowledge of the Bank's policies, procedures, operations, organization, internal controls, and the compliance process, 
• Leadership and motivational abilities in a dynamic changing environment. 
• Self-motivated with the highest level of integrity, objectivity and confidentiality in the execution of duties. 
• Excellent oral, analytical, interpersonal, written communication, presentation and computer skills. 

Why Join Us?

• Be part of a high-performing team that values innovation and excellence. 
• Competitive salary, performance-based incentives, medical insurance (including life, dental, and vision), and a robust pension plan. 
• Be part of a team that values your expertise and invests in your success!