Lets Write Africa’s Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Job Summary
Reporting to the Compliance Manager, the holder shall Support the Compliance manager to implement the Bank’s Compliance programs. The holder shall work with risk owners to identify, assess and prioritize key compliance risks and advise the Business on mitigating actions or controls, in order to maintain compliance risks within the Bank’s Compliance risk appetite (Zero Tolerance for non-compliance).
This includes reviewing, identifying, updating, monitoring and assessing emerging compliance risks and regulations, monitoring of regulatory compliance, maintenance of the regulatory universe and tracking of all compliance related management actions. The holder shall conduct compliance checks to assess compliance to regulatory requirements, policies and procedures.
Key Responsibilities of the role
- Support in reviewing of department policies and procedures to align with latest regulatory and Group requirements (applicable compliance key focus areas).
- Support the review of Bank’s policies and procedures against applicable and current regulations. The gaps identified from the review shall be highlighted to the risk owners with recommended improvements and follow up on adoption.
- Support review, adoption and attestation of Group Regulatory Compliance Policy and Risk Management and Compliance Program (RMCP) for the bank and its subsidiary.
- Support business in reviewing policies and procedures to align them with applicable current regulations and guidelines.
- Contribute to the enhancement of compliance risk awareness among staff and promotion of compliance culture in the organization, conducting training on compliance risks, control matters and regulatory compliance.
- Review and develop Compliance checklists and snap checks templates for critical business units and processes.
- Conduct compliance checks to assess compliance with regulatory requirements, policies and procedures.
- Conduct priority Compliance risk assessments within the bank and its subsidiary.
- Support business by conducting compliance risk assessments during launch of new products, review of business model (existing products and services), process reviews and reengineering, implementation of new systems and solutions, etc.
- Monitor and scan through the regulatory ecosystem both local, regional and global for any new regulatory developments e.g. relevant bills in parliament, Acts under review, Legal notices, regulators’ circulars and guidelines, conduct impact assessments on the emerging laws and regulations, preparing a report with recommendations for stakeholders’ action, and updating promptly regulatory universe and compliance tracker for stakeholders’ consumption.
- Engage Management to develop action plans to comply with applicable regulatory requirements, tracking action plans to completion.
- Prepare compliance reports necessary to enable Compliance manager and the Head of Risk and Compliance to advise stakeholders accordingly.
- Follow up on Compliance management actions arising from all assurance findings to ensure timely and quality closure by the respective owners.
- Implement and enforce the board approved KYC, AML, CFT, & CPF policy in as far as is applicable.
- Support Implementation, monitoring and reporting on group related compliance projects, methodologies and policies.
Education
Bachelor’s degree in business related field.
Desirable
Certification in Compliance Risk management; ACAMS
Knowledge and Skills
Knowledgeable in Regulatory compliance matters, Compliance Risk management and have working knowledge of banking operations.
Desirable
Data protection and AML/CFT/CPF related Acts and Regulations.
Experience
4 years’ experience in a bank or financial institution, with at least 2 years in Compliance or audit functions.
Personal Attributes
- Must be able to work independently with good interpersonal, report writing, Follow through, and project management skills.
- A mature self-starter, self-motivated, proactive, meticulous and committed individual.
- Analytical.
- Attention to detail.
- High level of accuracy with the ability to work with fixed deadlines.
Knowledge and Skills
Knowledgeable in Regulatory compliance matters, Compliance Risk management and have working knowledge of banking operations.
Experience
4 years’ experience in a bank or financial institution, with at least 2 years in Compliance or audit functions.
Personal Attributes
- Must be able to work independently with good interpersonal, report writing, Follow through, and project management skills.
- A mature self-starter, self-motivated, proactive, meticulous and committed individual.
- Analytical.
- Attention to detail.
- High level of accuracy with the ability to work with fixed deadlines.
Performs routine administrative duties such as drafting correspondences, scheduling appointments, organising and maintaining data, as well as assisting internal and external stakeholders
Responsibilities
Administration
Produce, update, and provide best practice support on a wide range of Microsoft documents, databases, and other departmental systems.
Business Meetings/Events Arrangement
Schedule appointments, make arrangements for meetings and conferences, and organize travel plans, following instructions to ensure more senior colleagues or a senior executive make the best use of their time.
Correspondence
Prepare routine letters, email, minutes of meetings, and reports for approval by more senior colleagues or a senior executive.
Document Preparation
Prepare moderately complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for reports.
Work Scheduling and Allocation
Design own monthly schedule and, if necessary, assign work to others in order to speed up office workflow and ensure high-priority tasks get done.
Data Collection and Analysis
Produce accurate reports for others by collecting data from a variety of standard sources and inputting it into standard formats.
Insights and Reporting
Extract and combine data to generate standard reports.
Budgeting
Monitor and analyze data using budgeting systems and protocols.
Personal Capability Building
Develop and maintain excellent process or technical skills by participating in assessment and development planning activities as well as formal and informal training and coaching.
Operational Compliance
Develop working knowledge of the organization’s policies and procedures and of regulatory codes and codes of conduct relevant to own work, adhering to mandatory procedures to ensure own work is undertaken to the required standards.
Procurement
Support others by carrying out simple procurement tasks. Involves following established procedures.
Skills
Accounting, Action Planning, Budget Management, Calendar Coordination, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Interpretations, Executing Plans, Financial Acumen, Management Reporting, Numerical Aptitude, Oral Communications, Report Review
