Regulatory Affairs & Compliance Monitoring Officer at Exim Bank

Regulatory Affairs & Compliance Monitoring Officer at Exim Bank

Regulatory Affairs & Compliance Monitoring Officer

Exim Bank 

Job Description

The purpose of this role is to provide regulatory compliance expertise and guidance in an advisory capacity to business stakeholders in support of strategic initiatives and management of compliance risk. Advising and risk stewardship to function business to ensure that appropriate compliance programs, policies, procedures, and other controls are in place and operating effectively and satisfy supervisory obligations and regulatory expectations.

Roles & Responsibilities

• Develop a comprehensive understanding of the business model, strategy, and product and services to provide substantive oversight, support, and challenge to enable sustainable business growth.
• Build and maintain an effective and constructive relationship with business and Support functions stakeholders that is based on trust, capability, and integrity, providing timely, responsive, and quality compliance related advice and guidance to enable the bank to meet its strategic objectives.
• Provide advice, analysis (and challenge when appropriate) to the business and functional department, including product design, new business initiatives, projects, remedial activities, and transactional advice.
• Provide timely advice to the business and Support functions to ensure compliance with all relevant laws, regulations, and internal policies (including those relating to AML and KYC/CDD) and support the transition to proactive and pre-emptive compliance risk mitigations.
• Review business responses and Support functions to regulatory feedback to ensure compliance issues raised in feedback are appropriately responded to and necessary corrective actions are initiated.
• Proactively look for ways to improve the business and Support functions control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
• Identify and assess sources of compliance risks in the bank and ensure that system and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels.
• Maintain adequate management MI / trackers across all aspects of compliance coverage and responsibility to ensure all issues and matters relating to the banking business are tracked, followed, regularly assessed, and reported on, including oversight of risk acceptance and /or mitigating action plans, identification, and management of high-risk clients.
• Provide reports to the relevant business risk and control committees and management teams on key compliance risks and issues pertaining to the bank business.
• Support the development and implementation of compliance programs with a focus on refining existing compliance programs and development of new programs in response to evolving regulatory, legal, and business requirements.
• Any other duties assigned from upper authority.Post job free

COMPETENCIES

• Good understanding and appreciation of compliance risk management practices.
• Good understanding of current and anticipated regulatory requirements and supervisory expectations.
• Strong analytical skills and confidence in interrogating data, processes, and interviewing stakeholders.

QUALIFICATION AND EXPERIENCE REQUIRED

• Bachelor’s degree from a reputable university preferably in Law, Economics, Finance, Risk Management, or related discipline.
• Any additional relevant compliance related professional certifications will be an added advantage.
• At least 5 years of banking experience in Compliance, Risk managemen

How to Apply:

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