HEAD OF RISK COMPLIANCE

KEY RESPONSIBILITIES:

• Monitor implementation of the bank’s policies, procedures, standards, systems and guidelines by business units and identify risk and compliance gaps to be closed.
  
• Conduct stress tests, sensitivity analysis and simulation for Pillar I and II risks to update the Board the risks that bank is facing and how to mitigate them.
  
• Monitor full compliance against established risk standards/benchmarks and regulatory
  requirements including transaction monitoring, tracking risk & compliance matrix and review of reports sent to the regulator.
• Identify potential areas of compliance vulnerability and controls gaps; provide guidance on
  how to mitigate the risks identified; conduct follow up to ensure corrective actions are
  implemented.
• Provide the necessary awareness among bank management and staff through guidance,
  communications and training to ensure compliance with the Bank’s Risk and Compliance
  framework and methodologies including regulatory requirements, internal policies,
  procedures, standards and guidelines.
• Provide regular reporting as required on risk and compliance including Dashboards ad Reports for Financial, Credit and Operational risk, compliance and AML/CFT reports, quarterly Board reports and Risk Management Reports.
  
• Adequacy of personal competence through continuous professional and technical education
  to effectively perform risk and compliance tasks.

MAIN ACTIVITIES:

• Conduct identification and assessment of the risk and compliance gaps for each functional area/department of the bank and recommend controls to reduce residual risk.
  
• Conduct independent monitoring and oversight of the stop loss limits, VAR limits, counter party
  
• limits, country risk limits, rate tolerance limits and trader limits in the system.
  
• Conduct gap analysis and stress tests for IRBB, forex risk, credit risk and liquidity risk to update
  
• the Board the risk that bank is running and how to mitigate them.
  
• Develop, validate and back test robust financial risk measurement models.
  
• Carry out independent price validation of all revaluation rates and ensure general compliance of Treasury’s trading activities with internal policies, regulatory guidelines, market best practices and action exceptions related to trading losses, breaches of risk limits and other Bank policies and guidelines
  
• Daily FX rate tolerances/market conformity confirmations of all T24 teller and other channel transactions.
  
• Generate and analyze daily risk exposure reports and validate weekly/monthly liquidity ratios and review of call over report to assess any exception transaction that would have taken place.
  
• Prepare periodic reports to regularly update financial risk, credit risk, operational risk, compliance and AML & KYC exposures and circulate through the Head of Enterprise Risk.
  
• Review of Risk and Control Self-Assessment (RCSA), incidence reports, key risk indicators (KRIs), loss data collection and conduct other risk analytics.
  
• Assist in development of the Bank Risk management standards, reviews of all policies, policy guidelines and procedures that provide direction on processes within the Business Units.
  
• Conduct compliance assessment with focus on AML/CFT and assess AML/CFT risk from new products, delivery channels, services and conduct annual AML/CFT risk assessment.
  
• Manage Systems and Applications administered by Enterprise Risk Management and Compliance to ensure that they are serving the purpose of its existence within the bank.
  
• Perform other duties as assigned by immediate supervisor.
  

COMPETENCE REQUIREMENTS

• Performance Management to optimize own productivity.
  
• Technical skills to effectively perform and/or guide performance of Risk and Compliance activities/tasks in a manner that consistently achieves high quality standards or benchmarks.
  
• Interpersonal skills to effectively communicate with and manage customer expectations (internal and external) and other stakeholders who impact performance.
  
• Knowledge and experience in modern Risk and Compliance Risk Management practices to initiate and implement tactical changes to support business performance.
  
• Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks.
  
• An understanding of the operations environment and an all-round knowledge of how all the units within the Bank operate.
  
• Good analytical skills and familiar with Business Intelligence Systems.
  
• Self-empowerment to enable development of open communication, teamwork and trust that are needed to support performance and customer-service oriented culture.
  

JOB REQUIREMENTS

Academic:

• At least a bachelor’s degree or its equivalent in Mathematics, Finance, Banking, Economics, Business Administration or similar quantitative disciplines.
  
• Postgraduate qualifications such MBA will be an added advantage.
  

Professional:

• FRM, CFA, CPA /ACCA or ACI Certification is desirable
  

Desired work experience:

•      Exposure to Treasury Front Office/Back Office and General Ledger reporting systems

•      Exposure to Risk Management and Compliance in financial institution.

•      Preferably a minimum of 3 years of relevant professional experience in banking and/or finance,

•      Experience with MS office and SQL

REPORTING RELATIONSHIPS

• Functionally reports to: Board Risk Management Committee                 
  
• Administrative reports to: MD/CEO