Legal & Compliance Officer ll DCP II Transaction Monitoring Analyst ll Product Manager/Designer
How well do you understand the role of compliance and compliance department in an organization? Okay, here it is: 1. Internal Monitoring: Ensuring the organization adheres to regulatory requirements and internal policies. 2. Regulatory Interpretation: Analyzing and communicating new regulations to stakeholders, providing guidance on compliance measures. 3. Advisory: Offering expert advice to management and staff on compliance matters. 4. Regulatory Reporting: Submitting required reports to regulatory bodies, ensuring accuracy and timeliness. 5. Risk Management: Identifying and mitigating regulatory and statutory risks to the organization. The compliance department acts as a critical internal control function, promoting a culture of compliance and minimizing the risk of non-compliance. Its role is essential to maintaining the organization's reputation, avoiding legal and financial consequences, and ensuring the integrity of its operations. This is just a brief summary of it.
