Job Overview

• The Country Compliance Officer will oversee and comply with local in-country regulations for all of the Company’s products and services offered within the jurisdiction.
• The Country Compliance designs regional compliance policies, procedures, and practices that adhere to global and regional regulatory requirements and serves as a subject matter expert for regional regulatory requirements.

Key Responsibilities

• Oversee and implement the strategies, policies, and design procedures for country compliance programs in line with global and jurisdictional regulatory requirements and industry-standard best practices.
• The Country Compliance Officer may also serve as the local Money Laundering Reporting Officer, responsible for promptly reporting potentially suspicious activity to regulators.
• Draft and submit for approval regional addendums to the Company’s compliance-relate policy and procedure, as required, to design controls and processes that meet or exceed local regulatory requirements and expectations.
• Monitor, evaluate, and report on the effectiveness of regional compliance policy, procedures, processes, systems, and technologies, escalating potential risks, making recommendations for improvements, and implementing necessary changes.
• Proactively identify when regional/local compliance requirements differ from the company’s global standards, particularly regulatory requirements or expectations more stringent than the company’s global standards.
• Adhere to a global regulatory change management program to maintain a comprehensive and integrated approach to compliance. Maintains a register of jurisdictional regulatory requirements for registration in the local jurisdiction.
• Oversee regulatory exams from the local regulator(s) and manage responses and proposed remediation efforts in coordination with the Country Compliance Oversight Manager.
• Develop and present regional compliance reporting for local senior management and board reporting. Escalate risks and issues as appropriate and in line with global reporting standards.
• Develop and track various compliance monitoring metrics, key performance indicators, key risk indicators, and key control indicators to ensure consistent framework, standards, and risk tolerances are followed throughout the local jurisdiction.
• Establish and maintain strong relationships with internal stakeholders with relevant subject matter expertise to stay updated on global and regional compliance regulations, best practices, and emerging trends.
• Collaborate with cross-functional teams through coordination with the Country Compliance Oversight Manager, including Legal, Professional Services, Risk Management, and Operations, to drive compliance initiatives, resolve issues, implement controls, and suggest enhancements.
• Collaborate with and seek guidance from advisory counterparts in Compliance to understand the underlying purpose of company policy as well as any nuanced regional requirements. Liaise with Compliance counterparts regarding local trends, financial crime typologies, or other issues that may warrant attention within the centralized compliance functions.
• Assist with recruiting, hiring, and training of qualified, competent local compliance staff, as required.
• Escalate any staffing requirements or concerns for the local jurisdiction
• Ensure appropriate escalation of identified compliance issues to relevant stakeholders and senior management.
• Manage short-term deadlines as well as long-term strategic initiatives.

Requirements & Qualifications

• Bachelor’s degree in Financial Management or Investment Management, Business Management, Commerce, Commerce in Business Innovation and Entrepreneurship, or a related field. Advanced degree preferred.
• Minimum of 10 years of experience in a leadership role regarding regulatory compliance oversight with extensive knowledge of BSA/AML, payment processing, digital payment regulations, and best practices preferably at a financial institution. Strong command of local
• regulations and enforcement trends across various areas of compliance.
• Ability to drive, implement, oversee, and manage regional policies and procedures to ensure global and local compliance with regulations and best practices.
• Proven track record of successfully managing regulatory compliance functions, implementing best practices, and driving process improvements.
• Excellent analytical, problem-solving, and decision-making abilities. Must possess the ability to understand and anticipate the broader impact of enhancement initiatives and engage appropriate stakeholders.
• Effective communication and presentation skills, with the ability to influence and collaborate with stakeholders at all levels.
• Ability to navigate complex regulatory environments and adapt to changing regulations.
• Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) are highly desirable.

Deadline: Not specified