Job Description
1. Compliance Advisory
• Anticipate
and address complex regulatory issues, identify emerging risks, and propose
effective solutions.
• Communicate
complex compliance issues clearly and persuasively and engage stakeholders in
risk-based decision making.
• Champion
a culture of continuous learning and improvement, fostering innovation and
creativity, and promoting knowledge sharing across the organization.
2. Regulatory Compliance
• Understand
regulatory requirements applicable to the bank's operations.
• Demonstrate
ability to comply with legal requirements and company policies and procedures.
• Possess
the ability to identify and report potential compliance issues and risks.
• Participate
in training and development programs related to legal compliance.
3. Risk Management Compliance
• Exhibit
in-depth knowledge of the complex regulatory environment related to risk
management and compliance in the banking industry.
• Evaluate
the level of compliance with regulations related to risk management and
compliance.
• Analyze
risk management compliance issues.
4. Compliance
Tools and Technologies
• Demonstrate
proficiency in the use of compliance tools and technologies effectively.
• Identify and mitigate
advanced compliance risks that arise when using these tools and technologies.
• Understand the
underlying technology of these tools and how to integrate them into the overall
compliance architecture.
• Design and implement
compliance systems and processes that utilize complex technologies.
• Proactively identify
ways to improve compliance tools and technologies.
• Train and mentor
others in the use of compliance tools and technologies.
5. Industry
Best Practices
• Apply industry regulations and
standards to specific situations.
• Identify and reports potential
compliance issues to appropriate stakeholders.
• Analyze and evaluate compliance
risks.
• Participate in compliance training
and development opportunities.
6. Compliance
Reporting
• Independently
review relevant data sources for accuracy and completeness.
• Identify
potential reporting issues and escalate, as necessary.
• Accurately
complete complex reports using established processes and templates.
• Demonstrate
significant knowledge of relevant software and data systems used for reporting.
7. Stakeholder Engagement (Regulators)
• Independently review relevant data sources for
accuracy and completeness.
• Identify potential issues on responses to
request and escalate where necessary.
• Accurately complete reports/observations
analysis using established processes and templates.
Key Performance Indicators:
1. Compliance Advisory
• Successfully
address at least two (2) complex regulatory issues per quarter and propose
effective solutions.
• Achieve
positive feedback from stakeholders indicating clear and persuasive
communication and active engagement in risk-based decision-making in at least
90% of interactions.
• Achieve
a participation rate of at least 80% in continuous learning initiatives,
contributions in at least two innovative and creative projects per year, and
active engagement in knowledge-sharing activities.
2. Regulatory Compliance
• Achieve a proficiency level of 95% or higher
in understanding regulatory requirements applicable to the bank's operations.
• Achieve a compliance rate of 98% or higher in
complying with legal requirements and company policies and procedures.
• Identify and report at least X (number of)
potential compliance issues and risks within the quarter.
• Successfully complete all required training
and development programs related to legal compliance within the designated
timeframe.
3. Risk Management Compliance
• Achieve
a proficiency level of 85% or higher in understanding the complex regulatory
environment related to risk management and compliance.
• Maintain
a compliance rate of 95% or higher in adhering to risk management and
compliance regulations.
• Analyze
and resolve at least three risk management compliance issues per quarter.
4. Compliance Tools and Technologies
• Achieve a proficiency
level of 85% or higher in the effective use of compliance tools and
technologies.
• Identify and mitigate
at least two advanced compliance risks per quarter related to the use of these
tools and technologies.
• Achieve a proficiency
level of 90% or higher in understanding the underlying technology and
integration of these tools into the overall compliance architecture.
• Successfully design
and implement at least two compliance systems and processes per year utilizing
complex technologies.
• Provide at least four
suggestions or improvements for compliance tools and technologies per year.
5. Industry Best Practices
• Achieve
a minimum accuracy rate of 95% in applying regulations and standards.
• Report
all identified compliance issues promptly and with 100% accuracy.
• 100%
timeliness in completing all assigned compliance risk assessments.
• Successfully
complete a minimum of 90% of assigned training and development programs, as per
the bank's training schedule.
• Achieve
an average rating of 4 out of 5 or higher on the quality of investigation
reports.
6. Compliance Reporting
• Achieve
an accuracy and completeness rate of 95% or higher for independently reviewed
data sources.
• Identify
and escalate all potential reporting issues within 24 hours of discovery.
• Achieve
an accuracy rate of 98% or higher for complex reports completed.
• Achieve
a proficiency level of 90% or higher in using relevant software and data
systems for reporting.
7. Stakeholder
Engagement (Regulators)
• Achieve
an accuracy and completeness rate of 95% or higher for independently reviewed
data sources.
• Identify
and escalate all potential issues in response to requests within 24 hours of
discovery.
• Achieve
an accuracy rate of 98% or higher for reports/observations analysis completed.
Requirements• Bachelor’s Degree in Banking &
Finance, Business Administration, Law or any related field.
• 8-10 years cognate experience
• Additional academic qualification is
an advantage.
• Relevant
Professional certification (CIBN, DCP, ACAMs, ACA, ACCA, ICAN etc) is an
advantage
