Job Summary:
Responsible for monitoring and assessing the Bank’s compliance with applicable regulatory requirements through on-site and desk-based assessments, identifying violations, and ensuring timely corrective actions.
Job Responsibilities:
- Manage and supervise the Compliance Assessment and Monitoring team.
- Develop and successfully execute a detailed risk-based annual compliance assessment and monitoring plan.
- Conducting all reviews with very high-quality maintaining excellence across all reviews
- Review assessment findings and reports and ensure proper documentation.
- Follow up on identified violations and corrective actions until closure.
- Monitor compliance with Central Bank regulations, internal policies, and applicable laws.
- Prepare and submit periodic compliance assessment reports to senior management and relevant committees.
- Engage with stakeholders and proactively discuss the progress of the monitoring activities so that they are aware of issues identified timely and are aware of the progress of the monitoring assignment
- Work with the business units to agree on the findings, risk ratings and remedial actions required
- Build and develop the Compliance officer’s framework within the relevant sectors and branches, follow up with compliance officers on the implementation of their related tasks and ensure the compliance officers list is updated.
Job Qualifications:
- Bachelor’s degree in Accounting, Business Administration, Economics, or a related field.
- Minimum 8 years of experience in the banking sector, including at least 6 years of experience in compliance monitoring.
- Strong knowledge of banking regulations, Central Bank requirements, and compliance frameworks.
- Professional certifications or postgraduate qualifications in Compliance, Risk Management are highly preferred.
