JOB PURPOSE
To ensure that the Bank’s overall risk & compliance frameworks specifically under internal processes and procedures, regulatory, statutory, KYC & AML guidelines is acceptable and there is full compliance to the same within the bank. To carry out risk assessments and advice on areas of improvement.
KEY RESPONSIBILITIES AND ACCOUNTABILITIES
Prepare Annual Risk & Compliance Strategy for Board Audit & Risk committee (BARC) approval
Review and maintain the bank’s Enterprise Risk Management (ERM) Framework and ensuring that are risks are identified, evaluated, treated, and monitored on timely basis.
Establish and implement a Stress testing framework that covers the major risks facing the bank.
Develop, maintain, and update the corporate risk register for the bank and regularly review the bank’s risk appetite statement.
Conduct Risk assessments on all bank projects, units, products, and processes as per the risk management policies and procedures.
Conduct reviews on all bank activities, processes, and units to ensure compliance with internal policies and procedures, regulations, and all relevant laws.
Conduct daily transactions monitoring, compile, and report to relevant regulators on any over the limit and/or suspicious transactions.
Conduct internal Risk management, AML, and KYC trainings to promote compliance awareness and improve the risk culture in the bank.
Represent the risk and compliance function at various management and committee meetings as and when requested and advice on risk issues.
To be the bank’s designated Money Laundering Reporting Officer (MLRO)
Prepare Risk and Compliance reports and present to the BARC on Quarterly basis.
To perform any other duties as assigned in line with the organization goals and objectives.
Minimum Qualifications and Experience
University degree in a business-related field or its equivalent.
At least 5 years’ experience in Risk & Compliance within Banking or Financial Services Sector
Postgraduate or professional risk management qualification desirable.
A Certified Anti-Money Laundering Specialist qualification will be an added advantage.
Interested candidates who meet the criteria above are encouraged to send their application letters and detailed CVs to: Email: recruitment@caritas-mfb.co.ke Kindly indicate the position title on the subject line when applying. Closing date for application: 6th January 2023
Apply via :
recruitment@caritas-mfb.co.ke
