Risk and Compliance Officer

Responsibilities

• Implement Risk and Compliance unit plan based on business objectives and provide assurance on effectiveness of internal controls.
• Assist Risk and Compliance Senior Officers to evaluate risk and determine areas of highest exposure with intent to implement mitigating controls.
• Perform AML risk assessments as per bank’s AML/KYC policy.
• Conduct monitoring review of all key risk areas including but not limited to AML, KYC, Account opening, Dormant account reactivations, Agent Banking, Mobile Banking and outcome are communicated to Senior Risk and Compliance Officer.
• Conduct training to staff on AML/KYC regulatory requirements to build a risk-aware culture.
• Carry out all different review of assignments independently with minimum supervision in accordance with the Risk and Compliance procedures.
• Conduct counterparty risk assessment before on-boarding new counterparty and continue to monitor their performances.
• Follow up on the closure of various issues raised in different bank reports, e.g. External audit/examination reports and internal audit reports.

Requirements

• Minimum of 2 years working in a bank in various department such as Risk and Compliance, audit or any other related field.
• Methodical critical questioning and logical thinking; data-driven decision maker.

Qualifications

• Minimum of 2 years working in a bank in various department such as Risk and Compliance, audit or any other related field.
• Honest person with high integrity and independence who will observe professional ethics in executing his/her duties.
• At least Bachelor degree, ideally with a focus on Accounting, Business administration, Finance/Risk Management.
• Professional qualification like risk management, compliance, CAMS or CFE will be an added advantage.
• Ability to prioritize tasks according to their importance for SMFB’s operations and strategic goals.
• Ability and willingness to learn and improve continuously.
• Substantial understanding of audit/risk management methodologies and regulatory requirements related to information security, privacy, and/or data security.

Skills