Senior Risk & Compliance Officer at Guaranty Trust Bank Plc (GTB)

The Role

Reporting to the Head, Risk and Compliance, the Senior Risk & Compliance Ocer assists in overseeing and implementing the Bank’s Risk Management & Compliance framework

Key Responsibilities

• Risk Management
  • Oversees the review and implementation of the existing risk management framework;
  • Manages risk profile mapping for new products, processes and procedures in compliance with Bank and regulatory policies;
  • Oversees, develops and implements risk awareness initiatives;
  • Conducts Bank wide risk control assessment as well as business impact analysis;
  • Oversees compilation of Regulator, Board, Group and Management reports, statistics, trend analysis on overdue recommendations and risk pro‑les;
  • Organises and monitors Bank wide training on Business Continuity Planning (BCP) and Risk Management;
  • Ensures implementation of audit recommendations;
  • Assists with and coordinates the development of tools to identify, assess, mitigate and monitor risk across the Bank;
  • Provides support in the implementation of the existing risk and compliance management framework and monitors risks regularly;
  • Maintenance and review of the Risk Register;
  • Regular transactional monitoring.
• Compliance
  • Fosters a culture of compliance in the Bank;
  • Assesses and monitors compliance with all department and Bank policies, procedures and regulations;
  • Develops and coordinates effective Anti-Money Laundering/combating Financing of Terrorism (AML/CFT) training program for all sta and ensures proper awareness is created on the provisions of the Proceeds of Crime and Anti-Money Laundering Act 2009 (POCAMLA) and other regulatory provisions/ guidelines;
  • Ensures proper sanctions and Politically Exposed Person (PEP) management by the Bank; Oversees adherence to Corporate Governance and Ethics for all charters in the Bank
  • Ensures proper reporting of violations or potential violations to relevant enforcement agencies as appropriate or required;
  • Organises and monitors Bank wide training on Know Your Customer (KYC);
  • Policies, Procedures and Processes review, tracking, updating, and custodianship;
  • Ensures that all mandatory reports are duly rendered by the Bank to regulatory bodies & carry out Annual Due Diligence on Corresponding Banking relationship

Qualifications & Experience

• A Bachelor’s degree in a business related field
• Relevant Professional training/certifications in Risk Management & Compliance
• Professional certification such as CPA, ACCA, CFA or CISA will be an added advantage
• Minimum four (4) years’ experience in Compliance and Risk Management gained from the financial services industry
• Familiarity with industry practices and professional standards
• Knowledge of legal requirements and controls e.g. Anti-Money Laundering

Competencies & Skills

• Critical thinker with in-depth analysis capabilities
• Proactive and solution oriented
• Knowledge of banking operations, products, processes and regulations
• Excellent judgement and fact-based decision making abilities
• Ability to maintain composure under high pressure situations and deliver results in a timely manner
• Excellent written and verbal communication
• Strong interpersonal skills
• Extremely thorough with high attention to detail