Senior Vice President - Risk & Compliance - Bank

Job Title: Senior Vice President (SVP) - Compliance Department

Role Summary:

- The SVP - Compliance is responsible for ensuring that the bank operates within the framework of applicable regulations and maintains the highest standards of integrity.

- This role involves regulatory compliance management, risk mitigation, anti-money laundering oversight, policy development, and fostering a culture of compliance.

Key Responsibilities:

Regulatory Compliance & Oversight:

- Ensure compliance with local and international regulations (e.g., AML, KYC, FATCA, GDPR, Basel III).

- Monitor regulatory updates and implement changes in policies and procedures.

- Serve as the primary liaison with regulatory authorities, responding to inquiries, audits, and - examinations.

Risk Management & Controls:

- Identify, assess, and mitigate compliance risks across all banking operations.

- Design and oversee compliance monitoring programs, audits, and internal investigations.

- Align policies with risk management frameworks and escalate critical compliance risks to senior leadership.

AML & Financial Crime Prevention:

- Partner with the AML team to strengthen anti-money laundering and counter-terrorism financing programs.

- Oversee the monitoring of suspicious transactions and ensure timely reporting to regulatory authorities.

- Ensure compliance with sanctions and fraud prevention programs.

Policy Development & Implementation:

- Develop, update, and enforce compliance policies, procedures, and codes of conduct.

- Ensure new banking products and services meet regulatory requirements before launch.

Training & Awareness:

- Conduct compliance training programs to foster a strong compliance culture within the organization.

- Enhance employee awareness of regulatory and ethical standards.

Reporting & Governance:

- Prepare compliance reports for senior management, board committees, and regulatory bodies.

- Draft compliance risk assessments and implement remediation strategies.

- Maintain accurate compliance documentation and records.

Experience, Skills, and Certifications:

- Bachelor's or Master's degree in Law, Finance, Business, or a related discipline.

Certifications (Preferred):

- Certified Anti-Money Laundering Specialist (CAMS).

- Certified Regulatory Compliance Manager (CRCM).

- Certification from the International Compliance Association (ICA).

Experience:

- 15-20+ years in banking compliance, risk management, or regulatory affairs.

Key Skills:

- Strong knowledge of banking laws and regulatory requirements.

- Excellent analytical and problem-solving abilities.

- Effective leadership and communication skills.

- Expertise in handling regulatory audits and interactions.