Audit and Compliance Officer at County Finance Limited

Primary Goal

• To ensure compliance in the Company’s operations in accordance with regulatory requirements, industry standards, and internal policies and procedures.

Responsibilities

• Perform regular internal audits to assess the company’s adherence to regulatory standards, industry best practices, and internal policies.
• Review financial records, transactions, and processes to identify discrepancies, errors, or non-compliance.
• Interpret regulatory requirements and assess the company’s compliance with applicable laws such as anti-money laundering (AML), know-your-customer (KYC), and data protection regulations.
• Collaborate with the Management to develop and implement compliance policies, procedures, and controls and ensure compliance policies are clearly communicated to employees and consistently enforced throughout the organization.
• Monitor ongoing compliance with regulatory requirements and internal policies through regular assessments, reviews, and monitoring activities.
• Prepare compliance reports and documentation for internal stakeholders, senior management, and regulatory authorities as required.
• Identify potential compliance risks and vulnerabilities within the organization’s operations, systems, and processes.
• Develop risk mitigation strategies and controls to minimize the company’s exposure to regulatory and operational risks.
• Investigate allegations of non-compliance, fraud, or unethical behavior within the organization.
• Take appropriate corrective actions and recommend remedial measures to address compliance deficiencies and mitigate risks.
• Continuously assess and enhance the effectiveness of the company’s compliance program through feedback, data analysis, and benchmarking against industry standards
• Implement process improvements and initiatives to strengthen the company’s overall compliance posture and risk management framework.
• Serve as the primary point of contact for regulatory agencies, external auditors, and other stakeholders on compliance-related matters.
• Coordinate regulatory examinations, audits, and inspections, and ensure timely and accurate responses to inquiries and requests for information.

Requirements

• Bachelor’s Degree in Accounting, Finance, Business Administration or a related field is typically required.
• A minimum of one (1) year prior experience in internal audit, compliance, or risk management roles within the financial service industry is essential.
• Excellent analytical and problem-solving skills
• Excellent interpersonal and communication skills
• Ability to work independently and in a team
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) and any other relevant software
• Ability to stay abreast of relevant laws, regulations, and guidelines governing the financial service industry.
• Ability to promote a culture of integrity, accountability, and regulatory compliance within the Company, thereby safeguarding the organization’s reputation, financial stability, and legal standing.