Buna, the Arab Regional Payment Platform, is looking for a responsible SeniorCompliance Officer to join our founding team. Duties of the Senior Compliance Officer include working cross-functionally to lead, develop, execute, monitor, and communicate Buna\xe2\x80\x99s 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\xe2\x80\x99s 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
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