We are seeking a highly motivated and detail-oriented Compliance
Officer - Framework & Monitoring to join our Compliance team. The
successful candidate will play a key role in maintaining and enhancing the
Bank's compliance framework, with a particular focus on the oversight and
monitoring of FATCA and Common Reporting Standard (CRS) obligations.
As a second-line-of-defense function, you will be responsible for
assessing the effectiveness of first-line controls, monitoring regulatory
compliance, identifying risks, and supporting the ongoing development of
governance and control frameworks related to tax transparency regulations.
Your next challenge:
Compliance Framework & Governance
- Contribute
to the development, maintenance and enhancement of the Compliance
Framework in line with regulatory requirements and industry best
practices. - Draft,
review and update policies, procedures and control standards related to
FATCA, CRS and tax transparency obligations. - Support the
implementation of new regulatory requirements and compliance initiatives. - Provide
day-to-day guidance on compliance topics in collaboration with Tax
department, Tax Operations, KYC Office and/or Legal teams.
Monitoring & Second-Line Controls
- Design and
execute second-line compliance monitoring and testing activities on FATCA/CRS
and other AML processes. - Assess the
effectiveness of first-line controls covering client onboarding, due
diligence, classification, documentation, remediation and reporting
obligations. - Analyse
control results and provide recommendations to strengthen the control
environment - Monitor corrective action plans and
ensure timely remediation of identified issues.