- Assisting in developing/reviewing internal policies and procedures, and terms and conditions of new products and activities in compliance with laws and regulations;
- Regularly reviewing the compliance program and recommending appropriate revisions and modifications, including advising administrative leadership and the board of directors of potential compliance risk areas;
- Coordinating resources to ensure the ongoing effectiveness of the compliance program;
Advising management on the bank’s compliance with laws and regulations through detailed reports;
- Creating and manage effective action plans in response to audit discoveries and compliance violations;
- Ensuring that the customer acceptance policy, customer due diligence, record keeping, on-going monitoring, reporting of cash transactions, reporting of suspicious transactions and other AML/CFT measures are implemented effectively;
- Regularly conducting compliance and AML risk assessment to assess the current state and identify areas for enhancement in alignment with the compliance and AML/CFT management practice with regulatory guidelines and industry practices;
- Identifying compliance and AML/CFT risk associated with new products and services or variations to existing products and services;
- Providing training on AML/CFT and compliance to new staff and refreshment to the existing staff;
- Developing AML/CFT and Regulatory Compliance training materials and update them in case of necessity.
- Ensuring all employees are educated on the latest regulations and processes;
- Keeping up-to-date and Monitor changes in relevant laws and regulations environment and ensure that the Management is well informed and appropriate actions are taken;
- Performing other tasks as required by line manager.
