Job Summary: We are seeking an experienced and dedicated Deputy Compliance Officer to join our team. The successful candidate will report directly to the Chief Compliance Officer (CCO) and will be responsible for assisting in the development, implementation, and maintenance of our compliance program. The Deputy Compliance Officer will also play a key role in ensuring that our company operates in compliance with all applicable laws, regulations, and policies.
Job Description:
Policy Development and Implementation:
Assist the CCO in developing and implementing compliance policies and procedures that align with regulatory requirements and the company's business objectives
Oversee the development and implementation of the company’s compliance governance framework, including policies, procedures, and internal controls
Ensure that compliance policies are communicated effectively to all employees
Compliance Program Management:
Monitor and assess the effectiveness of the company's compliance program and recommend improvements as necessary
Manage the Corporate Compliance program; monitor, assess, and report on the effectiveness of the branch’s corporate compliance program
Identify and assess compliance risks and recommend necessary improvements
Training and Awareness:
Ensure that the company's employees are aware of and trained on compliance policies and procedures
Develop and deliver training programs to educate staff on compliance requirements and best practices
Risk Assessment and Management:
Work closely with business lines to identify and assess compliance risks associated with new products, services, or activities
Conduct periodic compliance assessments and audits to identify potential areas of non-compliance and recommend corrective actions
Issue Investigation and Resolution:
Investigate and resolve compliance-related issues and escalate issues to the CCO when necessary
Conduct second-level alert release from the Sanction Screening system when required
Manage the quality assurance program and ensure remediation of identified issues
Regulatory Reporting and Filings:
Prepare and submit regulatory filings, reports, and disclosures as required by applicable laws and regulations
Ensure timely and accurate reporting to regulatory authorities
Guidance and Support:
Provide guidance to bank management on matters of compliance and regulation
Keep abreast of regulatory changes and industry developments and assess their impact on the company's compliance program
Team Management:
Manage and mentor the compliance team to ensure high levels of performance and engagement
Assist with any ad-hoc projects as assigned by the CCO and General Manager
Qualifications:
Bachelor’s degree in finance, accounting, business administration, or a related field
At least 7 years of experience in compliance, risk management, or a related field in the financial services industry
Bilingual proficiency in Korean and English is required
In-depth knowledge of relevant laws and regulations, such as the Bank Secrecy Act, Anti-Money Laundering regulations, and the Patriot Act
Strong analytical skills and attention to detail
Excellent written and verbal communication skills
Ability to work independently and in a team-oriented environment
Ability to manage multiple projects and priorities in a fast-paced and dynamic environment
Proficient in Microsoft Office and other relevant software programs
Relevant professional certifications, such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Regulatory Compliance Manager (CRCM), are a plus
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Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Legal
Industries
Internet Publishing
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