Senior Officer, Statutory & Regulatory Compliance

KEY RELATIONSHIPS:

Direct Reports to this Position

No direct reports to this role at the moment. However, there is an expectation that the holder should be a subject matter expert and be able to demonstrate confidence to lead teams of peers, communicate and engage with senior members of staff e.g. Managers in all departments/units when undertaking compliance reviews or when called upon to do so.

Customers of this Position

• Board Risk Committee (BARC)
  
• Executive Management Committee (EXCO)
  
• Operational Risk Committee (ORCO)
  
• All Branches and Departments
  

Knowledge; Skills and Experience required for this Role

• At least 5+ years’ experience in a banking environment working in a similar role and with sound exposure to the various statutory and regulatory requirements.
  
• Bachelors’ degree.
  

Competencies required for this Role

• Leading teams
  
• Working with people
  
• Creating and Innovating
  
• Delivering results and exceeding customer expectations
  
• Planning and Organizing
  
• Learning and Researching
  
• Writing and Reporting
  

Accountability

• Delegated Authority
  

KEY RELATIONSHIPS:

Direct Reports to this Position

No direct reports to this role at the moment. However, there is an expectation that the holder should be a subject matter expert and be able to demonstrate confidence to lead teams of peers, communicate and engage with senior members of staff e.g. Managers in all departments/units when undertaking compliance reviews or when called upon to do so.

Customers of this Position

• Board Risk Committee (BARC)
  
• Executive Management Committee (EXCO)
  
• Operational Risk Committee (ORCO)
  
• All Branches and Departments
  

Knowledge; Skills and Experience required for this Role

• At least 5+ years’ experience in a banking environment working in a similar role and with sound exposure to the various statutory and regulatory requirements.
  
• Bachelors’ degree.
  

Competencies required for this Role

• Leading teams
  
• Working with people
  
• Creating and Innovating
  
• Delivering results and exceeding customer expectations
  
• Planning and Organizing
  
• Learning and Researching
  
• Writing and Reporting
  

Accountability

• Delegated Authority
  

Oversight Compliance - 70%

• To research and keep abreast of any changes to laws and regulations and ensure the management and the Board are updated;
  
• To actively participate in industry forums and workshops so as to keep abreast with new developments, best practices and/or changes in the laws and regulations;
  
• To advice and ensure that any changes to the regulatory reporting requirements are noted and tracked for compliance.
  
• To maintain a register of all regulatory and statutory requirements that the Bank is obligated to adhere to and the respective internal owners;
  
• To prepare and implement a detailed work plan to regularly review and assess the status of compliance with all the relevant laws and regulations through on-site and off-site reviews of business units and departments.
  
• To regularly assess the status of compliance with all the relevant laws, regulations and policies identified in the Regulatory and Statutory Compliance register;
  
• To ensure the Bank’s policy and procedures in place are in tandem with the regulatory requirements.
  
• To participate in the review and or development of new or existing policies and procedures of the Bank as may be required.
  
• To liaise and collaborate with the Risk and Internal Audit departments to identify areas of non-compliance and ensure adequate follow up to have the issues closed.
  

Reporting - 15%

• To review all regulatory returns submitted to the Regulator & other statutory bodies to confirm that the Bank is compliant.
  
• To prepare regular reports providing updates on matters related to compliance with statutory and regulatory requirements;
  
• To assist in the preparation of papers for the Management and Board giving updates on the status of compliance with the relevant laws, regulations;
  
• To cooperate and facilitate the provision of ad-hoc reports and or information to the regulators as and when required.
  

Leadership & Stakeholder Management - 15%

• To review all regulatory returns submitted to the Regulator & other statutory bodies to confirm that the Bank is compliant.
  
• To prepare regular reports providing updates on matters related to compliance with statutory and regulatory requirements; 
  
• To assist in the preparation of papers for the Management and Board giving updates on the status of compliance with the relevant laws, regulations; 
  
• To cooperate and facilitate the provision of ad-hoc reports and or information to the regulators as and when required.