Compliance Officer, Business, Regulatory

**Job Scope / Position Summary**
- Compliance Officer, Business, Regulatory & AFC Compliance is part of the Compliance and AFC Functions responsible to support (a) all Business and Regulatory compliance, ensuring the implementation of processes and procedures designed to ensure compliance with (i) laws and regulations applicable to the business/operation; (ii) regulations, rules and standards established by regulators; (iii) Group’s internal standards on compliance; (iv) Code of Conduct; and (v) development affecting legal and regulatory requirements governing the Company; (b) all AFC activities. The allocation of tasks will be at the discretion of the direct supervisors.
- No. of subordinate: Nil. The primary responsibilities is to support:

- (i) Business and Regulatory Compliance
- Business Compliance
- oversee the compliance with the applicable regulations pertaining to distribution, products, etc. Provide advisory and support to the different Business Units on compliance matters
- Regulatory Compliance - Oversee the compliance with the applicable regulation. Provide advisory and reporting to the entity’s management and CEO on compliance matters and risks
- Perform second level controls.
- Perform reporting obligations to Group/Regional Compliance, local management and Risk/Sub-Risk Committee.
- Maintain the relationship with the local Regulator/Authority and ensure request and enquires are met
- Provide training and support on compliance related topics to staff and management in line with the Annual Plan

(ii) AFC activities - to support AML/CFT, sanctions, anti-bribery and anti-corruption and maintenance of ISO Certificate for Anti-Bribery (ISO37001)
- Advise on maintaining the AML/CTF & International Sanctions Control framework and undertaking his/her responsibilities as AMLO/MLRO
- Prepare the AML/CTF/International Sanction Annual Report and Plan for the local Board of Directors and quarterly updates report for the local Board of Directors, including second level controls activities carried out, their results and remedial actions
- Provide the Group Anti-Financial Crime Function with the reports and the plans submitted to the Board of Directors as soon as they are approved and with the outcomes of the control activities and any other significant information
- Provide the Group Anti-Financial Crime Function with updated on AML/CTF/International Sanction activities in the plan; escalates any significant issue
- Provide advisory and reporting to the entity’s management and CEO on AML/CTF/International Sanction and Anti-Financial crimes matters and potential risks
- Review specific cases and required reporting to the relevant authorities - Coordinate the AML/CTF risk assessment and advise on the identification of mitigation actions
- Perform second level controls to test their effectiveness - Monitor the effective implementation of any risk mitigating measures
- Non-financial KPI. Key Control Function
- Challenges to ensure full compliance with the relevant regulations and balance between the business needs and regulatory expectations.
- Internal - all stakeholders. Nature of communication is on advisory, assurance review and implementation of new or changes to regulations; External - Regulators. All compliance issues, appli cations, etc. Good rapport with regulators.

**Main Responsibility**

1. Embedding Compliance - Demonstrate that Compliance’s opinion is embedded in strategic initiatives, critical projects, product assessments, etc (Compliance by design)

2. Advisory and reporting on compliance matters and risks:

- Oversee the compliance with the applicable regulation and provide advi sory on compliance matters and risks to local executives, business units and staff;
- Provide regular reporting to the local Board of Directors/Executive Committee - as required by the Group Compliance Management System Policy as well as other reports that may be necessary for the Board of Directors to stay informed and perform its compliance oversight obligations;
- Inform the Executive Committee / the management of material compliance risks that derive either from business initiatives or new laws and regulations impacting the entity’s compliance risks
- Provide support on specific projects such as distribution partnership, due diligences, different business projects, and/or others
- Providing advice to the business, products and distribution channels
- Prepare and provide reporting to Group/International/Regional Compliance on material compliance risks and the main key compliance indicators: regulatory inspections, potential fines, main regulatory changes and allegations reported

3. Provide training on compliance topics:

- Ensure all Compliance Function’s members are undertaking adequate trainings and development plans in line with the Annual Plan of Activities
- Advise on the implementation of specific compliance training plans for staff and/or distribution network
- Design the material and deliver t