Job Summary
The Compliance Officer is responsible for ensuring that the firm operates in full compliance with all applicable regulatory requirements, internal policies, and industry standards.
The role involves monitoring regulatory changes, implementing compliance frameworks, managing risk exposure, and ensuring that all financial and operational activities align with the regulations set by relevant authorities.
The Compliance Officer will also promote a strong culture of ethics, transparency, and accountability across the organization.
Key Responsibilities
Regulatory Compliance Management:
Ensure the firm complies with all relevant financial regulations, laws, and regulatory guidelines.
Monitor regulatory updates and advise management on compliance implications.
Maintain compliance with regulatory bodies and industry standards applicable to financial management firms.
Ensure all company activities align with statutory and regulatory requirements.
Policy Development & Implementation:
Develop, implement, and update internal compliance policies and procedures.
Ensure employees understand and adhere to the firm's compliance framework.
Establish internal controls and guidelines to prevent regulatory breaches.
Periodically review policies to ensure they remain relevant and effective.
Risk Assessment & Monitoring:
Identify potential compliance risks within the firm's operations and financial activities.
Conduct compliance risk assessments and recommend mitigation strategies.
Monitor transactions, processes, and internal practices to detect irregularities or non-compliance.
Ensure proper documentation and risk management practices are maintained.
Internal Compliance Audits:
Conduct periodic internal compliance reviews and audits.
Evaluate existing internal controls and recommend improvements where necessary.
Prepare audit reports highlighting compliance gaps and corrective actions.
Follow up on implementation of recommended compliance measures.
Regulatory Reporting & Documentation:
Prepare and submit required regulatory reports and documentation to relevant authorities.
Maintain accurate compliance records, filings, and documentation.
Ensure proper documentation of company processes and regulatory interactions.
Support external audits and regulatory inspections when required.
Training & Compliance Awareness:
Provide compliance training and guidance to employees.
Promote awareness of regulatory requirements and ethical standards.
Advise management and staff on compliance-related matters.
Ensure all departments understand their regulatory obligations.
Investigation & Issue Resolution:
Investigate suspected compliance violations or ethical breaches.
Provide recommendations to management on corrective and preventive actions.
Escalate serious compliance concerns to senior management when necessary.
Ensure timely resolution of compliance-related issues.
Requirements
Bachelor's degree in Law, Finance, Accounting, Business Administration, or a related field.
3 - 6 years of experience in compliance, risk management, audit, or regulatory roles within the financial services sector.
Strong knowledge of regulatory compliance frameworks and financial industry regulations.
Professional certifications such as ACAMS, CRCM, ICA, or ICAN are an advantage.
Strong analytical, investigative, and reporting skills.
High level of integrity and attention to detail.