JOB DESCRIPTION
- Implement a risk-based compliance monitoring framework, capable of identifying, assessing and reporting all material compliance risks.
- Monitor and coordinate compliance activities of all departments within the Bank and ensure their procedures, internal systems and controls are up-to-date and properly documented.
- Maintain an updated understanding of relevant regulatory requirements by providing advice and guidance on various current and emerging laws & regulatory requirements that impact on the banking business.
- Keep the business informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on the Banking processes.
- On an ongoing basis, identify potential areas of compliance vulnerability and risk, and develop/implement corrective action plans for resolution of problematic issues, and provide general guidance on dealing with similar situations in the future.
- Respond to alleged violation of rules, regulations, policies and procedures by evaluating and recommending the initiation of appropriate investigative procedures.
- Collaborate with other departments to direct compliance issues to appropriate existing channels for further investigation and resolution, and consult with the legal department as needed to resolve legal compliance issues.
- Monitor credit risk outstanding against set limits and counterparty.
- Prepare monthly ALCO pack for inclusion in the ALCO process and ad-hoc data reports to regulators and other stakeholders as may be required.
- Conduct stress testing processes and perform any analysis where required.
- Daily monitoring of exceptional transactions across branch network for fraud/ AML surveillance.
- Support the supervisor in review and analysis of key exposures, limits and their utilization in view of prevailing market conditions.
- Investigate and report off market transactions.
- Identify, assess and report on the reputational risks facing the Bank through laid down procedures.
- Support in coordination and implementation of good ethical behavior in the way the Bank conducts its businesses and ensure adherence to best business practices
KEY COMPETENCIES, SKILLS, QUALIFICATIONS AND EXPERIENCE
- At least 3 years in a credit role in a Bank
- Minimum bachelor’s degree in Business or Accounting or any other related course from a recognized university
- Basic knowledge in Compliance laws, rules, regulations, risks and typologies
- Excellent written, verbal and analytical skills
- Must be a self-starter, flexible, innovative and adaptive
- Highly motivated, strong attention to detail, team oriented, organized
- Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.
- Basic awareness of regulatory requirements including local and international laws, regulations
Method of Application
Interested candidates are requested to send their cover letter and CV to [email protected] quoting the position applied for on the e-mail subject on or before 24th July 2023 at 5:00pm.
