AVP- Compliance Monitoring and Testing
AVP- Compliance Monitoring and Testing
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Job Description
JOB PURPOSE:
Compliance Assurance Unit
The unit is responsible for managing the Group Compliance Testing and Monitoring plan to provide assurance that the Group is operating in line with regulatory requirements and internal compliance policies and procedures. This entails planning development and implementation of a risk-based Group Compliance Testing and Monitoring plan working with business units to undertake reviews and issuing reports that provide assurance as well as highlighting deficiencies so that they can be corrected. This function is also responsible for maintaining a log of all compliance and regulatory related issues across the Group and to track and report them as well as validate the appropriate closure. The function also provides assistance in the development of compliance reports to support the to execute monitoring and testing on first and second line of defence activities related to Regulatory Compliance and Financial Crime in line with the approved Group Compliance Testing and Monitoring plan.
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
- Support in the development of the annual Compliance Testing and Monitoring plan testing schedules templates and associated working papers.
- Perform Compliance testing and monitoring reviews within the Group.
- Consult with relevant departments to ensure that the coverage scope and approach to delivering reviews are planned and targeted effectively.
- Execute the compliance testing and monitoring reviews (desk/thematic) in accordance with the Group Compliance Reviews procedure including control design assessment and operating effectiveness testing.
- Identify gaps in the controls processes and systems and agree remedial actions.
- Prepare the review reports and track business unit remediation activity.
- Prepare the periodic reports to the Head of Compliance Assurance on Compliance testing and monitoring results compliance issues and overdue/completed action plans.
- Maintain and prepare Compliance monitoring and testing and Issue Management related Management Information reports.
Generic:
- Support VP Compliance Testing and Issue Management in the Compliance issue maintenance tracking and reporting to Senior Management.
- Support Group Compliance Assurance on any ad hoc tasks as applicable.
Quality Assurance:
- Support VP Compliance Monitoring Plan in drafting and implementing Quality assurance procedure.
- Undertake Quality assurance reviews on Alert closure generated from the transaction monitoring payment and name screening systems.
- Recommended remedial action to ensure compliance with FCC policies and procedures.
- Identify gaps in the system/process and recommend improvement.
- Conduct relevant training on conducting quality assurance to new joiners and junior staff.
Generic:
- Support VP Compliance Monitoring Plan in drafting and design CMP.
- Support MAG team members on any ad hoc tasks as applicable.
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Qualifications :
Minimum Qualification
- Bachelors Degree or Higher in Management Banking or Finance preferably with certification in compliance corporate governance risk management or internal audit.
Minimum Experience
- At least 4-5 years of business experience preferably in Compliance and/or Audit in a reputed bank
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
