Manager - Compliance at DIB Bank Kenya Limited (DIBBKE)

Job description

To assist in managing Compliance functions consisting of Regulatory Compliance, AML/ Due Diligence, and Training Compliance controls in accordance with the framework, regulatory & policy requirements so as to enable the Bank to manage the Compliance Risks

Develop and or establish Compliance framework comprising of Charter, Policies & Procedures.

Establish a risk based Compliance Program to identify, measure and assess Compliance risks in Products, activities & processes of the Bank in accordance with the Compliance framework

Ensure adequacy, effectiveness & efficiency of Group Compliance functions & Compliance Controls ( i.e., regulatory Compliance, Financial Security, Market abuse, Suitability, Deontology, Conflict of Interest etc) in accordance with regulatory & policy requirements.

Cause to increase Compliance knowledge of the organization through training and awareness programs

Review the investigations on “Red flags”, escalate suspicious, dubious & or fraudulent names/accounts &/or transactions and report it to senior management & Board Audit Committee.

Report material findings, anomalies & recommendations pertaining to Regulatory & or financial crime related issues to senior management and Board Members.

Have oversight of all compliance monitoring activities

Effectively function as Money laundering Reporting Officer & liaise with Regulator for regulatory instructions, advises and communication for compliance purposes.

Provide guidance & advice to relevant functions within DIB Group towards strengthening regulatory compliance and mitigating Compliance risks.

Ensure participation in relevant committees, reviews and preliminary investigations to consider & highlight Compliance issues/ risks and make recommendations for enhancing compliance controls.

Procure tools & systems as required, for carrying out Compliance functions and specifically financial Security functions (including monitoring and data mining tools for review of transactions).

Required Background:

• Minimum Bachelor Degree in Business or Accounting.
• 6 -8 years’ experience in Risk & Control professions, i.e., Audit, Compliance etc.