Commercial Audit & Compliance

ROLE & RESPONSIBILITY

Part 1: Commercial Audit & Compliance 

1. Regulatory Compliance: Understand and adhere to relevant laws, regulations, and industry standards related to commercial activities
2. Policy Development: Develop, implement and update policy and procedure
3. 3.Risk Assessment: Identify potential commercial compliance risk and assess potential impact and develop strategy to mitigate risk
4. Monitoring and Auditing: Monitor commercial operations to ensure compliance and conduct internal commercial audit and identify any compliance issues
5. Reporting and Documentation: Maintain documentation related to compliance activities
6. Internal Control: Establish and maintain effective internal controls to prevent and detect compliance violations, e.g. segregation of duties, authorization procedure, etc.
7. Investigation & Remediation: Investigate any compliance issues, misconduct and recommend appropriate corrective actions

Part 2: Counterpart Registration (KYC)

1. Data Collection: Gather essential information from potential customers
2. Pre-screening: Preliminarily assess the credibility of potential customers
3. Commercial Evaluation: Develop commercial criteria to evaluate potential customers
4. Documentation: Review customer’s information and ensure completeness
5. Customer Due Diligence: Assist in due diligence process
6. Account Setup: Complete the process if approved by authorized bodies
7. Ongoing Monitoring & Review & Report: Monitor customer accounts and report any suspicious activities, change in risk profile, or potential illicit activities

EDUCATION

• Bachelor's degree in Law, Political Science, Business administration or related field

EXPERIENCE

• At least 3-5 years experience in audit field, regulatory compliance, risk management and control in Petroleum & Petrochemical business or related
• Excellent knowledge of general tools and techniques of audit & compliance
• Ability to think intuitively and strategically in order to mitigate compliance risk
• Excellence in writen and interpersonal skills in dealing with people
• Strong communication skill, negotiating skill, and consulting skill