Head of Compliance & CAMLCO

Job Description

Title: Head of Compliance & CAMLCO

Company Name: One of the progressive Regional Foreign Banks

Vacancy: 01

Job Location: Anywhere in Bangladesh

Employment Status: Full-time

Educational Requirements:
∎ Bachelors / Masters in any discipline from any reputed university

Experience Requirements:
∎ At least 15 year(s)

Job Responsibilities:
∎ Develop and implement risk-based compliance monitoring program for identifying, assessing and reporting of all material compliance risks.
∎ Monitor performance of Compliance, identify deviations to ensure the Bank's overall performance.
∎ Ensure that compliance procedures, systems and controls are up to date and effective.
∎ Manage compliance risk assessment process, ensure that compliance risks are appropriately identified and assessed.
∎ Identify gaps and establish adequate controls to ensure Compliance of Regulatory Guidelines/Circulars/Requirements/Inspection reports pertaining to the Bank.
∎ Preparation of the compliance department budget and monitor the financial performance of a given area of activity versus the set budget to ensure alignment with set budget guidelines.
∎ Lead the Compliance Department including Anti Money Laundering and Monitoring Unit to ensure that all regulatory and internal policies and directives are complied with and bank is free from ML and TF related risks.
∎ Dissemination of regulatory guidelines and circulars to respective stakeholders for compliance and escalation of issues and incidents to avoid / minimize future regulatory observations.
∎ Review Bank's Policies/procedures and new initiatives from compliance perspective.
∎ Conduct Compliance checks in branches.
∎ Update internal processes and procedures related to AML and Prevention of Terrorist Financing with regulatory changes.
∎ Provide training to employees depending upon requirement on AML & Compliance matters including internal policies & procedures, application of standards & guidelines and relevant laws & regulatory requirements; thus, promoting and enhancing a strong bank wide compliance culture.
∎ Recommend improvements to departmental policy and ensure the implementation of procedures and controls, so that all relevant procedural/ regulatory requirements are fulfilled while delivering a quality and cost- effective service.
∎ Maintaining an effective & efficient interaction / liaison with regulators and ensure bank's views are presented properly while facilitating supervisory activity of regulators.

Additional Requirements:
∎ Knowledge of best practices in compliance, governance frameworks, methodologies & emerging compliance practices for monitoring and risk assessments.
∎ Detailed knowledge on regulatory directives and regulations, KYC, AML guidelines, sanctions and general banking policies and procedures.
∎ Acquaintance with core risks in banking.
∎ Adequate knowledge of local and international banking laws, regulations and compliance standards.
∎ Experience of communicating with regulators and assisting with regulatory enquiries and inspections.
∎ Highly developed communication and influencing skills with ability to build relationships across the organization at all levels.
∎ Pragmatic thinker and capable of quickly interpreting information for presenting arguments in a clear and reasoned way.
∎ Processes driving ability to establish & follow new processes, to challenge constructively and to enforce appropriate boundaries.
∎ Highly committed, politically astute, self-confident demeanor and matured social skills.

Salary:
∎ Negotiable
∎ Attractive and Competitive Compensation package in line with market and competency of person shall be offered.

Compensation & Other Benefits:
∎ Medical allowance, Performance bonus, Provident fund, Insurance, Gratuity

Application Deadline: May 14, 2019

Company Information:
∎ One of the progressive Regional Foreign Banks

Category: Bank/Non-Bank Fin. Institution