Head of Compliance

A reputable organization seeks a dedicated individual for this role. Job Purpose Statement The Head of Compliance will be responsible for ensuring effective compliance function is in place and ensuring that the Board Approved compliance framework is aligned with the applicable regulatory laws and regulations. The function will also ensure that the compliance framework is being implemented in all areas to protect the bank from regulatory fines, financial loss, reputation damage, and legal ramifications resulting from non-compliance. Key Responsibilities: Financial

• Ensure appropriate controls are in place to prevent and detect instances of conflicts of interest or patterns of illegal, unethical, or improper conduct by employees.

• Ensure that irregularities and non-compliance issues or breaches of applicable compliance policies and standards are properly investigated, escalated to relevant senior management and the Board Committee with follow-up on correction actions.

• Provide compliance, governance advisory, and support to the bank’s management, business, and control units in order to adhere to the bank’s standards and regulatory requirements.

• Ascertain a compliance assessment on new products, services, and delivery channels being established prior to launch in collaboration with relevant stakeholders.

• Collaborate with internal audit to ensure that any compliance related audit findings are adequately mitigated through a well-defined action plan.

• Assuring that all regulatory requirements, inquiries, and periodic returns are adequately addressed and met on schedule.

• Reports on compliance performance and identified risks to the appropriate senior management and board committee on a regular basis.

Customer

• Ensure appropriate whistleblowing channels, and a framework is in place to encourage employees and other stakeholders to report any noncompliance without fear and protect the whistleblower from any retribution.

Internal Business Process

• Ensuring that the Governance, Compliance, and Control Frameworks of the

• Bank are dynamic and operating effectively.

• Ensure that the compliance program remains up to date with related regulatory requirements as stipulated by the CBK, including AML/KYC and statutory compliance.

• Liaise with external auditors, consultants, and regulatory authorities to make sure that inspection findings have been appropriately rectified.

Functional Responsibilities

• Promote a culture of high ethical standards, commitment to compliance controls within the bank.

Job Specification Academic

• Minimum of a bachelor’s degree in accounting, Banking & Finance or related discipline (with an MBA, MSC or its equivalent)

Professional Qualifications & Experie...