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Provide compliance services which include Regulatory Risk identification, analysis and awareness, in a bid to ensuring effective compliance and avoidance of regulatory sanctions.
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Develop/update all regulatory and best practice Policies and Manuals.
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Develop and execute AML/CFT and Compliance Training and Awareness programs.
DUTIES & RESPONSIBILITIES
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Develop and ensure the implementation of a robust compliance plan in line with the bank’s compliance program and international best practice.
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Scan the environment for applicable regulations and ensure processes are put in place to monitor compliance with legal obligations and regulatory requirements.
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Advise the Board and Executive management on regulatory policies and their regulatory responsibilities.
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Develop and provide assistance to deliver various training courses on compliance areas within the Bank.
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Ensure adequate monitoring of all relevant procedures relating to compliance within the Bank and carry out periodic assessment of the bank’s products.
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Ensure the implementation of External and Internal Audit’s recommendations and closure of all compliance exceptions within reasonable time limit.
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Ensure compliance with exchange control regulations and timely intervention on outstanding documentation for follow-up by the relationship managers.
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Monitoring/ ensuring timely closure of all requests for information from correspondent banks and other regulatory authorities
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Plan, implement, coordinate and execute technical and functional assessment including testing to ensure adhere with established controls and reporting know or possible deficiencies
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Respond to inquiries from branch on AML/CFT and other regulatory matters.
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Oversee weekly review of debit and credit transactions carried out by the branches for possible STR and Currency Transactions Reporting (CTR)
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Oversee daily review and monitoring of Foreign Exchange Transactions for timely escalation of outstanding documents and reporting of Foreign Transactions Reporting (FTR)
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Respond to inquiries from all regulatory agencies (BSL, NRA, FIU, ACC etc.)
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Monthly review of head office departments and Money Transfer activities for regulatory compliance.
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Treatment of assigned alerts for closure with reasonable time limit and follow up of any red flags for investigation.
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On-site assessment visits of branch for compliance reviews.
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Monitoring and review of High-Risk account and Sanction Screening on a daily basis
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Daily FCCM alert review i.e within 24hours
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Assist in delivery of bank wide Compliance Training program on a quarterly basis.
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Review of the of the bank laws and regulatory and compliance policies and procedures
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Transaction compliance monitoring of High-Risk Accounts for unusual activities.
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Responsible to support an organization in effectively managing, implementing monitoring, and maintaining the ISMA
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Ensure the implementation of External and Internal Audit’s recommendations and closure of all compliance exceptions within reasonable time limit.
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Complete the planning process and develop an overall audit approach timely and ensure all audit program steps addressed
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Promote ethical conduct, governance and compliance culture within the bank through relevant policies and standards.
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Monitoring for timely closure all requests for information from correspondent banks and other regulatory authorities (FIU, Tax Authority, BSL etc.)
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Ensure monthly report on compliance activities to the BRCC, compliance certificate and quarterly report to the BARAC
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Reviewing of bank products and screening of accounts on Thompson ruthers/world check platform.
Specification: Education, Qualifications & Experience Required
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A degree and at least 5 years working experience in Compliance at the banking industry is required
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Ability to work autonomously and as part of a team
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Strong commercial awareness with good negotiation skills
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Ability to work in a fast-paced and deadline-oriented environment
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Excellent interpersonal and communication skills, training skills and writing skills
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High level of integrity and professional accountability
Interested candidates should apply with:
Recent Curriculum Vitae (CV) including names and full contact addresses of referees, one of whom must be their current or most recent employer and attached certificate of qualification.
You can send through email
Only shortlisted candidates will be contacted.
