CalBank is here with a new job vacancy. The bank is looking for a new Regulatory Compliance Manager. The role holder is responsible for enforcing Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements. Additionally, it establishes Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) measures, aimed at preventing the bank’s systems, channels, products, and services from being exploited for illicit purposes. It also safeguards against employees being used as accessories for money laundering, terrorist financing, and related offenses.
Duties:
- Report all Statutory and Regulatory activities to the Head of Department.
- Oversee Regulatory functions in the department, ensuring effective execution of statutory and regulatory requirements.
- Coordinate the preparation of Compliance and AML/CFT&P reports for Management, Board, and Regulators, subject to review by the Head of Department.
- Manage Compliance liaison with Regulators, Correspondent Banks, Law Enforcement, Major Shareholders, and other Counterparties for Compliance and AML/CFT&P engagements.
- Manage the Bank’s Regulatory Compliance Universe, updating with new releases, and monitoring all regulatory and statutory requirements for full compliance.
- Manage the Bank’s Regulatory Reporting Tool, updating with reporting requirements, ensuring timely submission of all regulatory/statutory reports, and ensuring full compliance.
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Qualification And Experience:
- Bachelor’s degree in Finance, Business Administration, Law, or a related
- Master’s Degree in a relevant field is a plus.
- Minimum of 8 years of overall work experience, with at least 4 years in a supervisory role in Compliance, AML/CFT&P, Risk Management, or related fields within the financial industry or banking sector.
- Professional membership in the Association of Certified Anti-Money Laundering Specialists (ACAMS), the International Compliance Association, or any other recognized related professional body.
- Professional certifications in compliance, such as Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), or equivalent, is highly desirable
- Experience in preparing and submitting Compliance and AML/CFT&P reports to Management, Board, and Regulators.
- Experience in developing and updating compliance-related policies and procedures.
- Proficiency in Microsoft Office tools (Excel, PowerPoint, Word, etc.).
- Track record of liaising with Regulators, Correspondent Banks, Law Enforcement, Major Shareholders, and other Counterparties on compliance matters.
- Proficiency in working with regulatory bodies and handling compliance visits and audits.
- Excellent communication skills, both written and verbal, with the ability to provide regulatory perspectives for policies and procedures.
- Leadership experience, including managing teams and setting performance objectives for staff.
- Sound knowledge of risk management principles and practices related to compliance activities.
- Strong analytical and problem-solving skills with an eye for detail and accuracy.