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Compliance Procedures in Banking Industry in Albania Taken to New Heights

Tirana, Albania - In a move to ensure transparency and accountability in the banking sector, a leading bank in Albania has outlined its compliance procedures to prevent financial crimes and maintain trust with customers.

Job Tasks and Responsibilities of Compliance Department

The Compliance Department plays a crucial role in identifying, coordinating, and managing the institution’s compliance risk. Some of their key responsibilities include:

• Reviewing established systems to ensure compliance with laws, policies, procedures, and regulations that could impact bank operations;
• Conducting regular reviews to ensure operations are aligned with established objectives and adhering to approved procedures;
• Assessing the appropriateness of compliance procedures and guidelines, and formulating proposals for amendments;
• Identifying, recording, and assessing compliance risks associated with bank operations, including new products and practices;
• Establishing written guidelines for staff on implementing laws, regulations, and standards through policies and procedures;
• Educating and training staff on compliance issues, as well as acting as a focal point within the bank for compliance-related queries from employees.

Requirements

To be eligible for this role, applicants should possess:

• A university degree in Economy or Law
• At least 3 years of experience in the banking system
• High ability to apply auditing standards, procedures, and techniques
• Strong communication skills in both written and spoken English

How to Apply

If you are interested in this position, please submit your detailed Curriculum Vitae to the Human Resources Department by May 27, 2023. Only candidates meeting the specified criteria will be contacted for an interview.

Application Details:

• Application Type: Vacancy Application
• Job Type: Full Time