Assistant Manager – Risk & Compliance at Caritas MFB

JOB PURPOSE

To ensure that the Bank’s overall risk & compliance frameworks specifically under internal processes and procedures, regulatory, statutory, KYC & AML guidelines is acceptable and there is full compliance to the same within the bank. To carry out risk assessments and advice on areas of improvement.

KEY RESPONSIBILITIES AND ACCOUNTABILITIES

• Prepare Annual Risk & Compliance Strategy for BARC approval
• Review and maintain the bank’s Enterprise Risk Management (ERM) Framework and ensure that are risks are identified, evaluated, treated, and monitored on timely basis.
• Establish and implement a Stress testing framework that covers the major risks facing the bank.
• Develop, maintain, and update the corporate risk register for the bank and regularly review the bank’s risk appetite statement.
• Conduct Risk assessments on all bank projects, units, products, and processes as per the risk management policies and procedures.
• Conduct reviews on all bank activities, processes, and units to ensure compliance with internal policies and procedures, regulations, and all relevant laws.
• Conduct daily transactions monitoring, compile, and report to relevant regulators on any over the limit and/or suspicious transactions.
• Conduct internal Risk management, AML, and KYC trainings to promote compliance awareness and improve the risk culture in the bank.
• Represent the risk and compliance function at various management and committee meetings as and when requested and advice on risk issues.
• To be the bank’s designated Money Laundering Reporting Officer (MLRO)
• Prepare Risk and Compliance reports and present to the BARC on Quarterly basis.
• To perform any other duties as assigned in line with the organization goals and objectives.

Minimum Qualifications and Experience 

• University degree in a business related filed or its equivalent.
• At least 5 years’ experience in Risk & Compliance within Banking or Financial Services Sector
• Postgraduate or professional risk management qualification desirable.
• A Certified Anti-Money Laundering Specialist qualification will be an added advantage.