Spire Bank Head of Risk and Compliance Jobs in Kenya

Spire Bank Head of Risk and Compliance Jobs in Kenya


Reporting Line: Administratively to the MD and functionally to the Board Audit and Risk Committee of the Bank

  • Responsible for overseeing and implementing the Bank’s risk management and compliance framework of the Bank. Identify, Assess, Mitigate, Monitor and Report on industry dynamics that may /not impact the Bank’s performance and/or risk exposures.

    Responsibilities

  • Oversee review and implementation of the Bank’s existing risk management framework, and compliance with standard operating procedures by all staff of the bank.

  • Champion the integration of risk management into the strategy of the Bank.

  • Participate in all management committee meetings to provide perspectives on Risk and Compliance for all deliberations.

  • Manage risk profile mapping for new products, processes and procedures in compliance with company and regulatory policies.

  • Oversee and implement tracking of the following, and ensure that the recommendations have been implemented within agreed time frame provided in the inter-departmental service level agreements:

  • Audit recommendations

  • Incident reports

  • Compliance recommendations

  • Customer Complaints reports

  • Business Impact Analysis

  • Risk Control Self-Assessment reports

  • Oversee compilation of summary of Regulatory, Board, Group and Management reports, statistics, trend analysis on overdue recommendations and risk profiles monthly, quarterly and yearly.

  • Escalation of overdue recommendations to Executive management, and review reports for monitoring risk of the Bank as may be required

  • Organize and monitor bank wide training on Business Continuity Planning, Risk Management and Compliance, AML/KYC and CFT

  • Policies, Procedures and Processes review, tracking, updating, and custodianship.

  • Oversee, develop and implement Bank wide Risk Awareness Initiatives

  • Oversee implementation and tracking of Bank risk assessment programs as required by regulations and the board of directors.

  • Identifying and developing Key Performance Indicators (KPI’s), Key Risk Indicators (KRI’s), key controls and trend indicators as relating to bank wide regulatory and internal risk and compliance requirements.

  • Assist with and coordinate the development of tools to identify, assess, mitigate and monitor risk across the Bank.

  • Assume the role of the bank’s Money Laundering Reporting Officer;

  • Ensure that all mandatory reports are duly rendered by the Bank.

  • Ensuring a culture of compliance in the Bank

  • Assess and monitor compliance with all department and bank policies, procedures and regulations to include

  • Know Your Customer and Anti-Money Laundering Policies.

  • Liaise with external regulators and law enforcement agencies on the compliance responsibilities of the Bank and maintaining open, honest and transparent relationship with these stakeholders;

  • Provide periodic reports to the Board and senior management to keep them abreast of the compliance activities and regulatory developments

  • Ensure proper sanctions and PEP management by the Bank.

  • Receive reports of all suspicious activity on money laundering from all staff of the bank

  • Report forthwith to the Financial Reporting Centre, any transaction or activity that you have reason to believe is suspicious in the form and manner prescribed by regulators

  • Receive disclosures, from all staff, of and take action on all suspicious activity available to the bank so as not to delay the reporting of such disclosures

  • Apply internal risk management procedures on suspicious transactions once disclosures are received on the same

  • Monitor and ensure that all regulatory returns are duly rendered by the relevant units of the Bank

  • Review all new products to ensure compliance with the AML/CFT standards

  • Recruit, motivate and assess the performance of the staff within the Risk and Compliance unit of the bank.

  • The types/nature of problems/decisions that the jobholder must refer to his superior for appropriate action.

  • Tracking of recommendations raised by Internal Audit, Compliance, Risk and any other issues raised.

  • Feedback to Regulator, Group, Management, Departments, Units and Branches

  • Strategic change initiatives that have a major impact on the bank’s business / risk exposure

    Key Policy / Framework / Procedural Decisions

  • AML / KYC High risk decisions

  • High risk indicators

  • Software system changes

  • Major capital expenditure ventures

  • Major incidents that incur operational risk / losses

    Qualifications

  • Bachelor’s degree, preferably in Commerce, Finance, Law or related subjects.

  • 5 to 8 years’ experience in financial services, of which at least 4 years were in a managerial capacity within a risk and / or compliance function. Investment management experience is an advantage.

  • A sound understanding of Enterprise Risk and Compliance Management principles and philosophies.

  • Knowledge of the Kenya Financial Services Industry and regulatory frameworks.

  • Prior experience of designing and implementing risk and compliance management policies, procedures and processes.

  • Possess superior knowledge of credit, operational, market, compliance and legal risk management best practices.

  • Capacity for sound judgment and the ability to think strategically.

  • Strong prowess of articulation and presentation required both in the preparation of policies / strategies & presentation of the same to Senior Management.

  • Able to work with all levels of management and across all the departments.

  • Has a strong presence and can interact effectively with the Board, the executive and other arms of management.

  • Ability to analyse and interpret large volumes of data, An ability to understand and interpret financial information and principles

  • Demonstrating enthusiasm for complex risk and compliance analysis and creative problem solving.

  • Well-developed time management and organization skills including the ability to manage competing priorities in a high-pressure environment.

  • Excellent leadership skills and experience, with an ability to inspire loyalty and enthusiasm

    How to Apply

  • If you are up to the challenge & fit the required profile, please apply highlighting your qualification, experience and career aspirations match the requirement for this position.

  • Application should be sent latest 4th September 2020 clearly indicating the position you are applying for on the Subject to:

  • recruitment@spirebank.co.ke


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