JOB DESCRIPTION
Implement a risk-based compliance monitoring framework, capable of identifying, assessing and reporting all material compliance risks.
Monitor and coordinate compliance activities of all departments within the Bank and ensure their procedures, internal systems and controls are up-to-date and properly documented.
Maintain an updated understanding of relevant regulatory requirements by providing advice and guidance on various current and emerging laws & regulatory requirements that impact on the banking business.
Keep the business informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on the Banking processes.
On an ongoing basis, identify potential areas of compliance vulnerability and risk, and develop/implement corrective action plans for resolution of problematic issues, and provide general guidance on dealing with similar situations in the future.
Respond to alleged violation of rules, regulations, policies and procedures by evaluating and recommending the initiation of appropriate investigative procedures.
Collaborate with other departments to direct compliance issues to appropriate existing channels for further investigation and resolution, and consult with the legal department as needed to resolve legal compliance issues.
Monitor credit risk outstanding against set limits and counterparty.
Prepare monthly ALCO pack for inclusion in the ALCO process and ad-hoc data reports to regulators and other stakeholders as may be required.
Conduct stress testing processes and perform any analysis where required.
Daily monitoring of exceptional transactions across branch network for fraud/ AML surveillance.
Support the supervisor in review and analysis of key exposures, limits and their utilization in view of prevailing market conditions.
Investigate and report off market transactions.
Identify, assess and report on the reputational risks facing the Bank through laid down procedures.
Support in coordination and implementation of good ethical behavior in the way the Bank conducts its businesses and ensure adherence to best business practices
KEY COMPETENCIES, SKILLS, QUALIFICATIONS AND EXPERIENCE
At least 3 years in a credit role in a Bank
Minimum bachelor’s degree in Business or Accounting or any other related course from a recognized university
Basic knowledge in Compliance laws, rules, regulations, risks and typologies
Excellent written, verbal and analytical skills
Must be a self-starter, flexible, innovative and adaptive
Highly motivated, strong attention to detail, team oriented, organized
Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.
Basic awareness of regulatory requirements including local and international laws, regulations
Interested candidates are requested to send their cover letter and CV to hr@rafiki.co.ke quoting the position applied for on the e-mail subject on or before 24th July 2023 at 5:00pm.
Apply via :
hr@rafiki.co.ke
