We are seeking an experienced Compliance Officer with practical experience in the financial sector and financial services companies. The successful candidate will be responsible for overseeing and managing the company’s compliance functions, ensuring adherence to applicable laws, regulations, and regulatory requirements issued by relevant authorities.
The role will also involve developing and updating compliance policies and procedures, monitoring Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) and financial sanctions requirements, contributing to compliance risk assessments and corporate governance, and coordinating with regulatory authorities and various internal departments.
A Bachelor’s degree in Law is considered an added advantage; however, the candidate is not required to be a licensed lawyer or hold a license to practice law.
Key Responsibilities
Compliance
Ensure the company’s compliance with applicable laws, regulations, and regulatory requirements issued by relevant authorities.
Develop and update compliance policies and procedures.
Participate in developing and enhancing AML/CFT and financial sanctions policies.
Implement and monitor compliance programs and conduct periodic compliance assessments.
Prepare regulatory reports and liaise with regulatory authorities.
Provide internal compliance and governance awareness and training.
Contribute to compliance Risk Assessments.
Monitor cases of non-compliance and corrective actions, ensuring that identified issues are properly addressed and resolved.
Policies & Procedures
Develop and enhance internal policies and procedures related to compliance.
Review existing policies and update them in line with regulatory requirements and best practices.
Ensure proper implementation and adherence to company policies and procedures.
Contribute to the development of the company’s governance and internal control framework.
Legal & Regulatory Research
Conduct legal and regulatory research relevant to the company’s business activities.
Analyze relevant local and international laws, regulations, and regulatory requirements.
Monitor legislative and regulatory developments and assess their potential impact on the company’s operations.
Prepare studies, reports, and analytical memoranda related to regulatory and compliance requirements.
Provide recommendations to management regarding new regulatory requirements and regulatory changes.
Risk Management & Compliance
Contribute to the identification and assessment of compliance risks.
Monitor compliance risk mitigation plans and regulatory control gaps.
Contribute to the development of compliance-related internal control frameworks and controls.
Monitor the effectiveness of compliance controls and procedures and conduct periodic assessments.
Negotiation & Relationship Management
Communicate and coordinate with regulatory authorities, partners, and external advisors when required.
Manage correspondence related to compliance and regulatory requirements.
Assist in preparing responses to regulatory inquiries, comments, and observations.
Coordinate with various departments to ensure the implementation of compliance requirements.
Required Qualifications
Bachelor’s degree in Law, Business Administration, Finance, Accounting, or a related field.
A Bachelor’s degree in Law is preferred and considered an added advantage.
3–5 years of relevant experience in the financial sector, financial services companies, investment firms, brokerage firms, or similar organizations.
Practical experience in compliance, corporate governance, and risk management.
Previous experience dealing with local or international regulatory authorities is preferred.
A legal practice license or litigation experience is not required.
Required Skills
Professional proficiency in English, both written and spoken.
Strong ability to understand and analyze regulatory laws, regulations, and requirements.
Ability to develop, review, and maintain policies and procedures.
Strong analytical and regulatory research skills.
Ability to interpret regulatory requirements and translate them into practical policies, procedures, and operational controls.
Strong reporting and presentation skills, with the ability to communicate effectively with senior management.
Ability to work under pressure and manage multiple priorities.
Excellent communication and presentation skills.
Strong analytical thinking and problem-solving abilities.
High attention to detail and accuracy.
Preferred Knowledge & Expertise
Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT)
International Sanctions / Sanctions Compliance
Know Your Customer (KYC) and Customer Due Diligence (CDD/EDD)
FATF Recommendations
Corporate Governance
Risk Management
Data Protection and Privacy
Capital Markets and Financial Services Regulations
Financial Regulatory Requirements
