Senior Manager, Compliance at Akiba Commercial Bank Plc (ACB)

Jobs in Tanzania 2024: New Job Opportunities at Akiba Commercial Bank Plc (ACB) 2024

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Akiba Commercial Bank Plc (ACB) Jobs 2024

Senior Manager, Compliance
Senior Manager, Compliance at Akiba Commercial Bank June, 2024
We are hiring!
Senior Manager, Compliance
Reporting
to the Chief Risk Officer, the position is responsible to develop and
ensure implementation of the annual Compliance Risk Management Plan
cutting across Financial Crime Compliance Risks, Regulatory Risk
Monitoring and Transaction Monitoring. Responsible in providing
oversight and support to the bank’s Compliance Risk Infrastructure that
monitors Suspicious Activity, AML, and Sanctions violations. Planning,
Monitoring, Analyzing and Interpreting of various pieces of legislation
within ACB PIc and conducting periodic internal reviews or audits to
ensure the Bank is compliant with laws, rules and regulations.

THE ROLE

• Oversee
  Compliance monitoring and intervening on the bank’s compliance with
  internal policies, procedures, and guidelines and training of bank staff
  by performing regular and comprehensive compliance risk assessments and
  testing.
• Develop relevant Compliance policies, procedures, and
  processes to support management of financial crime compliance and
  reputational risks.
• Promote a culture within the Bank that
  emphasizes commitment to internal controls, regulatory compliance and
  high ethical standards.
• Create compliance risk matrix for all
  laws/by-laws/circulars and guidelines the bank is subjected to, for
  regulatory compliance and risk mitigation.
• Maintain awareness of
  and complete Risk & Control Self-Assessments (RCSAs) for all units,
  products/services: ensuring Compliance requirements have been properly
  mapped against respective Risk Registers.
• Review of compliance
  records through the review of audit reports of specific operating units
  on the issues of non-compliance and the implications thereof.
• Provides
  assistance and advice on compliance issues specific to the Business
  Unit (new businesses, products, and other initiatives such as projects).
• Oversees
  in conjunction with the Combined Assurance structure, the adherence to
  the Compliance Policies in order to identify further areas of
  improvement and detect significant compliance breaches and exposures.
• Assists the Business Unit with the resolution of compliance related audit issues and findings
• Establishes
  a line of communication to the Business Unit Management, in order to
  monitor relevant compliance aspects within the Business Unit.
• Prepare
  a quarterly compliance report for use by the Board Risk Committee that
  provides an overview of the risks faced by the Bank, together with the
  recommended actions, as appropriate.
• Liaise with relevant external bodies and regulators on compliance matters;
• Advise management on the applicable laws, regulation, rules and standards and inform them about any developments in these areas.
• Maintain robust proactive communication protocol and process withthe Regulators.
• Effective implementation of the Compliance Programme to assess compliance with risk management.
• Review of the timely implementation and corrective action of deficiencies identified.
• Ensure that the policies and procedures are reviewed on an annual basis.
• Ensure the bank has relevant policies, procedures, processes, and strong controls to support management of
• Financial
  Crime Compliance (FCC) Risks that includes Money Laundering, Terrorism
  Financing, Sanctions, and Anti-Bribery & Corruption Risks.
• Assist
  to define the bank’s AML & Sanctions Monitoring strategy and goals
  across the bank, providing direction and guidance on the program
• Ensure understanding of policies and governance processes, driving compliance as appropriate within the bank.
• Manages
  oversight and ongoing enhancement for Compliance training programs and
  ongoing enhancements to Regulatory Change and Regulatory Reporting
  Management processes.
• Responsible to ensure compliance to all local and international regulatory requirements.
• Oversees and supports Regulatory Compliance Examinations.
• Focus
  on aligning the bank’s business operating practices with changes in
  Global Financial Crime Standards and regulatory risk and ensure that the
  Bank’s Financial Crime Compliance Framework remains appropriate.
• Design
  and implement strategies to identify, assess, and mitigate Money
  laundering and Sanctions risks facing the bank: enhancing effectiveness
  and efficiency of monitoring while maintaining ability to address risks.
• Responsible
  for ensuring compliance to Code of Conduct, management of Conflict of
  Interests and responsible to ensure effective implementation of the
  bank’s Whistle Blowing program.
• Improve monitoring capabilities and enhance overall operational efficiencies within ACB.
• Ensure compliance with the Regulatory framework and Internal policies.
• Ensuring compliance with ACB policies and methodology, including adherence to customer service standards.
• Lead
  and drive the implementation plans to quantify regulatory impacts and
  implement actions to address, manage and mitigate impacts of regulatory
  changes on the bank.
• Ensure production of timely and effective
  AML, Sanctions, and Transaction Monitoring-related management
  information (“MI”) and other applicable information/reports to the Chief
  Risk Officer, Management Risk &
• Compliance Committee and to the Board.
• Provide
  leadership and support in the preparation of monthly, quarterly, and ad
  hoc AML & Sanctions risk assessment reports in line with
  Management, Board, and regulatory expectations.
• Ensure adequate management information systems are in place to facilitate communication and decision making.
• Ensure
  smooth functioning of day-to-day operations, and report to the Chief
  Risk Officer any exceptions, together with details of any action taken
  to resolve such exceptions.
• Supervision of staff to ensure that business targets of the segment are achieved.
• Lead
  and motivate the assigned team by displaying strong integrity and
  business ethics, so as to achieve the business strategy of the Bank.
• Proactive self-education on existing procedures and products.
• Identify
  in liaison with the Head Human Resources appropriate on the job
  training and development programmes and to act as internal resources for
  in-house trainings.
• Proactive self-education on existing procedures and products.
• Participate in “In-house “training programmes and workshops

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THE CANDIDATE

• Bachelor’s
  degree or equivalent preferably in Law, Economics, Finance, Risk
  Management or related discipline from a reputable university.
• ACAMS Certifications
• A
  minimum of 8 years of experience in the banking industry or regulatory
  environment; with at least 5 years in AML/CFT, OFAC/ Economic Sanctions,
  & Regulatory Compliance.
• Significant experience in
  Compliance Risk and Operations Management together with business
  management, from a frontline role in Commercial Banking.
• Experience of dealing with regulatory matters and confident interaction with Management, Board, and Regulators.
• Strong grasp and practical knowledge of key regulatory trends and requirements e.g. FATCA, ESG, GDPR, Data Governance.
• Strong understanding of Corporate Governance and the Regulatory Environment
• Strong analytical, problem solving and modelling skills.
• Ability to formulate business strategy and articulate it across all levels of the organization.
• A proactive, tenacious and results oriented leader with great initiative.
• Detailed knowledge and understanding of wider Bank issues and policies.

APPLICATION INSTRUCTIONS
If you meet the above requirements and ready for great challenges
Email Covering letter and Your Curriculum vitae to recruitment@acbtz.com
Go to our Homepage To Get Relevant Information.
Deadline: June 28, 2024.