Website NMB Bank PLC
Close to You
Zonal Compliance Specialist Job Vacancy at NMB Bank PLC
Zonal Compliance Specialist (1 Position(s))
Job Location :
Lake Zone
Job Purpose:
Provide assurance in relation to compliance to all relevant policies and regulations. This includes delivery of end-to-end assurance work over compliance risks and controls in alignment with the bank’s Enterprise Risk Management Framework.
Main Responsibilities:
Undertaking compliance reviews and supporting the business through provision of relevant recommendations, implementation, corrective measures, and follow-up, and providing professional compliance advisory services (tactic and transactional day-to-day compliance advice and direction) and specific recommendations to manage compliance risks.
Support the review of the Bank’s operations for compliance with applicable laws and regulations in order to enhance adherence to compliance policies and regulatory environment.
Build and maintain an effective and constructive relationship with all stakeholders, adopting a cohesive approach to the execution of tasks with minimum conflict while ensuring the independence of the assurance unit.
Be a primary point of contact for compliance-related issues in your zone or branches and provide expert advice to support compliance with internal policies, procedures, guidelines, and regulatory requirements, including effective representation of the Compliance department in relevant strategic zonal engagements, and escalate matters to your line manager as needed.
Proactively identify key emerging compliance risks across the zones or branches and ensure effective communication of identified issues with stakeholders within the defined governance process.
Ensure delivery of assigned assurance activities as per the agreed annual plan, make recommendations and ensure follow-up on any identified deficiencies, and provide accurate and complete reports.
Support the delivery of compliance related training/awareness initiatives to the zones and branches to ensure that holders of all critical functions are competent and suitably skilled.
Lead by example and build the appropriate culture and values. Set an appropriate tone and expectations from the team and work in collaboration with risk and control partners.
Fully promote a culture of compliance across zones and branches through role-modeling, coaching, and engaging others. Additionally, embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is a norm.
Assist in the development and implementation of a risk-based compliance-monitoring program that optimizes cost efficiency, to ensure identification, assessment, monitoring, and timely reporting of all material compliance risks faced by branches as well as ensure compliance procedures, systems, and controls are up-to-date and effectively implemented across zones/or branches.
Track compliance mandatory training completion within your zones and ensure that all staff complete the training within the agreed SLAs per corporate communication.
Keep abreast of new laws and changes to laws and regulations affecting branches, in order to be up to date with current compliance requirements and support compliance management in performing a gap analysis and assessing the impact of new/amended regulatory requirements as applicable to branches.
Conducting Compliance risk assessments, testing, and summarizing findings in a concise format. Develop meaningful reports that add value to business and support management decision-making.
Keep Line Manager informed, on an ongoing basis, of non-compliance issues at branches and in your zone and the status of corrective actions. This includes preparation and submission of specified periodic and ad-hoc reports agreed with the Line Manager.
Knowledge and Skills:
A practical knowledge and understanding of risks, controls, risk management tools, and methodologies.
A good understanding of the main operational processes within the businesses and a good understanding of the procedures and control framework relating to those areas.
Good understanding of the applicable regulatory requirements to banks including Financial Crime Compliance risks within the bank.
Risk management technical skills (e.g. risk identification assessment, control design & monitoring)
Team working and stakeholders’ management skills
Excellent oral and written communication skills – ability to present information clearly and concisely.
Takes responsibility, ownership and accountability for own tasks and work output.
High level of Integrity, honesty and trustworthy.
Ability to juggle priorities and execute at speed individually and as part of a team.
Report writing skills and attentive to details.
Zonal Compliance Specialist Job Vacancy at NMB Bank PLC
Qualifications and Experience:
Bachelor’s Degree in banking/ law/ economics/ finance or other relevant fields of study.
Any additional relevant compliance related professional certifications will be an added advantage.
Banking experience of more than 4 years, preferably in Risk Management, Compliance, Control & Quality Assurance, and Audit.
Good experience on assurance / testing activities and effective risk management and be able to promote strong risk management culture.
NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.
NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
Job closing date : 17-Nov-2023