IDB2334 - Manager/Senior Manager Compliance

The Senior Compliance Manager reports directly to the Chief Risk Officer (CRO) and coordinates closely with the Legal Office and IsDB Compliance function.  The Senior Compliance Manager is responsible for ITFC’s compliance policies dealing with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT), KYC, sanctions, taxations, confidentiality, use of information and information barriers, personal investment and conflict management. 

Under the supervision of the CRO, the Senior Compliance Manager is responsible for overseeing, designing, developing and implementing compliance policies, procedures and processes. The Senior Compliance Manager shall fully integrate compliance into ITFC daily business activities.

Specific responsibilities include, but are not limited to the following:

1. Develop, maintain, disseminate and ensure implementation of compliance policies, guidelines, procedures and programs covering all ITFC activities and consistent with ITFC’s Articles of Agreement, MDBs’ practices, international standards and any applicable international laws and regulations;
2. Review final drafts of policies and procedures from compliance point of view and provide ongoing compliance-related input for the early drafts of policies and procedures;
3. Setup and continuously evaluate the adequacy of KYC screening systems to detect and prevent AML/CFT/Taxations/Sanctions risks in an MDBs environment;
4. Conduct compliance risk assessments, develop a compliance plan and regularly assess ITFC’s compliance culture and design training programs to address gaps;
5. Assist in developing policies and systems regarding staff personal trading and investment;
6. Assist senior management in identifying and assessing potential compliance issues and provide advice to staff on all compliance related policies and systems covering procurement, clients, business partners, suppliers, employees, and others;
7. Ensure compliance with Code of Conduct and implementation of whistle-blowing procedures and report to CRO on all instances of whistle-blowing;
8. Ensure compliance with applicable laws, regulations and AML/CFT requirements as well as ITFC’s internal policies, guidelines and procedures and report to CRO findings of ongoing monitoring of activities and operations regarding compliance;
9. Provide summary data on compliance issues to CRO, on annual basis;
10. Perform sufficient and representative compliance testing, including spot checks; and make enquiries in response to compliance incidents, and investigate as warranted where there are violations of ITFC policies or regulation;
11. Proactively identify, document and assess compliance risk associated with ITFC’s activities, including the development of new products, businesses and customer relationships besides material changes to the nature of such relationships;
12. Participate in relevant committees’ meetings to check and monitor potential exposure to reputational risks.
13. Monitoring developments in the legal and regulatory framework relevant to ITFC in all the jurisdictions of operation and systematically organizing this information by maintaining a Compliance Register.;

• Master’s Degree (or equivalent) in Law, Risk Management or any other relevant discipline, preferably with specialization or experience in company law, financial law or regulatory compliance.
• Compliance certification, membership of a compliance body/forum, or legal practice license. 

• Mid-career professional, with Six (6) or more years of relevant working experience in legal and/or risk management matters, preferably with at least five years’ experience in compliance, i.e. “know your customer”, anti-money laundering, anti-corruption policies and procedures and information barriers/security wall processes.

• English is compulsory
• Arabic/French is preferable