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KEY RESPONSIBILITIES:
Oversight Compliance – 70%
- To research and keep abreast of any changes to laws and regulations and ensure the management and the Board are updated;
- To actively participate in industry forums and workshops so as to keep abreast with new developments, best practices and/or changes in the laws and regulations;
- To advice and ensure that any changes to the regulatory reporting requirements are noted and tracked for compliance.
- To maintain a register of all regulatory and statutory requirements that the Bank is obligated to adhere to and the respective internal owners;
- To prepare and implement a detailed work plan to regularly review and assess the status of compliance with all the relevant laws and regulations through on-site and off-site reviews of business units and departments.
- To regularly assess the status of compliance with all the relevant laws, regulations and policies identified in the Regulatory and Statutory Compliance register;
- To ensure the Bank’s policy and procedures in place are in tandem with the regulatory requirements.
- To participate in the review and or development of new or existing policies and procedures of the Bank as may be required.
- To liaise and collaborate with the Risk and Internal Audit departments to identify areas of non-compliance and ensure adequate follow up to have the issues closed.
Reporting – 15%
- To review all regulatory returns submitted to the Regulator & other statutory bodies to confirm that the Bank is compliant.
- To prepare regular reports providing updates on matters related to compliance with statutory and regulatory requirements;
- To assist in the preparation of papers for the Management and Board giving updates on the status of compliance with the relevant laws, regulations;
- To cooperate and facilitate the provision of ad-hoc reports and or information to the regulators as and when required.
Leadership & Stakeholder Management – 15%
- To review all regulatory returns submitted to the Regulator & other statutory bodies to confirm that the Bank is compliant.
- To prepare regular reports providing updates on matters related to compliance with statutory and regulatory requirements;
- To assist in the preparation of papers for the Management and Board giving updates on the status of compliance with the relevant laws, regulations;
- To cooperate and facilitate the provision of ad-hoc reports and or information to the regulators as and when required.
KEY RELATIONSHIPS:
Direct Reports to this Position
No direct reports to this role at the moment. However, there is an expectation that the holder should be a subject matter expert and be able to demonstrate confidence to lead teams of peers, communicate and engage with senior members of staff e.g. Managers in all departments/units when undertaking compliance reviews or when called upon to do so.
Customers of this Position
- Board Risk Committee (BARC)
- Executive Management Committee (EXCO)
- Operational Risk Committee (ORCO)
- All Branches and Departments
Knowledge; Skills and Experience required for this Role
- At least 5+ years’ experience in a banking environment working in a similar role and with sound exposure to the various statutory and regulatory requirements.
- Bachelors’ degree.
Competencies required for this Role
- Leading teams
- Working with people
- Creating and Innovating
- Delivering results and exceeding customer expectations
- Planning and Organizing
- Learning and Researching
- Writing and Reporting
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