Analyze all credit/extension proposals of clients and prepare write up recommendation to management and CC for approval
Assist Business Units to identify legal risks and draft and/or review contracts/agreements, terms & conditions, etc.
Ensure that all credit policies, procedure, and regulatory compliancy standards are met
Managing credit risk and portfolio quality
Participate in new/update loan products review and approval process
Mitigate risks and to protect the company’s interest and reputation
Recommend controls to mitigate legal risks in relation to the introduction of new products/services, changes in products/services
Identification of issues and development/design of solutions
Act as a central point of reference and subject matter expert for regulatory compliance
Assist business units in seeking approvals/exemption from local regulator (NBC, MOC, GDT, MEF, etc.)
Develop and update the compliance policy, procedure, programs and checklist
Review all policies and procedures to ensure they all meet with law and regulation requirements
Consult and provide compliance recommendation and strategies to board, committees and management
Ensure that each department of the bank follows all applicable laws and regulations to prevent violations of legal guideline and internal policy
Prepare compliance report for management, BoD and committee
Work with Internal Audit Team to design compliance testing and
Perform related works as assigned by Chairman, committee and bank management. Ensuring that Divisional and Business Unit Compliance registers are maintained
Obtain documentary proof of suspicious transactions and ensure effective record keeping of suspicious transactions identified. Communicate surveillance results and findings to the hierarchy
Liaise with governmental authorities at various levels regarding legal aspects
Develop and implement the policies and regulations related with the Know Your Customer (KYC) and the Anti Money Laundering (AML)
Coordinate the effective implementation of the AML, F&A, Credit and other internal policies
Provide AML Training to all relevant staff as per schedule
Integrate AML regulatory policy into the day-to-day operational processes and procedures of the organization to prevent the AML/CFT operational risks
Prepare compliance report for management, board and committee
Assist management team with effective recommendations and implementation of compliant solutions, and provide relevant advice in regard to AML regulatory obligations
Send reports to NBC and Bank management
2. Requirements
At least 2 years’ experience in compliance, risk, or legal section (with certain exposure in the leasing industry)
At least undergraduate degree in law
Sound understanding and practical experience using accepted risk assessment methodologies
Ability to provide commercially oriented advice
Strong interpersonal skills with confidence to liaise effectively with individuals at all levels including senior management
Sound knowledge of the insurance’s products and services
Ability and willingness to learn and understand businesses
Excellent written and oral communication, planning, problem solving and organizing skills
Knowledge of regulations in insurance and financial services industries
Highly motivated, with strong commitment and entrepreneurial mindset
