Vacancies at Mayfair CIB Bank Ltd

Role Description:

Reporting to the Corporate governance manager, the successful candidate will be responsible for maintaining a robust governance framework within the bank and monitoring adherence to governance-approved policies, ethical standards, and controls. He/She will also support the Corporate governance manager in ensuring that the bank complies with all applicable governance rules and regulations in order to avoid any adverse regulatory actions, reputational damage, or legal ramifications as a result of non-compliance.

Key Duties & Responsibilities:

• Remain up to date on governance regulatory laws and regulations and recommend amendments to policies and procedures accordingly.
• Review job descriptions versus department guides and make sure that department guides comply with both the approved job description and the organisation chart.
• Ensure that no duplication of responsibilities or duties exists between different departments and that proper segregation of duties is in place for all positions.
• Ensure that reporting lines in different departments are aligned with the department scope and are not conflicting with the department objectives.
• Conduct appropriate analysis and support in the pre-approval process for instances that result in or may result in a conflict-of-interest situation, such as staff outside business activities, staff relatives, gifts, etc., and ensure appropriate mitigation controls are in place as mandated by the conflicts of interest policy.
• Investigate all instances of misconduct, deviations from the applicable governance policies, and producers that have been detected or reported, and follow up on remedial action.
• Obtain facts and information that support the corporate governance manager and the Chief Compliance Officer in solving conflicts of interest when evident.
• Implement approved department policies, processes, and procedures and monitor adherence so that work is carried out in a controlled manner.
• Contribute to the preparation of governance periodic reports to the senior management, the board's relevant committees, and components of the bank's annual report.
• Provide training and advice to all employees on the applicable governance policies, ethical standards, and their roles and responsibilities.
• Perform other duties as assigned by the departmental head or his/her designate.

Key Competencies:

Demonstrated knowledge and experience with;

• A minimum of five (5) years’ experience in compliance in the banking sector with a good understanding of governance, risk management, and banking operations
• Knowledge of corporate governance regulations and applicable laws.
• Experience within the control areas will be of added value.
• Excellent interpersonal and communication skills
• Ability to manage conflict and deal with pressure in a positive manner.
• Ability to evaluate different, complex situations and make appropriate and timely decisions.
• Ability to draught policies, procedures, and report on findings.

Qualifications /Technical Skills Required:

• Minimum of bachelor’s degree in business, economics, or a related field
• Proficiency in Microsoft Office Suite.
• Dynamic, detail oriented and self-driven individual with the ability to work under pressure.
• Demonstrate high integrity and ethical standards.
• A Critical thinker with problem solving skills
• A team-oriented individual

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Role Description:

Reporting to the Chief Compliance Officer, the successful candidate will be responsible for maintaining a robust governance framework within the bank and monitoring adherence to governance-approved policies, ethical standards, and controls. He/She will support the Chief Compliance Officer in ensuring that the bank complies with all applicable governance rules and regulations in order to avoid any adverse regulatory actions, reputational damage, or legal ramifications as a result of non-compliance.

Key Duties & Responsibilities:

• Maintaining robust governance controls includes drafting and developing governance policies and procedures and ensuring that the corporate governance framework remains up to date with related regulatory requirements.
• Ensure that the bank’s bylaws, the charter of the Board and its sub-committees and terms of reference are regularly reviewed and comply with the regulatory governance requirements.
• Providing expert guidance and acting as the first point of contact in relation to corporate governance, conflicts of interest, and code of conduct risks and advising staff on their responsibilities and disclosure obligations.
• Ensure staff's adherence to governance approved policies, ethical standards, controls and disclosure obligations across the bank, investigate any violations or misconduct cases and recommend appropriate disciplinary action.
• Ensure appropriate segregation of duties within the bank’s organisational structure, so that no staff member, senior manager, or director is assigned with conflicted responsibilities.
• Ensuring that staff’s job descriptions and reporting lines in different departments align with the department scope and there are no conflicted interests, or duplication of responsibilities across the bank.
• Assist the compliance Chief Compliance Officer in disseminating ethics-based standards across the bank so that everyone is aware of the governance culture and associated risks are mitigated.
• Formalize and monitor a system to enable employees to report any noncompliance without fear of retribution, ensuring that the reporting system is adequately publicised and that allegations of noncompliance are investigated and responded to promptly.
• Assuring that the internal controls are capable of preventing and detecting instances of conflicts of interest or patterns of unlawful or unethical behaviour conducted by employees.
• Investigate any identified irregularities, non-compliance issues, or violations of applicable governance policies, standards, or conflicts of interest instances and propose appropriate disciplinary action to the Chief Compliance Officer, with follow-up on correction actions.
• Ensure that the department's day-to-day activities are carried out in accordance with set standards and procedures.
• Review and analyse obtained facts and information that supports the Chief Compliance Officer in solving conflict of interest situations when evident.
• Preparation of governance periodic reports for senior management, relevant board committees, and components of the bank's annual report.
• Develop an appropriate training program for all employees to enhance their awareness and ensure their understanding of the applied governance policies, ethical standards, and their roles and responsibilities.
• Perform all other duties as assigned by the line manager or his/her designate.

Key Competencies:

Demonstrated knowledge and experience with;

• A minimum of seven (7) years’ experience in compliance in the banking sector with a good understanding of governance, risk management, and banking operations
• Certifications, or equivalent experience, in governance, compliance, and risk management with a globally accredited institution are preferred.
• Experience with company secretarial roles, or within control areas, will be an added value.
• Previous working experience in corporate governance
• Knowledge of corporate governance regulations and applicable laws.
• Experience within the control areas will be of added value.
• Excellent interpersonal and communication skills
• Ability to manage conflict and deal with pressure in a positive manner.
• Ability to evaluate different, complex situations and make appropriate and timely decisions.
• Strong experience of report writing and dashboard presentations.
• Ability to draught policies, procedures, and report on findings.

Qualifications /Technical Skills Required:

• Minimum of bachelor’s degree in business, economics, or a related field
• Proficiency in Microsoft Office Suite.
• Observance of a code of governance, conduct, and ethical standards.
• Dynamic, detail oriented and self-driven individual with the ability to work under pressure.
• Unquestionable commitment to integrity and maintaining confidentiality.
• Ability to manage and collaborate with diverse teams and relationships.
• A Critical thinker with problem solving skills
• A team-oriented individual

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Role Description:

Reporting to the Chief Compliance Officer, the successful candidate will be responsible for monitoring Bank wide compliance with external laws, regulations as well as the internal policies and procedures. He/ She will support the Chief Compliance Officer in ensuring that the Bank complies with all applicable rules and regulations in order to avoid financial loss, reputational damage, and legal ramifications as a result of noncompliance.

Key Duties & Responsibilities:

• Regular review, ensuring that the compliance program remains up to date with related regulatory laws and regulations and that all identified gaps, remedial actions are appropriately communicated, implemented in due time.
• Ensure the bank staff's adherence to AML/CFT, CDD/KYC, sanctions, FATCA, ABC, and ethical standards across the bank, including escalating/reporting of suspicious transactions, and record-keeping.
• Overseeing follow-up and, as applicable, resolution of investigations and other issues generated by the compliance, sanctions, and transaction monitoring systems, including development of policies, standards, controls, system enhancements, and action plans, as needed.
• Ensure that irregularities and non-compliance issues or breaches of applicable compliance policies and standards are properly investigated, escalated to relevant senior management and the board committee, with follow up on correction actions.
• Preparation of a comprehensive compliance notice, risk assessment on new products, services, and delivery channels prior to launch in collaboration with relevant stakeholders and the risk and compliance heads.
• Coordination with relevant stakeholders to ensure that new products, services, delivery channels, customer segments, and transaction types are appropriately maintained and integrated into the AML transactions monitoring system. Recommend appropriate system parameter fine-tuning to ensure the system's effectiveness.
• Manage daily, periodic transactions monitoring, sanction screening, quality of alerts clearing disposition through MIS follow up, sample analysis, as well as customers’ on-boarding, KYC update, risk assessment, and suspicious activity reporting processes.
• Manage and ensure the sanction program is running effectively in accordance with applicable local and international standards. Appropriate watch lists are applied and recommended for new lists, as needed.
• Conduct a bank-wide financial crime, ABC risk assessment and prepare management reports with findings and recommendations.
• Collaborate with the HR department to ensure a work force with high ethical standards, including the establishment of minimum standards for conducting appropriate background and reference checks on potential employees.
• Prepare compliance reports for the bank's senior management and relevant BOD committees on a regular basis.
• Ensure that all regulatory parodic returns, enquiries, correspondent banking requirements, and questionnaires are adequately addressed, documented, and tracked through to completion in a timely manner.
• Ensure proper collaboration with the external and internal auditors on regulatory inspections and assist in the gathering of internal information in response to regulatory requests.
• ensuring appropriate follow-up on pending compliance audits and regulatory findings.
• Develop and coordinate appropriate compliance training and education programs for all employees; ensure and understand the company’s commitment to complying with all laws, regulations, company policies, and applicable ethical standards.
• Perform all other duties as assigned by the line manager or his/her designate.

Key Competencies:

Demonstrated knowledge and experience with;

• At least seven (7) years’ experience in compliance in the banking sector, with good understanding of banking operations, systems, and controls
• Extensive knowledge of banking regulations and applicable laws.
• Extensive knowledge of risk and compliance topics
• Excellent interpersonal and communication skills
• People management skills
• Excellent planning, organization and execution skills
• Ability to work within deadlines with proven time management skills
• Ability to draught policies, and procedures and report on findings
• Ability to adapt to a dynamic and fast-paced environment.

Qualifications /Technical Skills Required:

• Minimum of bachelor’s degree in economics, or a related field
• Financial Crime, Risk, and Compliance certifications will be an added advantage (e.g., CAMS, CGSS).
• Proficiency in Microsoft Office Suite.
• Dynamic, detail oriented and self-driven individual with the ability to work under pressure.
• Strong experience of report writing and dashboard presentations
• Demonstrate high integrity and ethical standards.
• A Critical thinker with problem solving skills
• A team Oriented individual