Job Details

Description

JOB PURPOSE

This role is responsible for ensuring the Bank’s adherence to regulatory requirements, particularly those related to IT and information security and products and channels. The role involves monitoring regulatory changes relating to Technology and Information security, conducting compliance reviews, and supporting the implementation of effective controls to mitigate compliance risks.

Under the supervision of the Monitoring & Regulatory Compliance Head , the following are among the Job Key Responsibilities:

Monitoring:

• Assist in the development of annual compliance monitoring plans taking into consideration other assurance providers plans such as Internal Audit, Risk, Governance & Controls and any other assurance providers
• Stay updated on and monitor compliance with relevant Zambian banking regulations, particularly those related to IT, information security and Digital products and channels.
• Follow up and ensure appropriate closure of IT and Information Security compliance issues
• Implement, align and embed compliance principles and methodology within specific business functions as assigned
• Ensure that appropriate compliance policies are in place and embedded to meet Zanaco Policy and regulatory requirements
• Monitor the operation of Compliance Policies
• Support the Unit Head to carry out risk-based compliance monitoring per the approved Annual Plan, including the undertaking of any assigned ad-hoc  tasks
• Produce Draft reports as per each monitoring assignment for review by the Monitoring and Regulatory Compliance Head.

Training and Awareness:

• Assist the Training team in ensuring that Compliance mandatory training is delivered Bank wide
• Participate in Compliance awareness programs as instructed by the Monitoring and Regulatory Compliance Head Assist in monitoring and assessing the effectiveness of mandatory Compliance Training delivered to staff, identify any training gaps and make recommendations for remediation
• Ensuring that ongoing awareness raising information is provided to staff, including successes within Zanaco, new typologies and cases, and changes in the legal or regulatory obligations

Other Activities:

• Support the Monitoring and Regulatory Compliance Head with Governance responsibilities by assisting in the preparation of reports, presentations and special position  papers for the Board and Risk Oversight Committee.
• Maintain accurate and up to date working databases which correctly reflect the final reports issued.
• Strategic MI requirements to collate and prepare management information for the Compliance function and conduct trend analyses, drawing up recommendations based on findings.
• Ensure reports/working papers and databases are properly archived after the completion of the Compliance Monitoring.
• To provide first line support for Compliance applications and ensure all applications are operating effectively, thereby providing the highest level of system availability and performance.
• Consolidate and liaise with staff in businesses to ensure the timely receipt of accurate data.
• Be an active team member of a high performing team, committed to achieving success through each other and providing support for function

Risk Assessment:

• Assist with the compliance risk assessment process ensuring that the compliance risks are appropriately identified and assessed.

Reporting:

• Assist with preparing and coordinating planned and ad-hoc reports on compliance developments as required.

External Relations:

• Support the Monitoring and Regulatory Compliance Head in the development and maintenance of effective and efficient interaction with regulators, ensuring the bank’s views are appropriately represented and facilitating the supervisory activity of regulators.

INTERNAL/EXTERNAL CONTACT

• External: BoZ & Other Regulators

• Internal: All internal Business Units

Requirements

QUALIFICATIONS AND EXPERIENCE

• Grade 12 Certificate with Credit or above mandatory in Mathematics and English and any other three subjects
• Bachelor’s Degree in Information Technology or any other related field
• Relevant IT and Information security Certifications
• Zambia Qualifications Authority (ZAQA) Verification Certificate for Tertiary Qualifications
• At least four (4) years professional experience preferably in IT and Information Security Audit, Risk Management, Compliance and governance
• Team player able to work effectively in a team fostered, multi-tasking environment
• Excellent verbal, written, and interpersonal communication skills

JOB CORE COMPETENCIES

• Attention to detail
• Drive for results
• Monitoring
• Report writing
• Research skills
• Analytical skills
• Trainer skills in Compliance
• Fraud reporting
• Customer Service