Qualifications & Experience

• Master’s Degree in a related field is an added advantage
  
• Bachelor’s degree in business, law or related field
  
• 5 years’ experience working in the regulated sector with over 5 years at middle management and at least 2 years’ experience at supervisory level
  
• Relevant experience in a compliance related field is an added advantage
  

• Develop, implement and monitor the bank’s compliance framework and ensure that all bank operating procedures meet the compliance requirements as defined by the regulator and bank policies/procedures.
  
• Prepare and present bank-wide compliance report to EXCO indicating business enhancements/ recommendations.
  
• Monitor transactions for adherence to Anti-Money Laundering laws and report all non- compliant or suspicious transactions to EXCO and FIA.
  
• Champion the compliance program to guide overall institutional
  
• Conduct periodical compliance assessment
  
• Undertake regular account reviews on accounts of PEP (Politically Exposed Persons) and transaction checks on a monthly basis in line with AML Regulations 2015 and Anti – Money Laundering Act 2013. In this regard the Head of Compliance shall be the Anti- Money Laundering Control Officer(AMLCO) of the Bank.
  
• As the AMLCO be the contact point for internal and external authorities, including supervisory authorities or the Financial Intelligence Authority, concerning Anti-Money Laundering issues.
  
• Liaise with regulatory bodies and other financial institutions regarding the relationship we hold with them.
  
• Coordinate and communicate updates of the bank’s policies and procedures to reflect changes in the regulatory requirements and bank standards.
  
• Review of the draft updated policies to ensure they reflect changes in the regulatory