Trade Compliance
Manage and monitor trade policies, procedures and standards to ensure organisation-wide compliance with domestic and international shipping requirements, custom regulations and trade laws
Type
Domain
Competency Area
Trade and Investment Facilitation
Levels
Comprehends the trade compliance requirements and business procedures
Understands custom issues, global customs regulation frameworks (such as harmonised tariff schedules, customs valuations, import VAT rules)
Understands the requirements and business processes associated with cross-border movements of goods, compliance risk analysis and valuation methodologies
Lists regulatory changes in international trade of regulated items (such as hardware, technical data, software, services)
Develops documentation, training materials and compliance manuals
Assists with investigations, compliance enquiries and reviews of trade escapes and disclosures
Assists in drafting compliance policies, procedures and manuals with legal team and interprets regulations pertaining to international trade
Synthesises expert insights, audit reviews, compliance training materials concerning the requirements and obligations of import/export goods
Submits timely reports to regulatory agencies in accordance with compliance requirements
Guides proper use of export authorisations (such as license agreements, exemptions, exceptions) to authorise the transfer of regulated items
Conducts compliance audits and internal training
Proposes revised policies and procedures to ensure compliance with new or revised regulations
Incorporates deployment of trade touchpoints to ensure standardised processes across business units
Conducts international regulatory compliance audits of import, export and trade zone operations to assess compliance risk across the organisation and
Organises periodic internal training programs for legal, logistics, foreign trade and finance personnel on trade compliance programs (such as import/export compliance, free trade agreements, tariff suspensions)
Streamlines trade policies research and alignment with industry practices
Prioritises research into compliance regulations (domestic laws and international rules) that impact import and export shipments
Oversees the alignment of trade policies and procedures with corporate-wide policies and procedures in consultation with Export Control Office and Customs Compliance Office
Monitors trade compliance policies to identify compliance control gaps, ineffective controls and design reasonable surveillance processes and controls