Risk & Compliance Manager at Frank Management Consult Ltd

Our Client a well-established fully fledged & approved commercial Bank in East Africa is currently seeking to fill the role of a risk & compliance manager. The successful candidate will develop and implements strategies, policies, and procedures for minimizing loss and reducing risk from fraud and other illegal acts. S/He develops, execute continuously conduct audits and inspections to ensure a bank adheres to set internal and external law.

Roles & Responsibilities:

• Champion in Compliance Analysis responsible for smooth and effective onboarding of new clients.
• Assist with developing and implementing a risk-based compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance risks.
• Primary responsibility for maintaining and monitoring compliance with key compliance policies
• Ensure that compliance procedures, systems and controls are up-to-date and effective.
• Maintain the compliance manual, and all compliance procedure documentation.
• Training, including providing regular training to employees on compliance matters, including internal policies and procedures, the application of standards and guidelines, and relevant laws and regulatory requirements, promoting and enhancing a strong bank-wide compliance culture
• Implementation of the Risk and Compliance framework and Policies in the Bank
• Monitoring and tracking of Banks’ compliance to regulatory guidelines statutory requirements and internal processes and procedures.
• Identification and assessment of the compliance risks associated with the bank’s current and proposed future business activities, including new products, new business relationships and processes
• Regular reviewing of transactions to ensure that high risk transactions are identified and appropriately approved

Minimum Requirements:

• Bachelor’s degree in Business, Banking, Accounting/Finance, Economics
• CPA/ ACCA with recognized professional designations in audit (CIA or CISA) as an added advantage.
• 5 years’ experience in risk and compliance management in the financial services industry.
• Solid understanding of risk and control concepts.
• Comprehensive and current knowledge of legislation applicable to Microfinance institutions including the CBK