Key Responsibilities & Accountabilities
Support Head of Compliance in the preparation, maintenance and updates to the necessary policies & procedures (board approved) in order to ensure its compatibility with laws, relevant ministerial orders, and CBK instructions
Review the monitoring and reporting of non-compliance with the bank’s laws, ministerial orders, CBK instructions carried out by the Sr. Officer / Officer.
Acts as reporting channel for all staff that has either knowledge or suspicion of possible money laundering activities in order to carry out the required procedures to discharge or confirm suspicions
Review and provide guidance to the Officers in investigation of suspicious transactions and regulatory reporting.
Review response to CBK queries prepared by Senior Officer / Officer for the final review of Head of Compliance.
Support Head of Compliance in ensuring, through coordination with HRD, that adequate training and education is provided to management and staff.
Recommend changes to the Head of Compliance with regard to the AML policy in line with evolving statutory and regulatory obligations and experience/advice from enforcement agencies in order to ensure compliance with these agencies.
Support the Head of Compliance in identifying recruitment needs, conducting interviews, evaluating staff performance and take the required action
Train and supervise other staff members, as applicable.