KEY ACCOUNTABILITIES
- Coordinates with the Compliance and Corporate Governance Head for the initiation of policies and programs to encourage staff members to abide by regulation.
- Verifies full abidance by local laws and CBE regulations in all internal policies and procedures within the Bank to eliminate the possibility of exposure to penalties.
- Extends the corporate governance and compliance knowledge to all staff members and educate them thereon to avoid any violations that may result in penalties or fines to the bank.
- Updates staff with laws and regulations and any amendments thereto and update the dept. Website for easy reference.
- Monitors changes in laws, regulations and trends related to all rules and regulations governing compliance and corporate governance and update bank staff accordingly.
- Updates all changes and circulars to the Compliance Regulatory / Law Library website and advise all staff / concerned departments / business units within the bank of new policies, procedures and regulations on Portal accessible to all staff members, by constant update of new regulations or procedures received from CBE / local regulators.
- Accountabilities Statements:
- Supports business units in researching regulatory inquiries related to compliance and corporate governance issues.
- Provides guidance for establishment of controls for mitigation of detected risks (ex. financial exposure, Reputation, Legal action, etc..).
- Assesses the Risk to reach a correct balance between implementing bank strategy and abiding by controls to help achieving same without giving away controls /breaches.
- Conducts independent internal investigations for compliance related issues and coordinate with related parties to ensure timely implementation of corrective action plans in response to detected deficiencies and complaints.
- Participates in preparation of periodical report on compliance and corporate governance activities including comments / requirements, Board of Directors resolution (if any) and present to the Corporate Governance Head for approval.
Qualifications:
Academic and professional qualifications
University/College Degree,
On the subject certification is an advantage
Competencies and Proficiency Levels
Basic Qualifications:
Thorough knowledge of Compliance techniques, Corporate Governance, local laws, regulatory requirements, international guidelines and best practices
Familiarity with bank's different activities, including as an example operational, financial, quality assurance and HR procedures and regulations is a must
Years of experience:
Officer: 2-4 years of experience
Senior Officer: 4-7 years of experience
