Our Client a well-established fully fledged & approved commercial Bank in East Africa is currently seeking to fill the role of a risk & compliance manager. The successful candidate will develop and implements strategies, policies, and procedures for minimizing loss and reducing risk from fraud and other illegal acts. S/He develops, execute continuously conduct audits and inspections to ensure a bank adheres to set internal and external law.
Roles & Responsibilities:
Champion in Compliance Analysis responsible for smooth and effective onboarding of new clients.
Assist with developing and implementing a risk-based compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance risks.
Primary responsibility for maintaining and monitoring compliance with key compliance policies
Ensure that compliance procedures, systems and controls are up-to-date and effective.
Maintain the compliance manual, and all compliance procedure documentation.
Training, including providing regular training to employees on compliance matters, including internal policies and procedures, the application of standards and guidelines, and relevant laws and regulatory requirements, promoting and enhancing a strong bank-wide compliance culture
Implementation of the Risk and Compliance framework and Policies in the Bank
Monitoring and tracking of Banks’ compliance to regulatory guidelines statutory requirements and internal processes and procedures.
Identification and assessment of the compliance risks associated with the bank’s current and proposed future business activities, including new products, new business relationships and processes
Regular reviewing of transactions to ensure that high risk transactions are identified and appropriately approved
Bachelor’s degree in Business, Banking, Accounting/Finance, Economics
CPA/ ACCA with recognized professional designations in audit (CIA or CISA) as an added advantage.
5 years’ experience in risk and compliance management in the financial services industry.
Solid understanding of risk and control concepts.
Comprehensive and current knowledge of legislation applicable to Microfinance institutions including the CBK