Risk & Compliance Management (Manager/Assistant Manager/Senior Executive)

Job Summary:

The Risk & Compliance Manager (or Assistant Manager/Senior Executive) is responsible for leading the compliance and risk management team within the gold and pawn shop operations. The role focuses on ensuring compliance with AMLA (Anti-Money Laundering Act) and other regulatory frameworks, while managing and mitigating risks across the business. The position requires strong leadership skills to manage a team responsible for implementing and monitoring compliance programs and risk strategies.

Key Responsibilities:

Compliance Oversight:

• Implement and monitor compliance programs to ensure adherence to AMLA and other regulatory requirements in the gold business and pawn shop sectors.
• Regularly update compliance policies and procedures in line with local and international laws.
• Conduct compliance audits and reviews to detect and mitigate any potential risks.

Risk Management:

• Develop and execute risk management strategies to address potential threats to the company's operations, financials, and reputation.
• Analyze business processes to identify risks, especially related to money laundering, fraud, and operational inefficiencies.
• Prepare risk management reports for senior management and recommend corrective actions.

AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism):

• Ensure the company's activities are in full compliance with AML/CFT regulations.
• Lead the development and implementation of AML training programs for staff.
• Act as the main point of contact with regulatory bodies for AML/CFT-related matters.
• Manage customer due diligence (CDD), enhanced due diligence (EDD), and reporting of suspicious activities.

Regulatory Liaison:

• Liaise with regulatory bodies, law enforcement, and external auditors to ensure compliance with applicable laws and regulations.
• Prepare and submit regulatory reports as required by the authorities, including AMLA compliance reports.

Internal Investigations and Controls:

• Oversee the development of internal controls to mitigate financial, operational, and compliance risks.
• Lead investigations into potential violations of compliance policies or suspected criminal activity, including fraud and money laundering.
• Collaborate with legal and HR departments to address internal issues and implement corrective actions.

Training & Awareness:

• Conduct regular training sessions for employees on compliance, AMLA, and risk management practices.
• Promote a culture of compliance and risk awareness throughout the organization.

Leadership & Team Management:

• Lead and manage the risk and compliance team, setting clear goals and expectations.
• Provide guidance and mentorship to junior staff on compliance, risk assessment, and AMLA-related matters.
• Oversee the development and performance of team members, ensuring continuous improvement.

Qualifications:

• Bachelor’s degree in law, Finance, Business, or a related field.
• Professional certification in AML/CFT (e.g., CAMS) or related certifications is preferred.
• Minimum of 5–7 years of experience in compliance and risk management, with at least 2 years in a leadership or team management role.
• Deep understanding of AMLA and other relevant regulatory requirements, particularly for pawn shops, gold trading, or financial services.
• Experience with regulatory bodies, auditors, and law enforcement agencies.
• Proven leadership skills with the ability to mentor, motivate, and lead a team.
• Strong analytical, problem-solving, and decision-making abilities.

Key Competencies:

• Excellent communication and interpersonal skills to engage with both internal teams and external stakeholders.
• High ethical standards and the ability to maintain confidentiality in handling sensitive information.
• Ability to work independently and as part of a team, with a proactive approach to problem-solving.
• Strong project management skills, with the ability to handle multiple priorities simultaneously.