Risk and Compliance Officer

The incumbent is responsible for managing all aspects of the Enterprise Risk & Compliance portfolio, ensuring that risk is minimized and there is full compliance among the various business units, with established laws, regulations, policies and procedures.

MAIN DUTIES AND RESPONSIBILITIES

ENTERPRISE RISK

• Monitoring and updating policies and procedures for risk measures in the various bsuiness units
• Monitoring the risk register and identifying potential changes in the environment affecting the segment.
• Ensuring risk registers align with key business objectives.
• Providing support to risk owners in defining and rating risks.
• Communicating industry and regulatory updates and assist in third-party due diligence.
• Conducting risk assessments for all business units.
• Reporting on risk assessments, trends, and control weaknesses to the management.
• Overseeing and monitoring the closure of internal/external audit matters.
• Conducting self-audits to ensure adequate controls and compliance with policies and procedures.
• Assisting in annual business continuity planning (BCP) activities, including risk assessment, business impact analysis, and testing exercises.
• Assessing and reviewing scripts for UATs in key projects and initiatives.
• Facilitating risk management training to increase awareness and participation at the entity level.
• Supporting the building of a risk culture in keeping with the stipulations of the FSC and other regulatory bodies.
• Performing any other duties assigned.

COMPLIANCE

• Developing and updating policies, procedures, and programmes related to Anti- Money Laundering (AML), Counter-Financing of Terrorism (CFT) and Counter-Proliferation Financing (CPF) compliance.
• Ensuring staff are trained, at least annually, on AML/CFT/CPF.
• Developing and revising the compliance matrices, programmes and policies to reflect changes in the organization’s needs, laws, regulations, and procedures related to compliance issues, at least annually, or as required.
• Informing and training staff on changes to policies and procedures
• Monitoring and testing, on an ongoing basis, the effectiveness of the compliance programmes and the taking of the required corrective actions when and where required.
• Advising the Boards of Directors, senior management, and the business units of proposed or pending regulatory changes.
• Ensuring the completion and timely submission of all regulatory reports to the responsible bodies within the respective territories.
• Conducting testing of new policies opened and pre-existing policies to ensure they are opened and maintained in accordance with the established policies and laws.
• Ensuring the development, implementation, and ongoing maintenance of a risk assessment framework in each business to include the conduct of an annual AML/CFT/CPF enterprise risk assessment.
• Ensuring all records are kept safely and securely to ensure the timely retrieval of documents and retention is done per the applicable legislation.
• Ensuring policies opened for high-risk customers are reviewed on an ongoing basis.
• Reporting to the Audit Committee and Board of Directors, at least quarterly, on the compliance programme of the businesses.
• Ensuring the annual independent audit of the AML/CFT/CPF compliance programme for the business is conducted.
• Performing any other duties assigned.

REQUIRED QUALIFICATION, EXPERIENCE, KNOWLEDGE AND SKILLS:

• A professional anti-money laundering certification (ex. Certified Anti-Money Laundering Specialist)
• A professional risk management certification
• Bachelor’s Degree in Risk Management, Management Studies, Finance, Accounts, Law or equivalent
• Strong working knowledge with understanding and interpreting legislation
• Three (3) years’ experience in a similar capacity
• Knowledge of the Regulations and Acts governing the Financial Services industry
• Knowledge of the various regulations governing AMLA/CFT/CPF
• Sound knowledge of the Financial Services industry
• Facilitating the identification and mitigation of enterprise risk
• Proficiency in Microsoft Office suite, (MS WORD, EXCEL & POWERPOINT)
• Strong understanding of the use of information technology and the operation environment in financial institutions
• Strong communication and presentation skills
• Ability to develop policy and procedure documentation.
• Excellent interpersonal and analytical skills.
• Ability to maintain a high level of integrity and confidentiality.
• Ability to work in a fast-paced environment

Please submit your applications by Friday, August 9, 2024.

We thank you for all applications of interest, however, please note that only qualified shortlisted candidates will be contacted.