Risk Management & Compliance Specialist

January 31, 2024 | Risk Management & Compliance | 1 positions in Phnom Penh

Job responsibilities

The Risk Management & Compliance Specialist plays a critical role in safeguarding Smart's operations by identifying, assessing, and mitigating potential risks and ensuring adherence to internal policies and external regulations. This comprehensive position demands a detail-oriented individual with strong analytical and communication skills, a keen understanding of risk management principles, and a thorough grasp of relevant Cambodian laws and regulations.

Responsibilities:

Risk Assessment and Mitigation:

• Conduct comprehensive assessments of existing business processes and Standard Operating Procedures (SOPs) to identify potential risks and control weaknesses.
• Formulate practical solutions and recommendations to address identified risks and ensure effective compliance.
• Partner with business units to implement recommended changes and formalize updated business processes and SOPs.

Compliance Monitoring and Assurance:

• Oversee the implementation of internal compliance programs and monitor adherence to relevant policies and regulations.
• Conduct periodic evaluations to assess the effectiveness of compliance measures and identify areas for improvement.
• Prepare comprehensive reports summarizing findings, highlighting compliance gaps, and providing value-added recommendations for enhanced risk management.

Policy and Regulatory Management:

• Maintain a centralized repository of all company policies and procedures, ensuring they are up-to-date and readily accessible.
• Proactively monitor changes in Cambodian laws and regulations, analyzing their impact on Smart's operations and advising relevant teams on necessary adjustments.
• Initiate discussions and workshops to foster a culture of compliance across the organization.

Insurance Management:

• Gather, consolidate, and organize insurance renewal data from all departments.
• Coordinate the annual insurance program, ensuring comprehensive coverage and optimal terms.
• Manage any insurance claims efficiently and effectively.

Collaboration and Support:

• Provide ongoing support and guidance to the Risk & Compliance department and other teams on matters related to risk management and compliance.
• Actively collaborate with colleagues across the organization to promote a proactive and preventative approach to risk mitigation.
• Assist the supervisor/line manager as needed with various tasks and projects.

Job requirements

Education:

• Bachelor's degree in Business Administration, Finance, Economics, or a closely related field of study. Relevant coursework in risk management, compliance, or auditing is a strong plus.

Experience:

• Minimum of 3 years of practical experience in risk management, compliance, or internal audit in a corporate or financial setting.

Technical Skills:

• Proficiency in Microsoft Office Suite applications, with emphasis on data analysis and presentation tools. Familiarity with risk management and compliance software is a plus.

Language Skills:

• Fluency in both Khmer and English, with excellent written and spoken communication skills.

Professional Skills:

• Strong analytical and problem-solving abilities.
• Demonstrated ability to manage multiple tasks effectively and prioritize within strict deadlines.
• Proactive and initiative-driven, with a positive attitude and a willingness to go the extra mile.
• Strong interpersonal and communication skills, able to build relationships and collaborate effectively with diverse teams.
• High level of self-confidence and dedication, with a commitment to delivering high-quality work.
• Integrity and professionalism, maintaining transparency in communication and actions to foster trust and openness.

Desired Qualifications:

• Relevant professional certifications, such as Certified Risk Management Professional (CRMP) or Certified Anti-Money Laundering Specialist (CAMS).
• Strong understanding of audit and compliance functions, particularly within the financial services industry (if applicable).
• Experience with risk assessment methodologies and compliance program implementation.

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