Manager, Compliance Risk Management at HF Group

Principle Accountabilities

• Champion, train and educate staff on compliance risk management and act as a contact point within the Bank for compliance queries from staff members.
• Establish and maintain the bank’s compliance requirements’ inventory.
• Conduct and assess the compliance risks associated with the Bank’s business activities and operations including new products and services.
• Monitor legislative and regulatory changes that affect the bank’s operations and advise business units and the Board accordingly.
• Review business units’ policies & procedures and ensure compliance requirements relating to respective business units are adequately addressed.
• Train compliance risk champions and monitor their effectiveness in championing compliance culture within their respective business units.
• Conduct regular risk-based on-site compliance review within banking operations including branches.
• Receive and analyze all monthly Compliance self-assessment by departments and other business units.
• Monitor compliance programs that have been put in place to ensure adequacy.
• Work with auditors and examiners during regulatory compliance examinations.
• Liaise with external/internal auditors and follow-up on closure of compliance risk related issues, as well as non-compliance with internal policies, legislations, rules and regulations.
• To maintain an updated register of all regulatory and statutory requirements that the Bank is obligated to adhere to and the respective internal owners.
• To prepare and implement a detailed work plan to regularly review and assess the status of compliance with all the relevant laws and regulations through on-site and off-site reviews of business units and departments.
• To organize and participate in the training and awareness programs for staff on the relevant regulatory and statutory requirements and obligations.
• Assist in the preparation of papers for the senior management and the board providing updates on the status of compliance with the relevant laws, regulations. 
• To cooperate and facilitate the provision of ad-hoc reports and or information to the regulators as and when required.
• Liaise with relevant external bodies, including Central Bank of Kenya, other relevant standard setters and external experts as appropriate on matters of mutual interest pertaining statutory compliance.
• Execute Money Laundering Reporting Officer’s (MLRO) responsibilities as stipulated under Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) including the following:
• Coordinate, monitor and review Anti-Money Laundering (AML), Countering Financing of Terrorism (CFT) and Countering Proliferation Financing (CPF) compliance program.
• Receive and vet suspicious activity reports from staff.
• File suspicious transaction reports with the Financial Reporting Centre (FRC).
• Coordinate training of staff in AML, CFT and CPF awareness including detection methods.
• In liaison with Head of Human Resources ensure all staff are screened.
• Plan, manage and undertake Compliance projects which may be assigned from time to time.
• Actively participate and represent the Bank in industry forums and workshops so as to keep abreast with new developments, best practices and/or changes in the laws and regulations.

Key Competencies and Skills

Technical Competencies

• Strong leadership and management skills.
• A sound understanding of regulatory framework. Grasp of CBK prudential/Risk guidelines, Basel Rules, Banking Act, POCAMLA, IFRS and other relevant statutes.
• Ability to prepare and submit accurate and timely regulatory reports.
• Ability to understand and document workflows and business processes.
• Strong analytical and monitoring skills.
• Good report writing and presentation skills.
• Ability to lean compliance teams and drive a compliance culture.
• Competency in drafting and updating compliance policies and procedures aligned with the regulatory changes.

General Competencies

• Leadership-Ability to lead a team and engage with Management.
• Strong written and verbal communication skills with stakeholders, regulators and internal teams.
• I.T. Skills (MS office).
• Ability to assess complex regulatory requirements and offer practical, risk-based solutions.
• Team player.
• High levels of professionalism and professional development.
• Honest with impeccable integrity (high ethical standards).
• Precision in interpreting regulations and reviewing compliance documents.
• Time Management and Organization.
• Interpersonal skills.
• Maintains accuracy and thoroughness in identifying compliance risks and control gaps.

Minimum Qualifications, Knowledge and Experience

Academic & Professional Qualifications

• Degree in Commerce, Law, Finance, Banking or a related field.
• Professional qualifications in the fields of Compliance, Finance, Financial Investments and Risk Management will be an added advantage.

Experience

• Minimum 6 years related working experience with at least 3 banking compliance roles.
• Strong understanding of banking regulatory landscape best practices.
• Familiarity with compliance management systems.