Compliance Head Job Description
Compliance head
provides expert advice and guidance to the firm and its employees on sales and marketing compliance regulations (Investment Advisers Act, Investment Company Act, SEC and FINRA regulations).
Compliance Head Duties & Responsibilities
To write an effective compliance head job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance head job description templates that you can modify and use.
Sample responsibilities for this position include:
Monitor quality and consistency of AML Compliance standards and performance across Caribbean Banking liaising with Global AML Compliance
Prepare reporting to senior management and Global AML Compliance on AML and ATF related matters
Lead the development of Caribbean Banking Global AML related policies and procedural standards and program documentation and ensure quality and consistency of AML compliance standards and performance across Caribbean Banking
Develop, implement and test AML Compliance testing programs including for AML investigations and operations related activities
Oversee the execution of Anti-Money Laundering (AML) Compliance and risk management processes and solutions within the business operations
Support Caribbean Banking Compliance Officers in development of Caribbean Banking AML Compliance strategy
Oversee Anti-Terrorism Financing (ATF) reporting to Global AML Compliance
Oversee the development of reporting and measurement tools to ensure quality and consistency of AML compliance standards and performance across organization
Assist in ensuring Caribbean Banking is equipped to meet global AML regulatory requirements
Assist in ensuring that AML Compliance and compliance management are firmly embedded in Caribbean Banking’s culture
Compliance Head Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compliance Head
List any licenses or certifications required by the position: CAMS, CFE, CISA, DBS, EMS, QMS, IMS, ISO, AML, CISM
Education for Compliance Head
Typically a job would require a certain level of education.
Employers hiring for the compliance head job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Law, Business, Finance, Education, Legal, Accounting, Management, Graduate, English, Business/Administration
Skills for Compliance Head
Desired skills for compliance head include:
AIFMD
AML
AMLD4
Applicable laws and regulations
BSA
Conference and College rules and regulations
EMEA and local investment banking laws and regulations
Investment Advisers Act of 1940 and the Investment Company Act of 1940
Key laws
MiFID II and GDPR
Desired experience for compliance head includes:
Analysing KRIs to give the WE MLRO a holistic overview of the effectiveness of the AB&C framework
Facilitating regular and ad-hoc reporting to senior management and stakeholders
Acting as a member of the WE Financial Crime senior management team and a principal point of contact for internal and external stakeholders in relation to Financial Crime Compliance in WE
Represent WE with relevant industry bodies and internal working and steering groups
Support the WE MLRO
Drive progress in the function, embed a financial crime compliance culture and ensure consistency of implementation
Compliance Head Examples
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Compliance Head Job Description
Job Description Example
Our company is looking for a compliance head. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for compliance head
- Provide central corporate level point of contact and coordination relating to AML issues
- Coordinate AML specific internal and external audits and ensure internal and external audit issues are resolved in a timely manner
- Ensure AML Compliance oversight process are aligned with business strategies, operations and processes and that identified gaps or weaknesses are escalated to senior management
- Act as subject matter expert on AML, ATF, Economic Sanctions and Office of Foreign Assets Control, Office of the Superintendent of Financial Institutions issues as they related to covered businesses and ensure that businesses understand requirements and corresponding impact on their business
- Manage the implementation of new AML regulatory requirements across the Caribbean region
- Ensure that AML Programs comply with the Enterprise Regulatory Compliance Management Framework
- You will draft, review and implement anti-money laundering (AML) policies and procedures to ensure all round compliance
- Besides, one of the key responsibilities is to safeguard the organization's interest by acting as an advisor on any potentially suspicious AML transactions and ensure this is promptly reported to the relevant authorities
- Be responsible for developing a risk based methodology for each of the compliance assurance plans
- Be the point of contact for senior management for all compliance assurance queries
Qualifications for compliance head
- Proven technical expertise in the field of Financial Crime and, specifically, AB&C
- 15 plus years experience working in the financial industry, either as a regulator or in-house compliance officer
- 8 to 10 years experience specifically working on Fair Lending issues
- Excellent knowledge of Fair Lending laws and regulations
- 8 to 10 years experience as a manager
- Willing to travel within U.S. to manage team dispersed in U.S
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Compliance Head Job Description
Job Description Example
Our company is hiring for a compliance head. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance head
- Support business development for regulatory compliance
- Act as the Whistleblower Reporting Officer for HK Branch and assist management in implementing the Whistleblower procedure
- Being aware of all applicable local compliance rules and regulations industry best practice
- This role will provide advice and guidance to the management and staff on all matters pertaining to compliance, regulatory and ethical matters
- Last but not least, you will also develop policies and procedures which comply with both internal and external regulatory requirements, and conduct compliance training across various stakeholders within the organization as well
- Leading the overall Compliance program including frameworks, policies, governance and reporting
- Developing and executing communication, training and other strategies to drive an improved Compliance culture
- Developing and delivering a strategy for preparing and executing on regulatory change and working closely with legal
- Oversight of all regulatory interactions and change including program management of regulatory visits and oversight of regulatory issues
- Develop and manage the strategy to facilitate compliance with the Australian Credit Licenses held and the annual certification process
Qualifications for compliance head
- Ensuring that Waivers and Dispensations have been obtained from Policy owners, where required
- Updating the Compliance Tracker tool and, where necessary, escalating issues
- Excellent report/metrics skills
- Previous experience leading a Risk and Compliance function - ideally within a Financial Services environment
- Ideally will have previous experience as a Head of Compliance
- The flexibility to appreciate the commercial objectives of the business, coupled with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and ethical behaviour and to the requirements of relevant authorities
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Compliance Head Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of compliance head. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance head
- Oversee the preparation of the Annual Compliance Plan, which sets forth the key global risks for the year and the associated remediation plans, and tracking progress through the year
- Oversee the development of enterprise-wide e-learning modules covering core legal and compliance concepts such as anti-money laundering, conflicts of interest and franchise risk
- Strategically enhance training delivery and awareness elements of Global Compliance Training Program
- Oversee Compliance Administration Team in managing the distribution, tracking and reporting of Compliance training requirements
- Oversee Reporting and Metrics team in providing strategic guidance to the development of senior management reporting presentations and metrics
- You will also keep with competent authorities on Compliance issues
- Act as PCF-15 for the Group
- Follow-up of applicable legislation
- Follow-up rules of Group, translate them to entity level and Follow-up implementation and effectiveness
- Elaborating and rolling out best practises
Qualifications for compliance head
- Financial services regulatory expertise, with a predominant focus on UK rules and regulations but also with exposure to the regulatory frameworks of other jurisdictions across the EMEA region
- Confident, enthusiastic, able to use initiative and apply judgment
- Proven exposure to Luxembourg-domiciled UCITS funds and technical matters associated with them
- Confident, able to use initiative and apply judgment
- Comfortable in presenting to senior management and external parties
- Skills required include strategic thinking and project management
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Compliance Head Job Description
Job Description Example
Our innovative and growing company is looking for a compliance head. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance head
- Organize and minute the meetings of (i) the Board of Directors, (ii) the Audit, Risk and Compliance Committee, (iii) any other committee of the Board, (iv) the Annual General Meeting
- Follow up applicable regulation and guidelines with regard to corporate governance
- Follow up use of company seal
- Liaise with Group's Legal with regard to requirements from the Irish Companies Act
- Follow up Actions & Decisions Log of the different meetings
- Follow up implementation and maintenance of the Fitness & Probity Standards
- Ensure and/or follow up the filing of corporate documents, director declarations, Financial Statements
- Provide input to the CoSec of the Asset Management when required
- Follow up the Group Group-wide Corporate Governance Database
- Performing annual compliance testing for NTAM registered investment advisers and investment companies under Rule 206(4)-7 of the Advisers Act of 1940 and Rule 38(a)-1 of the 1940 Investment Company Act of 1940
Qualifications for compliance head
- Consulting/Advising
- You will have at least 8 years' experience in management of compliance matters within the corporate or commercial banking industries
- You will have in-depth knowledge of regulatory compliance requirements from the financial services sector
- You will also have strong communication and negotiation skills with the ability to engage with stakeholders across all levels of seniority
- Good candidate will be highly motivated, results-oriented and resourceful with the ability to work in a fast-paced dynamic environment
- Drive Leadership engagement and compliance culture through effective partnership
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Compliance Head Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of compliance head. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance head
- It is critical to develop and implement a risk-based compliance management plans, and compliance guidelines operational risk
- Continuously focusing on and following up the latest development of laws, regulations and rules, ensure compliance with the law, regulations and rules correctly, understanding the impacts of the laws, regulations and rules to the operation of the Bank, providing compliance suggestions to the senior management in a timely manner
- Promote and implementing compliance management plans based on risks, including implementation and evaluation of certain policies and procedures, evaluation of compliance risks, test for compliance and training and education of compliance
- Reviewing the compliance of Bank's various policies, procedures and guidelines, assisting and urging each business line and internal control department to systemize and amend such policies, procedures and guidelines, ensuring the said policies are in accordance with the requirements of laws, regulations and rules
- Managing the framework around anti-money laundering and combating financing of terrorism by conducting KYC check on new customers, regular review of customers files and monitor transactions on a daily basis
- Delivering compliance training to employees, including the compliance training and compliance test for employees newly joined the Bank, and the routine compliance training for all the employees, and becoming the internal contact department for compliance consultation of the Bank's employees
- Identifying and evaluating the compliance risks related to banking operations positively, including provision of necessary compliance review and test for new products and new business developments, identifying and evaluating the compliance risks which may occur from development of the new business, establishment of the relationship with new clients and significant changes of the nature of the relationship with clients
- Maintaining the daily work contact with the supervisory authorities
- Serve as Chief Compliance Officer for the company in Canada
- Participate in client and prospective client due diligence meetings
Qualifications for compliance head
- Graduate degree required, MBA or JD preferred
- 10 years’ experience in Compliance and/or financial services industry
- Ability to work with cross-functional teams across the firm and to interact with senior management and regulators directly
- Demonstrated strategic leadership ability
- Ideally, you will have at least 8-10 years experience in Banking/Finance sector and 5 years experience in Compliance related area
- You will have sound knowledge and understanding of the local regulatory framework