Department: Compliance
Reports To: CEO
Location: Erbil
- Summery
The Compliance Manager is responsible for overseeing and managing the company’s compliance framework to ensure adherence to all regulatory, legal, and internal requirements. This role ensures that the company’s activities comply with the Central Bank of Iraq regulations, Visa and PCI-DSS rules, and internal policies. The Compliance Manager promotes a strong compliance culture, mitigates compliance risks, and supports the company’s strategic objectives through effective governance, risk management, and policy enforcement.
- Key Responsibilities
- Regulatory Oversight: Ensures adherence to CBI regulations, Visa rules, PCI-DSS standards, and internal compliance policies, including periodic reviews and updates of compliance policies.
- Compliance Monitoring & Risk Management: Evaluates the effectiveness of compliance risk management within NASS, ensuring the identification, measurement, control, and monitoring of compliance risks.
- Corporate Integrity & Ethics Enforcement: Promotes integrity, professional conduct, and adherence to laws and regulations by embedding a strong compliance culture across all departments.
- Corrective Actions & Disciplinary Measures: Implements corrective or disciplinary actions when non-compliance or violations are identified, ensuring appropriate reporting to senior management or relevant committees.
- Reporting & Escalation: Reviews periodic reports submitted by the Compliance and Risk departments, assessing company-wide compliance status and incidents of non-compliance, and taking necessary measures to prevent future violations.
- Policy Development & Implementation: Establishes, reviews, and updates compliance management policies in collaboration with relevant stakeholders to reflect regulatory and operational changes.
- Strategic Risk Management: Develops and executes risk management strategies and frameworks to address compliance-related risks while aligning with company objectives and regulatory requirements.
- Compliance Awareness & Communication: Publicises compliance policies and updates across the company, ensuring all employees understand their responsibilities and obligations under applicable laws and internal regulations.
- Ethics & Professional Conduct Governance: Approves and enforces the company’s code of ethics and professional conduct, ensuring adherence across all business functions.
- Regulatory Readiness & Data Management: Ensures proper record-keeping of compliance-related documentation, enabling quick access for regulatory bodies when required.
- Escalation Framework: Establishes clear procedures for escalating compliance breaches to relevant authorities, ensuring timely and appropriate action is taken.
- Audit & Internal Control Coordination: Ensures clear separation between compliance functions and internal audit or inspection activities to maintain independent oversight.
- Ensuring Compliance with Laws and Regulations: Makes sure that all company procedures follow the regulations of the Central Bank of Iraq (CBI) and other authorities. Updates internal policies as needed to stay aligned with regulatory changes.
- Reviewing KYC and Due Diligence Procedures: Ensures that customer, agent, and merchant documents are properly reviewed and verified to meet regulatory requirements. Ensures all necessary background checks are completed before approval.
- Supervising Internal and External Audits: Works with auditors to ensure the company meets local and international compliance standards. Addresses any issues identified in audits and ensures corrective actions are taken.
- Assessing Risks in Products and Services: Analyses the company’s financial services to identify potential risks related to fraud or money laundering and suggests ways to manage them.
- Qualifications and Experience
Educational Requirements:
- Must hold a Bachelor’s degree in one of the following disciplines:
- Economics, Public Administration, Financial Administration, Accounting, Financial and Banking Sciences, Statistics, Quality Management, Law, Business Economics / Banking Management, Investment and Resources, or Accounting and Financial Auditing.
- Advanced academic degrees (e.g., Master’s) or professional certifications are an added advantage.
Professional Certifications:
- Must hold or commit to obtaining within one year at least one professional certification in the compliance field, such as:
- ISO 19600 – Compliance Management Systems
- ISO 37301 – Compliance Management Systems
- Certified Compliance Manager (CCM)
- Certified Compliance Officer (CCO)
- Participation in specialized training programs in compliance, risk management, or regulatory frameworks is required.
Experience:
- A minimum of 4 years of experience in financial, banking, regulatory, or electronic payment sectors.
Age and Nationality:
- Must be Iraqi nationality.
- Must be at least 26 years old.
More Information
- How to apply Dear Applicants, to apply for this position, please submit your CV to the email address below. Kindly include the position name in the subject line of your email. [email protected]
- Job Reference Compliance Manager
