JOB PURPOSE
▪ To review the internal processes, system, policies and make recommendations to ensure that the risk of the business is minimized with a view to delivering improvement by advising, coaching and facilitating in order not to undermine the responsibility of the management. This will be achieved by business risk assessments, performance of control activities via control testing and monitoring of observed remediation.
▪ To ensure that the business adheres to external rules and internal controls that protect the investors and ensure that EDC plays in the market fairly, efficiently, and transparently while adequately measuring and managing the business’s risks.
JOB CONTEXT
Internal Relationship
▪ Investment Banking
▪ Securities and Asset management
▪ Custodial Services
▪ Internal Audit
▪ EDC Support Functions (Finance, HR, EBS, IT & Legal)
KEY RESPONSIBILITIES
Internal Control
▪ To plan, organize and carry out internal control activities including Implementing the Control Manual.
▪ Enhance Fraud Prevention and Detection.
▪ Ensure Operational efficiency and effectiveness of the activities.
▪ Provide reliable and complete financial and management information.
▪ Oversee the safeguard of EDC’s assets.
▪ Interface with the Group Internal Control, ensuring that their recommendations are implemented, with timely escalation of incidents and issues.
▪ Ensure that further to new changes, policies and operational procedures are put in place or updated accordingly
▪ Conduct risk assessment of all department and report observed risk to management.
▪ Evaluate regulatory compliance, policies & procedure, information security and making recommendation when need be.
▪ Review internal and external audit queries to ensure that recommendations are implemented to ensure resolution of all issues.
Compliance
▪ Implement the Compliance Manual and adapt it to risks and legal and regulatory requirements.
▪ Interact with people to ensure strict adherence to regulatory, statutory and Policy compliance
▪ Act as the Money Laundering Reporting Officer (MLRO) and ensure that KYC documents provided by clients are complete and regularly updated where required
▪ Prevent unethical, illegal, or improper conduct in EDC and adhere to the Compliance Charter
▪ Evaluation of Compliance activities in the company to ensure that all the activities are running smoothly
▪ Assess new regulations issued by regulators to analyse their impact on the business and provide advices regarding the way to comply with.
▪ Ensure liaison with local regulators, Group Internal Audit (GIA), Group Risk, Group Internal Control, Group Legal, External Auditors and Lawyers
▪ Ensure prompt and qualitative rendition of relevant returns and reports as may be required from time to time
▪ Provide advisory role to the business on new products and interpretation of the law and regulations.
KNOWLEDGE, SKILLS & EXPERIENCE
Experience & Qualifications
▪ Bachelor’s degree in any Social Sciences Courses or related field based on Jurisdiction
▪ Minimum 7 years working experience in financial service environment
▪ Master’s degree in any Social Sciences Courses is added advantage
▪ Relevant Professional Qualifications is added advantage but mandatory if it is required by affiliate regulation
Skills, Capabilities & Direct attributes
▪ Demonstrate thought leadership and strategic thinking.
▪ Capable of managing multi-functional operational teams.
▪ Knowledgeable in local and international laws & regulations
▪ Fluent in written & spoken communication skill in either English and French
▪ Experiences in writing internal policies, procedures, process evaluation and documentation
▪ Strong analytical skills, detailed oriented ability to work and interpret figures and other financial information
▪ Ability to address issue and effect changes
▪ Excellent commercial and financial awareness
▪ Capital Markets and financial services product knowledge
▪ Fraud and Operational risk knowledge
▪ A ‘can-do’ attitude and resilient character with the ability to manage expectation
▪ Ability to work independently