15 May 2020

Head, Compliance at Reputable Savings & Loans Company

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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

Qualification

  • 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

CORE COMPETENCIES

  • Logic thinking /reasoning,
  • Leadership and Management skills
  • Emotional maturity
  • Self-starter and dedicated
  • Teamwork
  • Assertive
  • Observant
  • Convincing
  • Analytical

 




      Method of Application

All interested applicants should send their application and CVs to [email protected] not later than May 31, 2020. Only short listed applicants will be contacted.



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