Designation: Compliance Officer
Division: Coorporate
Reporting Structure: Functional: Head of Internal Controls
Administrative: Head of Internal Controls
Liaising with: Internally: All Department Heads and staff
Externally: ESCA, DFM
Objective of Position: To plan and execute compliance audits in assigned areas in accordance Governance Rules and Corporate Discipline Standards and in consultation and coordination with the internal control managers as necessary and also to review the work and develop and refine processes and procedures used within the Internal Control Department
Qualifications
The role will demand a person who will be responsible to assess and maintain the compliance requirements, including, but not limited to, listing rules, disclosure rules, corporate governance rules and company's policies and procedures.
Ideal candidate for this position should possess Bachelor degree in Accounting, Finance or legal and CA/CIA with at least 4 to 6 years experience in compliance/internal/external audit.
Candidates applying for GNCCO10 position should possess excellent skills in communication, report writing, presentation, public speaking in English and computer skills. Candidates should exercise good judgment, priority and multi task, work under deadlines, possess attention to details and should be a team player. Candidates who are bilinguals; with shipping company experience; Knowledge in DFM / ESCA regulations will receive prime preference however this is not a requirement.
The tasks and responsibilities includes
(But are not limited to the following)
»Identifies potential areas of compliance vulnerability and risks during risk assessment project.
»Reviews existing policies to ensure their validity and concurrence with approved policies through routine audits and investigations.
»Collect information on non-compliance issues during the field work and summarize them into draft report.
»Prepares draft reports for compliance issues and violations of rules, regulations, policies, procedures, code of conduct, and ESCA regulations, along with maintaining the professionalism.
»Participates in meetings with auditees to discuss Compliance audit findings.
»Recommends corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.
»Reviews the report prepared and obtains approval of the higher level of supervision and submits it to the auditee for review
»Ensures that the audit engagement was completed as designed and that auditee concerns were answered
»Communicate with auditees and address all non-compliance issues in coordination with Approvals & Compliance to ensure that the auditees understand and are aware of their obligations and respond to management directions and requirements.
»Follow up on the non-compliance issues to ensure that issues have been effectively rectified in accordance with the policies, procedures and decisions of the company.
»Monitors both existing and new regulations and ensures timely dissemination of new and revised regulations to the concerned individuals and departments.
»Consults with concerned individuals and departments regarding proposed changes to laws and regulations pertaining to ESCA.
»Consults with legal and concerned parties to resolve complex non-compliance issues.
»Assess the need for developing new policies and revising existing policies.
»Assess the need for developing new policies and revising existing policies.