Set up compliance department with skillful and knowledgeable staff in order to help other managers and departments to conduct their job in compliance with laws and regulations
Identify, assess and communicate the compliance risks especially high risk areas which need immediate action to resolve; which ensure that the company is in compliance with all regulations
Ensure that business policies, procedures and related manuals are explicitly defined and reviewed periodically in compliance with regulations
Be able to implement/monitor/control procedures to ensure the compliance in practice
Ensure that staff /departments are educated in respect to compliance with applicable laws, rules and standards; work with executive directors and senior management to improve their understanding of strategic and operational compliance and the business benefits it will bring
Participate in Executive committee meetings and decision making to ensure all risks are identified and mitigated
Act as a contact point within the company for compliance queries from staff members and act as a change leader to promote and drive the delivery of compliance procedures to the company.
Inform immediately to the relevant authorities, any suspicious transactions reported by staff; report promptly any material breaches of laws, rules and standards to senior management and ensure that appropriate remedial or disciplinary action is taken if breaches are identified
Receive all regulatory directives and communicate with regulatory bodies on behalf of the company; liaise with relevant internal and external bodies including external auditors and internal auditors ; co-ordinate and support the operations of Internal Audit as well
Provide an investigation capacity reporting to the Management Board, as required by the CEO, on areas of specific concern, including possible initial fraud investigation
Prepare compliance agenda for a whole year and establish the capacity to report, as required, directly to the CEO on matters of corporate importance