Scheme Regulatory Compliance Officer at Unified Payment Services Limited

About the Role

An exciting opportunity has arisen for a motivated professional to ensure the company's activities within its operational schemes comply fully with relevant laws, regulations, and industry standards. This role involves overseeing adherence to regulatory frameworks, addressing compliance risks, and working with regulators to maintain the integrity of scheme operations.

Key Responsibilities

Regulatory Compliance Management

• Monitor and ensure compliance with regulatory requirements specific to the company's schemes
• Maintain up-to-date knowledge of all regulations and industry standards affecting scheme operations
• Develop, implement, and review compliance frameworks to align with regulatory requirements
• Prepare and submit regulatory reports, ensuring timely filings with relevant authorities
• Conduct gap analyses to assess compliance with scheme regulations, identify deficiencies, and recommend improvements
• Liaise with regulators to stay informed about policy changes and adjust the company's compliance strategy accordingly

Risk Management and Control

• Identify, assess, and manage compliance risks related to scheme operations, implementing strategies to mitigate them
• Conduct risk assessments to detect potential areas of non-compliance and develop management strategies
• Collaborate with the Enterprise Risk Management team to integrate compliance risks into the overall company risk framework
• Ensure the implementation of effective internal controls to minimize regulatory non-compliance risks

Internal Audit and Reporting

• Work with the internal audit team to conduct regular compliance audits on scheme operations and report findings to senior management
• Maintain and monitor compliance documentation, ensuring records are accurate and up to date
• Provide detailed reports to senior management on compliance status and regulatory issues impacting scheme operations

Requirements

Educational Qualification: [Information not provided in original listing]