Senior Compliance Consultant

Job Description: Senior Compliance Consultant (2nd VP Level)

Reporting To:

Functional Reporting Line : Regional Head of Compliance, Asia Pacific

Local Reporting Line : Head of Risk Management, NOS Pvt. Ltd

Scope of Work:

- Oversees the review, interpretation, and dissemination of current and proposed applicable laws and regulations, code of conduct and ethics and industry best practices.

- Provides consultation and advice to partners regarding compliance and regulatory risk.

- Work with the business units on business development strategies to minimize regulatory risk and assure compliance with internal policies, relevant laws and legislation.

- Establishes and conducts training courses for all staff on AML/Sanctions; code of ethics and conduct;
regulatory requirements and updates; related industry best practices and compliance related matters.

- Appointed MLRO and responsible for matters relating to anti-money laundering, Economic Sanctions, and anti-terrorist financing. This also includes providing guidance to and oversight of the local AML team.

- Responsible for any data protection issue from the Compliance perspective. Responsible for the Compliance sign-off on activities/processes migrated to Bangalore office.

- Responsible for the planning and execution of the Compliance Monitoring and Testing Programme (“CMTP”) for NOS activities, in coordination with the Asia Pacific Regional Manager of Compliance Testing.

Duties:

- Review, understand and analyse the impact of regulatory changes and thereafter disseminates the information to the relevant business units.

- Provide compliance advice (including regulatory implications) to the business on any ongoing business issues and new activities/processes migrated to Bangalore office.

- Provide compliance advice on procedural changes and review the appropriateness on changes made to procedures manuals.

- Review of documentation that requires compliance input and provide the advice/comments appropriately. This also includes providing Compliance sign-off on new activities/processes migrated to Bangalore office.

- Provide advice/feedback to the business on any risks noted during the course of work.Maintain the complaints log and breach register; and work jointly with the business to investigate and follow-up on complaints and breaches/errors.Maintain and update the Compliance Manual.

- Appointed MLRO and responsible for matters relating to anti-money laundering, Economic Sanctions, and anti-terrorist financing.

- Responsible for any data protection issue from a Compliance perspective.

- Prepare and follow up on any regulatory reports and queries; and compliance related queries from the other location with activities/processes migrated to Bangalore office and ensure relevant compliance and risk issues are escalated appropriately back to the delegating offices.

- Prepare compliance reports for submission to relevant internal governance bodies.Attend the relevant local governance meetings where applicable.

- Organize and manage the implementation of new compliance initiatives as and when required.Prepare, arrange and provide the relevant training for staff on compliance related training such as anti-money laundering and anti-terrorist financing; code of ethics and conduct; fiduciary duties; regulatory requirements & updates; and industry best practices.

- Provide audit services support from the compliance perspective.Interacts with regulators, internal and external auditors on regulatory and compliance related topics.Maintain and update the CMTP, in coordination with APAC Regional Manager of Compliance Testing.

- Undertake the scheduled compliance monitoring and testing reviews. Complete review work within defined timescales as set out within the CMTP, ensuring that work is of high quality and completed using standard templates, including the issuance of the final report.

- Work closely with the Compliance Officers and MLROs in the APAC, EMEA and NA, including sharing of information and knowledge. Carry out any special/adhoc projects as and when the need arises.

Knowledge of Skills:

- Good knowledge and understanding of the local regulations and industry best practices.

- Good knowledge and understanding of the regulatory and industry best practices developments, particularly in the areas of compliance, corporate governance and risk management.

- Proficiency in PC software essential (MS Word, MS Excel)

- Good knowledge of risk assessment and compliance testing methodologies and approaches.

Experience and Qualification:

University Degree: Minimum 10 years of experience, preferably with strong financial industry knowledge/background coupled with compliance or audit or legal or risk management course of work.

- Experience in interfacing and communication with all level of staff

- Experience in dealing with regulators

Attributes:

- Analytical

- Detailed Oriented

- Able to articulate and conceptualize ideas/views clearly

- Good interpersonal skills with the ability to deal with all levels of staff

- Approachable

- Good communication skills - verbal and written

- Resourceful

- Good negotiation skills

- Good listening skills

- Team player

- Hard working

- Dedicated and responsible

- Trustworthy and reliable

- Independent

- Takes initiatives and enthusiastic to learn