Manager Compliance Monitoring & Testing at NBC Bank Limited

National Bank of Commerce

Manager Compliance Monitoring & Testing
Manager Compliance Monitoring & Testing at NBC Bank Ltd May 2024
locations Head Office NBC
time type Full time
job requisition id R-15964648
NBC
is the oldest serving bank in Tanzania with over five decades of
experience. We offer a range of retail, business, corporate and
investment banking, wealth management products and services.

Job Summary
Plan, execute and manage monitoring and testing assignments in
accordance with the NBC Compliance Monitoring plan, M&T Review
Methodology and relevant policies, procedures and quality standards. He
is responsible for the quality of monitoring activities to ensure NBC
adherence to external and internal regulations and policies.
​
Job Description​
Key Accountabilities
Functional Management and Business Coordination (Weighting 80%)

• To plan, coordinate and finalize monitoring reviews in line with the M&T Review Methodology.
• To enable distribution of the Announcement Memo on completion of the planning phase.
• To
  conduct opening meetings physically or by means of teleconferences to
  communicate purpose, objectives &approach to line management on
  first day of each review.
• Develop testing strategies for key
  controls within the business in order to adequately mitigate the risks
  by confirming that the testing strategies address the control.
• Execute
  tests to assess the Design Effectiveness (DEA) and, Operational
  Effectiveness (OET) of the controls in place or Outcome Testing (OT) to
  ensure compliance with relevant regulatory and policy requirements, in
  line with Compliance M&T methodology and ensure working papers are
  of high quality.
• Engage with Head of Monitoring & Testing on
  an ongoing basis during the review assignments for necessary guidance
  or interventions.
• Ensure timely submission of the working papers
  to enable the Head of Monitoring and Testing timely review and
  provision of effective feedback on the testing work performed.
• Engage
  with stakeholders on progress of the monitoring activities so that they
  are aware of issues identified timely and are aware of the progress of
  the monitoring assignment.
• Raise findings as early as possible
  so that issues identified can be discussed with management to confirm
  the assessment and agree actions with stakeholders prior to completion
  of fieldwork and write concise, accurate reports so that stakeholders
  understand the testing scope of the assignment and the testing
  conclusions reached.
• Review management action plans to confirm that the identified risks will be mitigated.
• Ensure high quality, timely and consistent delivery of all Monitoring deliverables (e.g. working papers, reports etc.)
• Track and monitor findings on an ongoing basis and provide accurate and complete Management Information.
• Embrace
  Combined Assurance model through cooperation with Internal Audit,
  Operational Risk and other assurance providers to ensure that there is
  no duplication of efforts/works.
• Socialise and champion the
  Annual Monitoring Plan through Combined Assurance as well as communicate
  the results of Monitoring reviews and enforce remediation as necessary,
  enhancing the compliance culture.
• Give your proposals to the
  Head of Monitoring & Testing on innovative ways to improve the
  oversight provided to business so that efficiency and effective
  monitoring can be achieved.
• Keep up to date on
  regulatory-related issues across a range of topics by awareness of
  current regulatory changes, training sessions.
• Be aware of
  changes to business and their plans to ensure appropriate mapping of
  Monitoring activities through discussions with management and other
  assurance providers so that monitoring activities can be planned.
• Assist
  Head of Monitoring and Testing to own, build and manage relationship
  with key stakeholders (both internal and external to ensure that they
  are made- and remain-aware of the value-added by the Monitoring function
  and its activities.
• To maintain and embed a high level of
  professionalism in all interactions with business and colleagues in
  terms of verbal and written communication with minimum negative feedback
  received from business and by responding professionally and promptly to
  written communications with business stakeholders and Personal
  appearance by adhering to required corporate dress code, operating
  within acceptable/formal business norms during meetings.
• Follow
  up with business/action owners to ensure that agreed actions are
  effectively and timely remediated and no actions/issue goes overdue.
• Perform action and issue validations and communicate issue closure notifications timely and in line with the methodology.
• Embedment of audit bond systems/ORMS and any other systems during reviews and issue management.
• To display/adhere to NBC Values in all activities with no negative comments in this regard.
• Ensure satisfactory service delivery while executing all monitoring assignments.

Reporting (Weighting 20%)

• Ensure
  effective, accurate and robust reporting and MI is maintained for
  Monitoring & Testing to meet the needs and expectation of various
  stakeholders
• Keep Head of Monitoring & Testing &
  Colleagues informed on NBC’s policies and regulations during monitoring
  activities which may pose financial and reputational risk to the
  business.
• Periodic reports to the Head of Monitoring and Testing on the results of the Monitoring reviews.

Education and Experience Required

• Bachelor’s degree in a Commercial, Accountancy, Law, Audit or equivalent
• Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and the Internet

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Knowledge & Skills

• Good communication skills
• Ability to influence senior management
• Work with minimum supervision
• Engagements with senior staff
• Analytical and presentation skills
• Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and the Internet
• Strength of Character and Credibility
• Ability to challenge, independently and constructively, senior management, peers or other staff where appropriate
• Ability to influence senior management
• Ability to make a real contribution in a rapidly changing environment and thrive on change and the need to learn rapidly.
• Good coordination skills
• Adapting to change
• Writing and reporting
• Persuading and influencing
• Analytical and Presentation skills

Qualifications

• Bachelor`s
  Degrees and Advanced Diplomas – Business, Commerce and Management
  Studies, Compliance Advisory & Interpretation (Meets some of the
  requirements and would need further development), Compliance Experience,
  Digital familiarity (Meets some of the requirements and would need
  further development), Ethics and values (Meets all of the requirements),
  Openness to change (Meets some of the requirements and would need
  further development), Reasoning (Meets all of the requirements)

Deadline: 2024-05-30.