In order to meet the demands of our expanding business especially in the area of regulatory and internal compliance to policies, procedures, legal and regulatory requirements, a reputable financial institution seeks to hire a young and dynamic individual to fill its’ Head,Compliance vacancy.
This is a Head level role, which will also be an executive position reporting to the CEO and the board risk committee.
Key responsibilities include :
Establish and continuously improve a consistent operating framework for the identification, management, monitoring and reporting of Compliance risks and issues.
Responsible for ensuring that the operating framework meets internal and statutory requirements.
Responsible for the review, challenge and roll-out of Compliance Policies and standards.
To provide advice and guidance to business units and management on all compliance issues.
Report to relevant governance committees, by providing or presenting clear and concise compliance reports to the board, as needed.
Providing strategic direction to management team on compliance matters.
Promote a compliance culture throughout the institution.
Ensure that internal policies do not contravene current and / or proposed legislation, rules and regulations.
Determine the impact of current (Banking Institutions Act, etc.) and new legislation etc.), rules and regulations on the institution, its current / new projects and current / new products.
Assist Line Management to comply with applicable statutory, regulatory and supervisory requirements and to avoid sanctions related to market conduct.
Evaluate new laws and regulations and stay abreast of all legislative and regulatory developments both locally and globally that might have an impact on the institution.
Monitor non-compliance and escalate any issues where non-compliance is not addressed.
To manage, track and ensure all issues are closed in a timely manner and in compliance with the agreed time lines.
Develops and ensures approval by board on annual Compliance Programme
Support in the training and development of staff to appreciate regulations and policies that affect their day to day work and has the propensity to affect regulations.
Support in the review and implementation of institutional policies that impact on risk, regulations and the compliance function.
Interacting with regulators on compliance issues
MINIMUM QUALIFICATION AND EXPERIENCE
A degree from a recognized Tertiary Institution in Banking and Finance, Accounting, Marketing and any other relevant Social Science field.
A minimum of eight (8) years of experience in general banking operations and compliance
Must have a thorough understanding of banking and credit operation processes, policies and procedures
Should have experience in retail banking (credit and other financial products) to both new customers and existing customers.
A general knowledge and understanding of banking, as well as legislation, rules and regulations impacting banking or good understanding of compliance requirements for a financial institution
Good computer literacy knowledge of MS Word, MS Excel and MS PowerPoint.
Ability to communicate effectively, verbally and in writing, to clearly express logically reasoned ideas.
Ability to think clearly and asses matters quickly and to solve problems with the minimum fuss and time.
Ability to make / take calculated decisions and to think forward and act accordingly.
Knowledge of sourcing information (including internet).
Strong Christian background and sensitivity to gender equality issues
Has strong Board room experience and ability to engage at very high level
Logic thinking / reasoning,
Leadership and Management skills
Self-starter and dedicated