Summary
Date Posted: Tuesday, April 02 2024, Base Salary: Not Disclosed

JOB DETAILS:
Compliance Manager Job Vacancy at KCB Bank Tanzania.
• A compliance manager plays a crucial role to ensure the bank adheres to relevant laws, regulations and internal policies. The resource support Head of Risk in the management of Compliance, Ethics and Financial Crime processes and methodology throughout the KCBT business units, as well as the implementation, alignment and embedding of the KCB Group compliance, Ethics and financial crime processes and methodology in KCBT. Ensuring that the KCBT Compliance, Ethics and Financial crime function delivers the compliance and financial crime deliverables required

KEY RESPONSIBILITIES
• Regulatory compliance
• Develop and implement policies and procedures to ensure compliance with applicable regulations
• Stay informed about relevant laws, regulations and guidelines that affect the banking industry, including interpret and communicate regulatory requirements to stakeholders
• Gap analysis for new regulations, creating awareness and track implementation
• Ensure the monthly and quarterly compliance regulatory reporting have been done as per guiding laws, guidelines and regulations.
• Respond to inquiries and requested from regulatory authorities.
• Compliance management and monitoring activities
• Working with stakeholders to close the identified gaps on compliance matters
• Provide technical expertise reports to relevant stakeholders as and when requested, e.g. reviewing of new product proposals for compliance against regulatory requirements, work with stakeholder to identify potential compliance risks and vulnerabilities
• Work with appropriate teams to identify and interpret laws, rules or regulations that apply to the bank’s business activities and monitor compliance with them
• Conduct compliance risk management program (CRMP) for the bank to ensure compliance including conducting risk assessment to identify potential compliance risks and vulnerabilities
• Coordinate and consistently track/ follow up all issues raised and/or those which arise during reviews carried by internal/ external auditors, group auditors and regulators until fully resolved;
• Ensure Banks BCM plan is updated, tested and communicated to relevant stakeholders
• Advisory role
• Advise the stakeholders on compliance related matters
• Provide insights on potential impact on new and amended products and services on the bank’s compliance posture
• Continuously improve the bank’s compliance program based on lessons learned and emerging trends.
• AML and CFT monitoring activities
• Conduct annual Enhanced Due Diligence with correspondence banks
• Act as a coordinator between other units and the bank’s Money Laundering Reporting Officer (MLRO), conduct various relevant trainings and coordinate preliminary review/ monitoring of all Suspicious Transactions Reports;
• Coordinate the distribution and collection of information necessary to meet certain certification and reporting requirements, including counterparty information;
• Identify and escalate the need for new or amended compliance, Code of Conduct and financial crime (AML& KYC, Sanctions and Bribery) policies and procedures
• Develop and continuously improve the KCBT compliance and financial crime processes for the identification, management, monitoring and reporting of compliance and financial crime risks and issues
• Training and Awareness
• Establish, maintain and manage the bank’s compliance database and use this information to provide timely /appropriate awareness training/coaching to staff reports;
• Ensure an effective system exists for communicating the compliance risk program standards and guidelines to all staff and appropriate agents;
• Conduct training sessions for bank’s employees to enhance the understanding of compliance requirements
Daily Responsibilities
• Perform the compliance risk assessment and work with business team to close the gaps identified
• Provide ongoing coaching to business units and address any compliance queries may arise
• Monitor Compliance KRI, suspicious transactions, regulatory commitment and tracker
• Conduct Compliance, Code of Conduct and Financial Crime workshops and trainings
• Follow-up action are undertaken by management to remedy compliance findings, ensuring that action taken is sufficient, timely and that controls introduced are operating as intended to mitigate the risk
• Sustainable engagement with various stakeholders more emphasis on Risk Champions
• Maintain and Update daily regulatory engagement with various stakeholders

MINIMUM POSITION QUALIFICATION REQUIREMENTS
• Bachelor’s degree Business Administration/Accounting Mana / Law/Banking
Experience
• Minimum number of 6 years in the of banking experience in Compliance, Risk management, Governance, Audit, or any other related fields.
• Demonstrate the capability to work and manage team

Technical skills/Competence
• Good understanding and appreciation of compliance risk management practices.
• Good understanding of current and anticipated regulatory requirements and supervisory expectations.
• Strong analytical skills and confidence in interrogating data, processes, and engagement with stakeholders.
• Able to interpret and communicate clearly to the business the application of relevant rules and regulations
• Analytical and writing skills, planning and organizing
• Leadership and Interpersonal sensitivity

Work Hours: 8

Experience in Months: 72

Level of Education: Bachelor Degree

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