Title:  Senior Associate, Compliance

OVERVIEW

JOB PURPOSE

This position is responsible for the implementation of ITFC’s compliance policies dealing with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT), KYC, sanctions, taxations, confidentiality, use of information and information barriers, personal investment and conflict management. Under the supervision of the Senior Manager, Compliance, this position is responsible for managing compliance risk on matters referred by the senior manager compliance and providing necessary support to the senior Manager in overseeing, designing, developing compliance policies, procedures and processes. The Compliance Manager will implement all approved policy, directives and procedures and will work with the Senior Compliance Manager in fully integrating compliance into ITFC daily business activities. 

KEY ACCOUNTABILITIES

• Implement compliance policies, guidelines, procedures and programs covering all ITFC activities and consistent with ITFC’s Articles of Agreement, MDBs’ practices, international standards and any applicable international laws and regulations;
• Provide ongoing compliance-related input for the early drafts of procedures and escalate to Senior Compliance Manager for final review;
• Conduct preliminary compliance risk assessments, provide data required for the development/update of ITFC compliance plan and assist the Senior Compliance, Manager in designing training materials and delivery platforms;
• Maintain registers for internal compliance matters pertaining to conflicts of interest, gift declarations, code of conduct signing/breaches, integrity, ethics, etc.;
• Assist senior compliance manager in identifying and assessing potential compliance issues and act as a focal point for centralizing compliance related issues raised by staff and prepare an issue statement for the Senior Manager, Compliance;
• Ensure compliance with Code of Conduct and applicable integrity/ ethical standards and prepare tips sheet under the supervision of the Senior Manager, Compliance;
• Ensure compliance with ITFC’s internal policies, directives and procedures and report to Senior Compliance Manager findings of ongoing monitoring of activities and operations regarding compliance;
• Provide summary data on compliance issues to Senior Compliance Manager, on periodic basis;
• Support the conduct of compliance testing, including spot checks; and make enquiries in response to compliance incidents and update Senior Compliance Manager on findings;
• Provide necessary support to the manager/senior manager, compliance for the identification, documentation and assessment of compliance risk associated with ITFC’s activities, including the development of new products, businesses and customer relationships;
• Provide necessary support for the management and organization of all compliance register. pertaining to legal and regulatory frameworks relevant to ITFC 

KEY ACCOUNTABILITIES

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Bachelor Degree in Law, Risk Management or any other relevant discipline, preferably with specialization or experience in company law, financial law or regulatory compliance.
• Working towards compliance certification
• Minimum of 2 years of experience 

SKILLS & NECESSARY KNOWLEDGE

• English is compulsory
• Arabic and/or French is a plus 

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate
   

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.