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