PURPOSE:
The Job holder is responsible for the day-to-day management of the Risk and Compliance function within I&M Capital Limited. The Job holder will support the CEO – I&M Capital to maintain a robust Enterprise Risk and Compliance management framework within the company. In addition, the Job holder will also act as the Money Laundering and Reporting Officer (MLRO) for I&M Capital Limited.
KEY RESPONSIBILITIES:
Governance
Developing and regularly reviewing policies and procedures.
Maintaining the policy & procedure catalog while tracking policy and procedure reviews as per the approved review periods.
Ensuring that new or revised policies & procedures are cascaded to all staff as appropriate.
Promoting a risk aware and compliance culture within the Company
Preparing and presenting regular reports to the management and board risk committee meetings
Act as liaison with key control functions such as Group Risk & Compliance and Group Internal Audit
Risk Management
Implementing the Enterprise risk management framework within the Company in line with regulatory requirements, Group minimum standards and best practices
Implementing the Risk & Control Self-Assessment (RCSA) framework and ensure maintenance of an updated risk register that reflects the Company’s current risk environment.
Conducting risk assessments for new products, partnerships, systems and processes and ensure controls and risk mitigation plans are implemented as appropriate.
Implementing the Key Risk Indicators (KRIs) framework and ensure maintenance of the company’s KRI library.
Conducting control tests as per control testing guidelines.
Regularly reviewing procedures/processes to identify areas of potential improvement or weakness in risk management controls.
Coordination of incident reporting, follow up on root cause analysis and implementation of remediation actions.
Maintaining loss database and co-ordinating loss data collection and reporting.
Implementing the business continuity framework and support in the operationalization of response required during a business continuity activation.
Tracking risk mitigation and remediation activities for both current and emerging risks
Tracking implementation of actions arising from internal and external audits and regulatory reviews
Compliance Management
Ensuring that the Company complies with the requirements of CMA Act & regulations, Anti-money laundering legislation and Group Minimum standards.
Implementing Compliance policies and frameworks
Monitoring on adherence to compliance obligations and ensure compliance risks are identified, managed and reported.
Acting as the Money Laundering and Reporting Officer for the company
Act as the primary contact and liaison with the CMA and Financial reporting center (FRC) and respond to all queries from the authorities.
Regulatory reporting of returns to the CMA & FRC.
Ensuring compliance to Know your customer (KYC) standards, conducting of screening and risk rating of clients prior to on-boarding in line with CMA & AML regulations and related company policies.
Conducting annual AML risk assessments in line with CMA and FRC requirements.
Developing and implementing a monitoring system to ensure that all suspicious transactions are investigated, documented, reported and passed on to the FRC if necessary.
Conducting enhanced due diligence on high-risk clients and third parties
Conducting due diligence on accounts suspected to be exposing the Company to AML/CFT risks and recommending necessary actions.
Performing ongoing monitoring of high-risk clients for the purposes of identifying any emerging AML suspicious activities and behavior.
Reviewing of accounts opened to ensure adequacy of account opening documents.
Ensuring adequate maintenance of records as per AML/CFT requirements
Act as an AML subject matter expert within the Company and provide appropriate guidance and support to employees on AML related matters.
Implementation of the data protection framework within the Company, participating in data impact assessments and co-ordinating the implementation of mitigation actions
BASIC QUALIFICATIONS:
Bachelor’s degree in economics or finance or business or securities related field.
Certification in CPA (K), CIA, CSIA, FRM, GARP, PRMIA or CFA; Chartered Institute for Securities and Investment (CISI)
Minimum Five (5) years’ experience in the Capital Markets sector, two (2) of which should be in Risk Management
Demonstrated achievements directly attributable to the candidate.
SKILLS AND ATTRIBUTES:
Exceptional analytical and quantitative background.
Excellent written and verbal communication skills.
High level of accuracy and attention to detail.
Excellent time management skills and ability to work under strict deadlines.
Initiative – must be a self-starter, able to work independently with drive and motivation.
Outstanding interpersonal skills and ability to work across functions and levels of seniority.
Good understanding of all aspects of Enterprise Risk Management
Ability to anticipate business risks and develop adequate mitigating risk management controls.
Good understanding of Capital Markets products and services.
Good working knowledge of Capital markets regulations and Anti-money laundering Act and regulations.
Apply via :
imbank.bamboohr.com
