SEVP - Compliance, IBG.Injaz-Compliance Div.-IBG.Compliance Group

Responsibilities

• ● Implement recommendations made by international bodies such as United Nations, European Union, FATF, Basel, Wolfsberg etc.
• ● Ensure compliance of various sanctions embargos such as OFAC, EU, UN etc. and ongoing update of bank's sanctions matrix.
• ● Support business by providing compliant solutions and/or identifying strategic risks.
• ● Intervene where necessary to stop a transaction, process business proposal if not in compliance with the regulatory requirements and/or international best practices.
• ● Provide assurance to Management that all processes/controls at IBG branches are in line with regulatory requirements.
• ● Pro-actively escalate critical issues (compliance / regulatory) that affect the bank; take timely actions to ensure bank/branch is not investigated, charged, fined or publicly castigated by any regulatory authority in any location.
• ● Assist business in obtaining regulatory approvals wherever possible; New Branches / representative office Licenses, Product Launches, Outsourcing, Mergers / Acquisitions etc.
• ● Participate and support HO-Compliance in bank wide projects relating to Compliance, provide input/recommendations, conduct special investigations and reviews.
• ● Roll-out systems and initiatives across IBG branches as per the guidelines of HO-Compliance.