JOB SUMMARY:

To ensure that the Bank adheres to and is compliant with all the relevant laws and regulations e.g. Banking Act, Prudential Guidelines, CBK Guidelines & Circulars, etc. that govern the Bank's business and other related activities.

KEY RESPONSIBILITIES:

Leadership and Stakeholder Management

• To seek, develop and maintain relationships with the Regulators and other key stakeholders,
• To assist and guide Management in responding to enquiries or requests from Regulators and other stakeholders as appropriate,
• To organize and participate in the training and awareness programs for Staff on the relevant Regulatory and Statutory requirements and obligations,
• To promote a compliance awareness culture in the Bank,
• To deputise the Director, Compliance and undertake other activities as assigned from time to time.

Oversight Compliance with all the Relevant Regulatory & Statutory Requirements

• To research and keep abreast of any changes to laws and regulations and prepare regular updates to management and the Board,
• To actively participate and represent the Bank 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 review the Bank’s policies and procedures and ensure that they are aligned to 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

• To review reports/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 providing 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.

Direct Reports to this Position

• Compliance Officers in the section

Key Internal Stakeholders 

• Board Risk Committee (BARC)
• Executive Management Committee (EXCO)
• Operational Risk Committee (ORCO)
• Branch Managers & Heads of Department

Knowledge; Skills and Experience required for this Role

• At least 7+years’ experience in a banking environment, working in a similar role in Compliance or Risk departments,
• Sound working knowledge of the Banking Act, Prudential Guidelines and other relevant and applicable laws, regulations,
• Minimum of a Bachelors’ Degree,
• Professional certifications in Risk and Compliance will be an added advantage.

Competencies required for this Role

• Leadership-Ability to lead a team, and engage with Management.
• Ability to prepare and facilitate training as a Subject Matters Expert (SME).
• Excellent verbal and written communication skills.
• Collaboration/Team player.
• Risk assessment skills.
• Planning and Organising.
• Learning and Researching. 
• Critical thinker with good analytical capabilities.
• Proficiency in use of MS Office tools especially excel.