Risk & Compliance Officer at Caritas MFB

Job Purpose

To ensure that the Bank’s overall Risk & Compliance framework, specifically under internal processes and procedures, regulatory, statutory, KYC & AML guidelines, is acceptable and there is full compliance to the same within the bank. To also carry out risk assessments and advice on areas of improvement.

KEY RESPONSIBILITIES AND ACCOUNTABILITIES

• Participate in preparation of Annual Risk & Compliance Strategy for Board Audit & Risk committee (BARC) approval
• Review and maintain the bank’s Enterprise Risk Management (ERM) Framework and ensure that risks are identified, evaluated, treated, and monitored on a timely basis.
• Establish and implement a Stress testing framework that covers the major risks facing the bank.
• Participate in development, maintenance and updating the corporate risk register for the bank and regularly review the bank’s risk appetite statement.
• Conduct Risk assessments on all bank projects, units, products, and processes as per the risk management policies and procedures.
• Conduct reviews on all bank activities, processes, and units to ensure compliance with internal policies and procedures, regulations, and all relevant laws.
• Conduct daily transactions monitoring, compile, and report to relevant regulators on any over the limit and/or suspicious transactions.
• Conduct internal Risk management, AML, and KYC trainings to promote compliance awareness and improve the risk culture in the bank.
• Represent the risk and compliance function at various management and committee meetings as and when requested and advise on risk issues.
• Assist in preparation of Risk and Compliance reports and present to the BARC on Quarterly basis.
• To perform any other duties as assigned in line with the organizational goals and objectives

Minimum Qualifications and Experience

• University degree in a business-related field or its equivalent.
• At least 5 years’ experience in Risk & Compliance within Banking or Financial Services Sector
• Postgraduate or professional risk management qualifications are desirable.
• A Certified Anti-Money Laundering Specialist qualification will be an added advantage.