The responsibilities of the Vice President – Compliance are to:
• To act as the responsible executive in Cmp Adv for HIFSL in relation to Regulatory
Compliance and Financial Crime risks.
• Articulate the Regulatory Compliance and Financial Crime risks for HIFSL.
• Primarily to support HIFSL, to maintain an effective control framework and to ensure
compliance with all relevant external laws & regulations, internal codes and policies and
good market practices. With primary focus on HIFSL area.
• Provide advisory services to HIFSL business in order to ensure clear understanding of
compliance risk exposure with respect to clients, transactions and products.
• Managing the relationship with relevant regulators on behalf of HIFSL.
• Be responsible for second line governance of Regulatory Compliance and Financial
Crime risks exposures, providing analysis, reporting and governance to HIFSL that is
independent of the first line of defence, thereby maintaining an objective assessment of
risk exposure
• To support risk steward challenge, act as independent trusted advisory in governance
forums, issue management, fostering a compliance culture and optimizing relations with
risk owners and control owners.
• Assist the senior management of HIFSL and other colleagues on all material
compliance related matters.
• Assist Functional Head, in representing the Compliance agenda up to the highest levels
of the INM / ASP governance, including being an attendee (as required) at the HIFSL’s
Board (and related sub-committees), RMM, NPOC, to report on progress and issues in
relation to the operational effectiveness of HIFSL’s policies, processes, systems and
controls in countering Regulatory Compliance and Financial Crime risks.
• Provide guidance on outsourcing, conduct, Commercial Paper listing, and all other
aspects related to compliance in HIFSL
• Drafting, adopting group policies and making amendments are per local regulatory
requirements
• Identify compliance related training needs for colleagues within HIFSL
• Perform Regulatory Affairs (RA) related activities
• Perform responsibilities of Principal Officer / MLRO like monitoring and reporting of all
transactions and sharing of information as required under the law. He/ She will maintain
close liaison with enforcement agencies, banks and any other institution which are
involved in the fight against money laundering and combating financing of terrorism.