Head of Compliance & Legal Services – Garowe, Somalia

Job Title: Head of Compliance & Legal Services

Location: Amal HQ-Garowe

Reporting to: CEO

Position Summary

Responsible for overseeing all compliance and legal affairs within an organization, and ensuring compliance with laws, regulatory requirements, policies, and procedures. The position is also responsible for establishing standards and procedures to ensure effective and practical compliance with applicable laws and regulations.

Major Duties:

·        Oversee and monitor the implementation of all compliance and legal affairs to minimize the risk of legal or regulatory sanctions, material financial loss, or loss to reputation the bank may suffer.

·        Promote awareness of proper measures and practices required to ensure high levels of compliance across all departments.

·        Draft or review legal documents such as contracts, non-disclosure agreements, and confidentiality agreements to ensure that they are legally sound.

·        Provide legal advice to management and board members regarding potential liabilities or other risks associated with new business ventures or projects.

·        Represent the company in legal proceedings or negotiations such as trials, mediation sessions, or contract negotiations.

·        Formulate internal compliance procedures and guidelines while providing guidance, advice, and training to employees on compliance and legal issues.

·        Coordinate efforts related to audits, reviews, and examinations while also interacting with regulators on compliance issues.

·        Coordinate internal compliance reviews, including periodic reviews of departments while also informing and advising the senior management regarding proposed and pending regulatory changes.

·        Remain fully aware of the various international and domestic regulatory and legal requirements applicable to all the financial service industry.

·        Work with business units and management to ensure appropriate contingency plans and disciplinary measures are in place that set guidelines on how to respond to a possible compliance breach.

·        Prepare compliance reports regularly and as needed such as preparing and presenting clear and concise compliance reports to the Board.

·        Initiate and complete investigations related to possible non-compliance or to ensure compliance standards and procedures are being followed.

·        Conduct periodic compliance training and prepare training materials for anti-money laundering efforts and terrorist-financing activities and KYC.

• Review and perform compliance testing, audits and risk assessments and provide monthly, quarterly, annual reports to the bank management and compliance committee.