Country Compliance Officer Egypt
Posted on :
26-08-2024
Employer Active
1 Vacancy
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Job Description
Our client is a key player in the Fintech Space. They have built a trusted payment infrastructure that allows consumers and businesses to make and receive payments conveniently and border less. They are currently looking to hire a Country Compliance Officer in Egypt.
Job Overview
The Country Compliance Officer will be responsible for oversight and compliance with local incountry regulations for all of 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.
Country Compliance Officer may also serve as the local Money Laundering Reporting Officer responsible for ensuring potentially suspicious activity is reported to regulators in a timely manner.
Draft and submit for approval regional addendums to Company s compliancerelate 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 and making recommendations for improvements and implementing necessary changes.
Proactively identify when regional/local compliance requirements differ from company s global standards particularly regulatory requirements or expectations more stringent than company s global standards.
Adhere to a global regulatory change management program to maintain a comprehensive and integrated approach to compliance.Maintains register of jurisdictional regulatory requirements for registration in the local jurisdiction.
Oversee regulatory exams from 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 crossfunctional 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 shortterm deadlines as well as longterm strategic initiatives.
Requirements & Qualifications
Bachelors 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 and 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 problemsolving and decisionmaking abilities. Must possess ability to understand and anticipate 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 AntiMoney Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) are highly desirable.
Regulatory compliance , Risk assessment
Employment Type
Full Time
Key Skills
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