Compliance and Financial Crime:
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•Responsible for developing and maintaining Compliance culture within the Bank.
• Create, review and update Compliance policies and procedures in line with regulatory
guidelines.
• Programme for Compliance Training and competency development.
• Horizon Scanning and mapping of regulations with relevant business and operations.
• Create, review and update of policies and procedures pertaining to Financial Crime
areas including KYC, AML, Sanctions, ABC and Fraud.
• MLRO Report covering Enterprise-Wide Financial Crime Risk Assessment and oversight
plan.
• Developing a risk-based Compliance Monitoring Plan (CMP).
• Implementation and review of CMP across departments and branches.
• Follow up on action points emanating from Compliance Oversight Reviews.
• Periodic reporting of KRIs and KPIs to Board Risk Committee / Group Compliance.
• Liaising with internal and external stakeholders including regulators.
• Maintain and update management responsibilities map.
• Oversight of frauds, including pursuing legal / criminal action.
• Periodical oversight of product features / policies / procedures to ensure adherence to
regulatory requirements.
• Review marketing initiatives / campaigns to ensure adherence to regulatory
requirements.
• Accountability and responsibility from all functionaries of Legal & Compliance
department and to ensure that appropriate mechanism is put in place for these to be
duly accounted for in performance reviews of concerned employee and
• Mapping of competencies, identification of gaps in skillsets / knowledge and arranging
training to address gaps identified.
Legal:
• Review of legal agreements.
• Legal advice through internal and external sources.
• Maintaining external panel of solicitors; and manage litigations