Compliance and Risk Management:
- Ensure adherence to applicable laws, regulations, and industry standards.
- Develop, implement, and update company policies and procedures.
- Conduct risk assessments to identify potential compliance risks and develop mitigation strategies.
- Perform monitoring and internal audits to detect and address compliance issues.
- Establish and maintain effective internal controls, such as segregation of duties and authorization procedures.
- Investigate compliance violations or misconduct and recommend corrective actions.
Customer Onboarding and Due Diligence (KYC):
- Collect and review essential customer information to ensure accuracy and completeness.
- Conduct pre-screening and credibility assessments for potential customers.
- Apply commercial evaluation criteria and assist in the due diligence process.
- Facilitate account setup upon receiving necessary approvals.
- Monitor customer accounts for suspicious activities or changes in risk profile, and report as required.