JOB SUMMARY
This position is appointed to ensure effective internal control and compliance of the bank with the applicable laws and regulations issued by NBC and other regulators.
DUTY & RESPONSIBILITY
The Head of Internal Control department shall oversee 2 units: Regulatory Compliance Unit and Compliance Oversight and Reporting Unit.
1. Regulatory Compliance Unit
- Update Management and related stakeholders of the changes or adoption of laws and regulations applicable to banks and financial institutions.
- Review bank policies and guidelines and provide recommendation, ensuring compliance with applicable laws and regulations.
- Provide advice to relevant departments on bank's products and services.
- Draft, review and update, Internal Control Policy, Regulatory Compliance Policy, Procedure Manual, and guidelines.
- Consolidate and keep up to date Regulatory Compliance Checklist.
- Perform and consolidate Regulatory Risk Self-Assessment on and from relevant departments/divisions.
- Perform annual compliance testing to ensure bank compliance with NBC and other applicable laws and regulations.
- Ensure the implementation of NBC's recommendation from on-site/off-site inspection.
- Prepare Annual Internal Control Report.
- Create guidelines and policies on FATA (Foreign Account Tax Compliance Act) requirements, and assure its compliance.
- Participate in the establishment of FATCA Reporting System and handling process of International Data Transfer to IRS or Cambodian Government.
- Support in liaison with regulator and other government authorities and oversee regulatory report submission (FATCA, Internal Control, and other reports).
2. Compliance Oversight and Reporting Unit
- Prepare annual compliance oversight project plan.
- Prepare compliance oversight program in accordance with the approved framework and scope of review.
- Conduct branch on-site/off-site oversight review and assessment on compliance of the AML/CFT and internal policies implementation at branches and related departments/divisions.
- Review data sample selection by adopting risk-based approach.
- Identify BCO's AML/CFT implementation gap and training needs.
- Provide recommendation for improvement of AML/CFT and internal policies compliance implementation standard at branches and relate departments/divisions.
- Prepare the oversight review findings report and submit to Head of Compliance Division, Prepare summary of consolidated oversight finding report for ERCC and BCC,
- Prepare and consolidate monthly, quarterly and ad-hoc reports for Management, ERCC, BCC, and Board meetings.
- Perform other tasks as assigned by Head of Compliance Division and Chief Risk Office.
QUALIFICATION
- Bachelor's degree in Law, Finance and Banking, or equivalent in related fields;
- At least 4-year experience in legal compliance, audit, and risk is highly desired Sound knowledge of banking and other related laws, compliance, internal control, anti-money laundering etc.
- Ability to work independently and as a team in an effective and efficient manner
- Attention to details and able to work under pressure and possess good time management skill
- High personal quality of integrity, credibility, and strong work ethic and moral standard.
- Good communication and interpersonal skills
- Good command of speaking and written in English
- Good Computer literacy, especially Excel.
How to apply
Interested and qualified applicants should submit your updated Cover Letter and CV stating the position applied for with your current photo (4x6) through hr@canadiabank.com.kh
