The Chief Compliance Officer plans and directs programs, policies, and practices to ensure that all business units’ activities are in compliance with regulatory requirements. Responsible for an organization’s compliance with financial policy and reporting regulations. Being a Chief Compliance Officer requires a bachelor’s degree in area of specialty. Tracks laws and regulations that might affect the organization’s policies and implements necessary changes. In addition, Chief Compliance Officer demonstrates expertise in a variety of the field’s concepts, practices, and procedures. Typically reports to top management. The Chief Compliance Officer manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Comprehensive knowledge of the overall departmental function. Working as a Chief Compliance Officer typically requires 8+ years of managerial experience.
Chief Compliance Officer Job Description Template
Our company is looking for a Chief Compliance Officer to join our team.
Responsibilities:
- Work with Human Resources Department to provide appropriate and adequate training on the ACS to all employees and directors;
- Conduct audit on the whistleblowing process in relation to anti-bribery and corruption;
- Conduct a comprehensive bribery & corruption risk assessment on all business units;
- Ensure that the ACS is kept up to date and in line with any changes to any anti-bribery and corruption regulations and/or laws;
- Periodically consider corrective action to improve effectiveness of the ACS and make changes to the same, where necessary;
- Ensure that all documentation in relation to the ACS is maintained and kept systematically;
- Create and manage training content and materials in relation to the ACS;
- Fully engage and communicate with key ACS stakeholders to effect the implementation of the ACS;
- Propose and obtain approval from the Board of Directors an annual communications plan for the ACS to internal and external parties;
- Support the relevant ACS stakeholders in the implementation of all ACS related policies and procedures through effective training and communications.
Requirements:
- Good command of oral and written English;
- Minimum 10 years relevant experience in governance, compliance, internal audit or legal function;
- Excellent communication, interpersonal and presentation skills;
- Good computer skills in Microsoft Word, Excel and PowerPoint;
- Bachelor’s or Master’s degree in Business, Risk Management, Law, Finance, or other related disciplines;
- IT literate with database knowledge ;
- Personal traits: self-motivated, confident, detail-oriented, a self-starter, independence;
- Good understanding of the anti-bribery and corruption regulations and laws in Malaysia;
- Experience in developing and operationalizing compliance policies and initiatives;
- Strong analytical skills and able to exercise sound judgment.