Job Summary

To implement measures that would ensure the adherence to appropriate compliance framework and procedures so as to minimize loss from non-compliance with policies & procedures. The position is also responsible for ensuring that the Bank complies with all applicable laws, rules and regulations; mitigating potential financial crime and compliance risk; and facilitating the avoidance of regulatory penalties, fines and sanctions by enforcing compliance standards.

  • Minimum Qualification: Degree
  • Experience Level: Senior level
  • Experience Length: 5 years

Job Description/Requirements

Duties & Responsibilities:

  • Compliance monitoring to ensure the Bank is not being used for the laundering of funds, financing of terrorist activities or proliferation. 
  • Identification of potential areas of compliance vulnerability and risk, develop/implement corrective action plans for resolution of issues.
  • Periodic management information system reports on the bank’s level of compliance; 
  • Staff training, awareness and advisory services on all compliance issues; 
  • Monitoring of emerging and external events to determine exposures and risk indicators using a risk-based approach
  • Develop compliance frameworks for identification, assessment, monitoring, management and mitigation of financial  crime and compliance risks; 
  • Development of robust compliance framework and risk management strategy 
  • Identification, assessment, monitoring, management and mitigation of financial crime and compliance risks within the Bank 
  • Ensure institutionalization of AML/CFT and Regulatory Compliance via independent review, evaluation and resolution. 
  • Collaborate with other departments on the implementation of Corporate Governance, Conduct & Ethics principles and anti-money laundering strategies across all strata of the bank. 
  • Create awareness among all staff and relevant stakeholders of the Bank’s compliance risk exposures and ways of preventing these from crystallizing.
  • Establish compliance culture through staff training and awareness programs.
  • Advisory services to board, senior management and staff on compliance & corporate governance issues.
  • Periodic management information system reports on the bank’s level of compliance. 
  • Regulatory liaison, customer information management and reporting in line with regulation.

Key Performance Indicators: 

  • Timely customer & transactions monitoring and regulatory compliance scorecard.
  • Timely resolution of corrective action plans and compliance initiatives.
  • Timely periodic reporting to regulators, management and board.
  • Timely advisory and training on compliance.

Job Requirements:

Education: 

  • A first degree or its equivalent in any discipline.  
  • Additional qualification or master’s degree in any business-related discipline would be an advantage 
  • Recognized professional certification e.g. CFA, CIS, ACCA, ACA, CFP, CFE, ACAMS, IT Certifications, etc. 

Experience:  

  • A minimum of 5 – 8 years post qualification experience at managerial level in Risk/Control functions within the  Financial Services Industry. 

Key Competency Requirements:

Job Knowledge:

  • Legal & Regulatory framework and environment
  • Banking Operations (Domestic & International)
  • Business Environment /Industry analysis 
  • Credit Analysis/Appraisal 
  • Accounting / Financial Analysis & Interpretation. 
  • Assets and Liability Management
  • Business Strategy and Risk
  • Investment / Portfolio Management
  • Operational Risk Management 

Skills & Competencies:

  • TQM/ Documentation 
  • Research skills 
  • Excellent interpersonal skills  
  • Methodical and systematic 
  • An enquiring and analytical mind 
  • Assertive and persuasive
  • Attention to detail 
  • Good people & relationship management skills
  • Excellent communication (oral & written)  
  • Proficient in the use of technology 
  • Self-motivated, result-driven, goal-oriented 
  • Excellent report writing skills 
  • Works well under extreme pressure and remains calm with  the ability to prioritize 
  • Articulate, confident communicator and presenter

Supervisory Skills: 

  • Excellent administrative skills  
  • Leadership / Influence 
  • Team building / Management 
  • Conflict management and resolution  
  • Organization and coordination skills  
  • Coaching and Training

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