Head of Compliance Commercial Bank at Brilliance Executive Management Consultants

Job Description

Description:

Job Purpose

The Head of Compliance will be responsible for developing, implementing and maintaining an effective compliance program that ensures the Bank’s compliance with all applicable laws and regulations as per BOZ circulars. Conducting sufficient interventions at periodic intervals to identify and evaluate potential compliance risks and reporting results of such compliance testing to the Senior Management.

Summary of Key Responsibilities:

Develop, implement, and maintain an effective compliance program that includes policies, procedures, and controls to ensure compliance with applicable laws and regulations.
Ensure compliance of regulatory / supervisory directions given by BOZ in both letter and spirit in a time-bound and sustainable manner.
Ensuring that the bank’s compliance program is regularly reviewed and updated as necessary to maintain its effectiveness
Serve as the Chairperson of the Management Compliance Committee -quarterly meetings to disseminate regulatory changes; review violations, findings; review future reviews, examinations, and risk assessments; training efforts, reported complaints,
Provide guidance to bank staff on compliance-related issues and ensure that the compliance program is integrated into the bank’s overall risk management framework
Monitoring changes in laws and regulations that affect the bank and assess the impact of these changes on the bank’s compliance program.
Providing regular reports to senior management and the Board of Directors on the bank’s compliance program, including the results of compliance risk assessments and any material compliance issues that have arisen.
Collaborate with compliance consultants on compliance monitoring schedule, annual enterprise-wide compliance risk assessment, monitoring reviews and other risk assessments
Collaborating with other departments within the bank, such as Risk Management, Legal, and Audit, to ensure that compliance considerations are integrated into the bank’s overall risk management framework.
Assisting the Board and the Senior Management in overseeing the implementation of Compliance Policy including policies and procedures, prescriptions in Compliance Manuals, internal codes of conduct etc.
Ensure corrective actions to resolve weaknesses identified during: regulatory examinations, compliance monitoring reviews; risk assessments; and internal reviews have been implemented
Conduct compliance-related risk assessments, including the annual Fair Lending Risk Assessment
Serve as a Member of the Bank’s SAR Committee, CRA Committee, New Products Committee and ERM Committee
Manage the Bank’s Identity Theft Prevention Program and prepare annual report to the Board of Directors

Required Skills and Competencies

Excellent communication and interpersonal skills.
Attention to detail
Strong analytical skills
Problem-solving Skills
Decision-making skills.
Sober-minded
Strong Leadership Skills

Primary Areas of Accountability:

Qualifications and Experience

Degree in Finance, Law, Business Administration, or a related field
A masters in any of the above fields will be a plus
Minimum of 7+ years of experience in compliance, risk management, or a related field within the financial services in dustry.
Extensive knowledge of banking regulations and regulatory requirements.
Proven leadership experience with the ability to manage and develop a high-performing team.
Professional certifications such as Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), or equivalent is highly desirable.

QUALIFIED & EXPERIENCED FEMALES ARE ENCOURAGED TO APPLY FOR THIS POSITION

If you meet the hiring requirements for the position, please email your CV in Ms Word and Cover Letter clearly stating your salary expectations to: [email protected] & Cc [email protected]

Note that, all communications will be kept in the strictest of confidence. If you do not receive communication within 21 working days of the closing date of the advert, please consider your application unsuccessful.

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