Senior Compliance Officer | Beirut

Beirut
On demand
Posted on February 21, 2021 - 16 days ago - Beirut
Details
Price
On demand
Governorate
Beirut
Area
Function
Mortgage Broker
Employment
Full-time
Description

Senior Compliance Officer | Beirut

The Senior Compliance Officer is responsible for assisting in developing, implementing, administering, and controlling the Company’s compliance policies, in a manner that fulfils Company’s mission and strategic goals to manage compliance risks.



Develop policies and procedures in line with the local laws & regulations and the Company’s internal processes in the countries of operation.


Develop and ensure the proper implementation of established policies and procedures across the Company in coordination with the direct superiors.


Ensure compliance of the Company with laws and regulations in the countries of operation.


Participate in designing, developing and maintaining the AML, laws and regulations library, and legal compliance work programs in conformity with laws, insurance circulars and best practices.


Implement measures for complying with sanctions and restrictions set by government authorities, in those countries in which the company operates, and countries from where the business originates.


Provide timely feedback to the direct superiors regarding the effectiveness of the compliance control measures, the legal compliance work programs, and recommend improvements where necessary.






Stay informed of compliance trends and international sanctions and advise management on necessary changes to existing AML and Compliance policies and procedures.


Gather information on suspicious clients and stakeholders, and coordinate with regulatory authorities in the country of operations.


Work closely with business entities to establish, maintain and continuously monitor legal compliance risks.

Develop and implements systems for the identification, collection and analysis of compliance risk data.


Report to the Executive Committee and the process owners incidents of non-compliance along with remedial actions, in addition to suspicious and risky operations, or issues involving Money Laundering activities (if any).


Assist in establishing risk compliance reporting in an appropriate format for management review.


Monitor the Compliance plan/program outcome, and provide a monthly summary to the direct superiors on its progress.


Identify and suggest any potential improvement in the department’s working methods by researching AML and Legal Compliance international practices.


Organize training sessions to enhance awareness among employees and keep them abreast of latest developments in AML and Compliance

Performs other related duties as assigned or requested by his direct superior.

 

Academic Qualifications

Master's degree in Finance, Business Administration, or related field, or a

Bachelor's degree, together with relevant professional certification such as CAMS, CFCS, or equivalent

Requirements:

Minimum of 6 years of experience in compliance, audit, or risk fields with a BA.



Minimum of 3 years of insurance specific experience and understanding of legal risks affecting life and general insurance business.

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