Risk and Compliance Officer

About the Role

The job holder will be responsible for ensuring that the Bank’s overall Risk & Compliance framework, specifically under internal processes and procedures, regulatory, statutory, KYC & AML guidelines, is acceptable and that there is full compliance within the bank. You will also carry out risk assessments and advise on areas of improvement.

Key Responsibilities

• 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 meetings as and when requested and advise on risk issues.
• Take part in the preparation of Risk and Compliance reports.
• Maintain detailed knowledge of current AML/CFT/CPF regulations and keep track of developments within the AML/CFT/CPF scope, sanctions, and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies, and developing trends.
• Maintain strong working relationships with internal and external stakeholders to ensure that compliance issues are regularly discussed and addressed.
• Act as the AMLRO Officer for the Bancassurance Intermediary.
• Monitor and track closure of management actions from compliance reviews, regulators, and external audit reports.
• Proactively identify gaps in assigned reviews, assessments, and projects, and follow up on the implementation of agreed mitigation controls.
• Perform any other duties as assigned in line with the organizational goals and objectives.

Qualifications and Technical Competencies

• University degree in a business-related field or its equivalent.
• At least 4 years’ experience in Risk & Compliance within Banking or a regulated financial services sector.
• Professional risk management qualifications are desirable.
• A Certified Anti-Money Laundering Specialist (CAMS) qualification will be an added advantage.
• Knowledge of money laundering techniques and regulations.
• Knowledge of regulatory compliance requirements and risk management principles.
• Demonstrable analytical skills.
• Good organization and planning skills.
• Good knowledge of Banking operations.
• Results-oriented, effective communicator, and a team player.
• Proficiency in computer applications.

How to Apply

Interested and qualified candidates should apply online by visiting the Sumac Microfinance Bank application link on the Greenhouse portal: Apply Here.