Compliance Officer

Job Summary

Reporting to the Associate Executive Compliance or designate, this position is responsible for conducting compliance and due diligence checks in line with TDB's Compliance Policies, Procedures, Manuals and Standards.

Duties and Responsibilities

The Compliance Officer performs the following duties:

• Perform compliance checks on business transactions, and services relating to due diligence, Know Your Customer (KYC) checks, and Anti Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Sanctions checks.
• Carry out KYC checks and reviews on TDB's counterparties, service providers, employees, directors, and such other persons/entities the TDB Group may engage with.
• Review and monitor internal practices and procedures to ensure compliance with TDB Group requirements and current policies.
• Liaise with internal business departments to ensure sound understanding of compliance requirements and governance issues and advise on emerging compliance issues and trends.
• Conduct KYC assessments and ensure that the processes and systems meet the company/customer policy and regulatory requirements.
• Review, coordinate and provide advice, analysis and approvals for KYC files escalated to Compliance.
• Keep updated on group policies and development in KYC, AML/CFT, sanctions, embargoes and related AML laws and regulations and ensure that policies and procedures are correspondingly kept updated.
• Participate in KYC/AML/CFT/Sanctions related projects as required, including but not limited to implementation of new/enhanced systems and tools.
• Respond to queries from external parties and other TDB Group stakeholders on due diligence on the Group.
• Carry out documentation checks leading to financial close of transactions.
• Review documents in respect of loan disbursements, interest payments and loan repayments.
• Write management, board, and stakeholders reports, as may be required.
• Conduct such other responsibilities as the Associate Executive, Compliance and/or management may require from time to time.

Qualifications and Competencies

• A Master's degree in Risk Management, Law, Business Administration or related field from a recognized institution.
• Relevant professional qualification is an added advantage.
• A minimum of 5-8 years of professional experience and proven track record in a Commercial/Development Banking or Financial institution environment in a Compliance function.
• Robust knowledge of the regulatory environment in the TDB Group's operating region as it relates to Compliance and Credit Risk Management with excellent knowledge of professional and industry standards.
• Possess extensive research skills to aid in establishing and/or validating required information and documentation.
• Ideally familiar with use of KYC screening tools.
• Proactive and alert to AML/CFT/sanctions risks.
• Results oriented individual with excellent written and communication skills with proven ability to rapidly produce quality reports and ability to work in a multicultural setting.
• Proven organizational, problem solving and decision-making skills with the ability to build partnerships, work in multinational teams, deliver results and manage client relationships.
• Proficiency in the use of computer programs including MS Office applications.
• Fluency in English is a requirement and Knowledge of TDB Group's other working language (French) would be an added advantage.