The overall goal of the Risk & Compliance function is to protect IQ-EQ and consequently CTC’s brand and to support the successful execution of the Group’s business strategy through the delivery of an integrated risk and compliance culture and program across the firm. Compliance aims to support the Executive Team and senior management to fulfil their statutory and regulatory obligations, by helping to ensure compliance with the laws, regulations, principles and codes established by our regulators.
The principal areas of focus for Compliance are:
·Timely and ongoing identification, assessment, and communication of applicable regulatory requirements;
·Development and/or alignment, where necessary, of local compliance policies and procedures for use/reference by CTC and Group employees;
·Development, documentation, and maintenance of a system of controls reasonably designed to achieve and oversee compliance with applicable regulatory requirements;
·Effective monitoring and oversight of day to day compliance activities throughout the business;
·Timely and accurate reporting to the Executive Team and to Group on the overall state of compliance across the Unit(s).
In meeting the above goal and objectives the Trust Compliance Officer will discharge the following principal responsibilities:
·Identifying, monitoring and reporting regulatory risk within the business
·Ensuring that applicable Compliance policies and procedures are kept up to date for changes in regulations and in regulatory expectations and that management and staff are kept apprised of such changes
·Assisting the operational areas to identify and embed key compliance related controls, including policies and procedures
·Escalating, managing and reporting significant legislative breaches in an independent and appropriate manner
·Responsible for developing and executing a robust but proportionate structured Compliance Monitoring Program (CMP) in line with applicable Group standards and/or local regulatory requirements (whichever is the higher)
·Supporting applications for new or amended regulatory authorizations and licenses to ensure that we hold and maintain all necessary licenses for our regulated activities
·Coordinating, managing and responding to the results of regulatory examinations and inspections
·Perform other Compliance and Risk related responsibilities and special projects as needed