Senior Compliance Executive

iFAST Global Bank (iGB) is seeking a highly motivated SME to be responsible for providing support to the Compliance and Risk Function in a variety of compliance related areas including monitoring the execution of the bank’s internal policies and procedures.

iGB provides global banking connectivity and convenience to consumers, corporates and financial institutions through accessible products and services. We are driven by a highly committed team with the vision, motivation, and expertise to pioneer innovative products and services. Our core values include creating value for our customers, partners, and communities by working collaboratively, forging new connections, sharing innovative ideas, and removing unnecessary barriers.

As a Senior Compliance Executive, your duties will include:

• Provide expert support and advice to Business lines and intra-team, on Regulatory Compliance processes, systems & controls.

• Act as a senior subject matter expert (SME) on legal and regulatory Compliance subjects of interest, sharing key information and supporting the Team/Bank and on any queries in this regard.

•  Keep abreast of regulatory changes that will impact the business.

• Assist the Compliance Manager in providing advice and guidance on new regulations which impact the business.

• Identify potential areas of compliance vulnerability and risk, direct such vulnerabilities to the Compliance Manager, Money Laundering Reporting Officer, and the Chief Risk Officer; maintain and report on the development and implementation of corrective action plans for the resolution of problematic issues, including the guidance provided on how to avoid similar situations in the future.
• Assist in reviewing and approving CM Testing Reports completed by other staff in the department; escalate any urgent findings to the Compliance Manager.
• Assist in conducting the required checks to effectively support the Compliance Monitoring Plan and to identify any deficiencies in control procedures through review/inspection of policy/process/procedure or other relevant document, interviews with appropriate personnel and observation of the application of the control procedure.
• Preparing the Compliance Monitoring Test report, outlining the findings and corresponding remedial work required to bridge any gaps identified in the execution of the bank’s internal policies and procedures.
• Preparation of management information for Senior Management Committees, such as the Executive Risk Committee

Requirements

Minimum 3 years’ experience preferably in a Compliance/AML related role.

• High standard of accuracy and attention to detail
• Good analytical skills
• Excellent research skills
• Strong written and verbal communication skills
• Advanced knowledge of MS Office
• Problem solving skills
• Strict work ethics

Benefits

• 25 days annual leave entitlement plus 8 bank holidays
• Pension scheme, 4% employer contribution
• Private Medical Insurance
• 60-40 Hybrid working after successful probation period
• Training and development
• Free gym access in the building