Summary
Date Posted: Thursday, February 27 2025, Base Salary: Not Disclosed

JOB DETAILS:
We are currently seeking qualified candidate to fill the role of Director, Risk & Compliance. The successful candidate will be responsible for ensuring that the bank is in compliance with the Banks and Financial Institutions Regulations; Bank and Financial Institutions Act and minimizing operational and financial risks.

Responsibilities:
• Developing, reviewing and overseeing implementation of the bank’s risk management framework including but not limited to policies, procedures, guidelines and manuals
• Monitoring market, economic and financial trends and advising management on how to minimize impact and/or risk exposure
• Designing a mechanism to identify, receive alerts, monitor risks and develop mitigation plans aligned with the bank’s risk strategy
• Enhancing internal controls based on changes in the strategy, organisation structure, risk mapping, operational procedures, regulations and guidelines
• Reviewing risk management reports to ensure that limit excesses, exception and non-compliances are promptly addressed
• Coordinating development and review of policies and manuals periodically to ensure they adequately are compliant with prevailing regulations and address the bank’s exposure to the risks
• Periodically reviewing and report on the bank’s level of compliance at department/staff level and reporting the same to the Managing Director
• Enforcing and monitoring compliance with internal and external operating procedures, processes, guidelines and manuals
• Overseeing investigating of fraud/misconduct, recommending appropriate actions, and overseeing execution of remedial actions
• Analysing risks associated with new products, processes and systems to determine the bank’s ability to manage those risks before rollout and provide guidance how to minimize exposure
• Convening monthly management meetings and produce period reports to the board on quarterly basis
• Serving as the Report Officer to the Financial Intelligence Unit
• Delivering risk awareness and protection education to staff and customers

Qualifications and Experience
• Bachelors’ degree from a recognized institution
• 5 years of senior managerial experience in risk management and compliance in a financial institution
• In-depth knowledge of banking industry, related policies, procedures and regulatory requirements
• Strong presentation and reporting
• Proven experience in effectively engaging varied types of stakeholders

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

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