JOB DESCRIPTION

LEGAL AND COMPLIANCE OFFICER

 The Legal and Compliance Officer responsibility is to ensure that the company complies with its external regulatory and legal requirements as well as internal policies and bylaws. You are also required to have extensive knowledge in Anti-Money Laundering / Proceeds of Crime Act (AML/POCA). The Legal and Compliance Officer reports directly to the Risk and Compliance Manager.

 Responsibilities:

• Assist with the development and management of a compliance sign-off process for each department
• Assist in the development of compliance initiatives and programs to comply with the respective legal, licensing, and regulatory obligations
• Provide assistance in preparing for impending regulatory changes or revisions to licensing structure
• Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
• Improve and maintain AML/CTF policies and procedures
• Ensure compliance with regulatory framework put in place by local and international stakeholders
• Aid in the improvement of tools to monitor, analyze, and report suspicious activity
• Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place
• Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
• Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions
• Provide oversight to the operational team, which acts as the first line monitors and investigators of suspicious activity
• Ensure consistent and timely feedback on cases that have been escalated
• Liaise with management to develop investigative strategies
• Develop and participate in compliance programs and initiatives
• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
• Ensure detailed and prompt investigation of all AML/CTF incidents and cases
• Report the resolution of cases through internal and external communications
• Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps
• Responsible for monitoring all legal affairs within their organization
• Maintain a proper register of all incidents reported internally and externally
• Develop and execute face-to-face training for staff in various business units as required
• Aid in general compliance awareness and refresher training
• Any other duties that maybe assigned