Senior Compliance Officer - Buna Senior Compliance Officer - Buna …

As the implementation phase of Buna, formerly known as the Arab Regional Payment System (ARPS), project picks up momentum, we are looking for a responsible Senior Compliance Officer to join our founding team. Duties of the Senior Compliance Officer include working cross-functionally to lead, develop, execute, monitor, and communicate Buna’s compliance management system. The job holder is also responsible for ensuring that all systems and operations are up-to-date and in line with compliance requirements and industry best practices. This position will report to the Chief Risk & Compliance Officer.

In this context, the following sections detail the main qualifications, skills and responsibilities related to this position:

Job Responsibilities

Compliance Management and Implementation

• Develop and implement the Buna Compliance program
• Review and test the Buna Compliance program with applicable laws and make recommendations to management as necessary to improve/enhance Buna compliance framework
• Ensure compliance operations and processes are in line with regulatory and stakeholder requirements including Data Protection
• Carry out the day-to-day administration of the compliance program
• Manage compliance metrics, reporting and process design
• Evaluate compliance systems and ensure adequate software is in place
• Scan the environment to identify issues, recommend and implement processes
• Assist with monitoring and testing as required
• Conduct vendor due diligence
• Liaise with auditors/examiners during compliance audits/examinations as assigned
• Conduct compliance risk assessment training workshops
• Follow up on compliance issues that require investigation
• Identify and interpret new/changed applicable laws relevant to the Buna business
• Perform impact analysis of new/changed applicable laws
• Coordinate, communicate and maintain business relationships with internal and external parties on various legal and compliance related matters

  Reporting

• Effectively communicate and report out on plans, status, issues, risks, and requirements to all levels of stakeholders
• Keep up-to-date on industry and regulatory changes

  Policy/ Process Development

• Review and/or draft forms, disclosures, agreements, etc. as the need arises
• Draft, modify and implement Buna policies, procedures and handbooks, as needed, to reflect industry best practices, the evolving regulatory environment and changes to the business
• Assist with the preparation, organization, and maintenance of corporate documents
• Draft contracts and related internal compliance materials
• Assess, in collaboration with the risk management team, money laundering / terrorist financing risk, recommend mitigation plans and controls
• Research, analyse and provide recommended remediation efforts for clients that present AML and/or reputational risk

Qualifications and Skills

Experience & Education

• 5+ years of work experience including audit, operations, or compliance management
• Prior experience in financial industry, payments, and /or banking compliance
• Bachelor’s degree from a reputable university preferably in business, economics, finance, or accounting, or an equivalent combination of education and work experience
• Relevant certifications (e.g. CBCO, CRCM, CAMS, CUERME, CRCP) are preferred

Skills

• Advanced knowledge of AML/CTF regulatory requirements, ccompliance methods, practices, tools and procedures, policy/ process development, compliance management and compliance programs implementation
• Excellent communication skills (oral and written) with ability to effectively communicate by telephone, face to face, email and written
• Proficient in Microsoft Office (Outlook, Word, Excel and PowerPoint)
• Excellent organization and time management skills, and ability to work on own initiative, accurately to tight deadlines, and to prioritize between conflicting demands
• Ability to handle multiple tasks with tight deadlines simultaneously
• Effective team player and excellent relationship building skills with ability to demonstrate a high level of discretion and positive attitude with all internal and external stakeholders
• Ability to maintain the highest level of confidential/sensitive information and professionalism
• Flexibility and readiness to work beyond regular working hours and as required

Languages

• Fluent in English & Arabic
• Knowledge of French is a plus