Manager, Compliance and Financial Crime Risk Job Vacancy at NCBA Bank

Job Title: Manager, Compliance and Financial Crime Risk

Reports to: Head, Compliance and Financial Crime Risk Regulatory Affairs
Department: Compliance and Regulatory Affairs
Division: Compliance and Regulatory Affairs

Job Purpose Statement
This role supports the Head, Compliance and Regulatory Affairs. The key responsibilities are to maintain the Compliance Policy and Program, highlight incidents of non-compliance to senior management and advice the business regarding regulatory and internal policy requirements including Anti Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Know Your Customer (KYC) requirements. As the Compliance & Financial Crime Manager, the primary professional focus is to support the MLRO in the implementation and assessment of effectiveness of internal systems and controls that the institution puts in place to help detect, monitor and report money laundering activities to the relevant authorities.

Key Accountabilities (Duties and Responsibilities)

Perspective: Customer & Internal Business Processes
Weighting: 60% (to add up to 100%)

• • Implementation of Bank’s compliance program and the Anti-Money Laundering program.
• • Develop and implement systems, mechanisms and procedures to ensure that Bank staff immediately report suspicious money laundering or terrorism financing activities.
• • Clearly define and articulate the compliance obligations for each functional area and department of the Bank with clear allocation of compliance responsibility.
• • Providing relevant, timely, accurate and value-adding reports to key stakeholders – Management and external customers e.g. regulators among others.
• • Strengthening compliance and AML/CFT risk identification and assessment.
• • Maintenance, review and updating of the Compliance and AML/CFT Policies and procedures.

Perspective: Financial/Business Growth
Weighting: 10%

• • To conduct an annual risk assessment relating to financial crime and incorporate conclusions into current policies and requirements.
• • Develop and ensure maintenance of a robust system that tracks compliance to establish legal, regulatory and policy parameters and prompt escalation of any exceptions or weaknesses.
• • To agree with management remediation plans for all incidence of non-compliance with policy/procedure and follow up implementation on a timely basis and escalating to the Board as necessary.
• • To make practical and acceptable recommendations where systems and procedures are in need of enhancement to counter the risk of financial crime.
• • Coordinating and maintaining regulator relationships to ensure ease of communication, information sourcing, and achievement of response timelines.
• • Maintenance of the correspondent and counterparty Bank Register with regard to AML/CFT & KYC requirements.
• • Respond to and liaise with correspondent banks on compliance queries and issues.
• • Ensure that compliance to policies, procedures, standards and practices are properly communicated and followed by responsible Bank staff.
• • Ensure preparation of monthly and quarterly compliance status reports for circulation to the Bank’s Board Committee and Management Committees.
• • Periodically conduct audits and reviews to ensure execution of compliance standards.
• • Deliver and facilitate training on compliance and financial risk matters.
• • Handle other duties as assigned to assist with the effective administration of the AML/CFT and KYC Policies.
• • Monitoring and maintaining Compliance related expenses within budget.
• • Assist the Head, Compliance and Regulatory Affairs in ensuring that budgeting for the department is done concisely and the budget is cost effective.

Perspective: Customer
Weighting: 20%

• • Drive customer satisfaction through adherence to set service Level Agreements and issuing timely feedback to stakeholders.

Perspective: Learning and Growth
Weighting: 10%

• • Identifying self-development and training needs and developing plans to satisfy areas identified for continuous improvement of skills.
• • Identifying training needs for direct reports and developing plans to satisfy areas identified for continual improvement of skills.
• • Coaching and mentoring direct report to derive efficient and optimal output while up-skilling them to grow their knowledge base.
• • Developing staff and personal motivation and presentation skills for effective communication and execution of duties.

Job Dimensions
Jobs that report to this position directly and indirectly:

• • Direct Reports: AML/CFT Compliance Officer

Stakeholder Management: Key stakeholders that the position holder will need to liaise/work with to be successful in this role.

• • Internal: Internal Audit and Risk, Branches, Head Office Units, and Heads of Departments, Group Risk and Compliance, Committees: Risk Management Committee, Executive Committee
• • External: Regulators, Lawyers, Correspondent Banks and Counterparties, External Auditors, Customers

Decision Making Authority/Mandates/Constraints: The decisions the position holder is empowered to make (Indicate if it is Operational, Managerial or Strategic). Please also highlight any budgetary control responsibility if applicable for the role.

• • Appropriateness and relevance of the policies, procedures and tools.
• • When to report suspicious transaction or activity to the Financial Intelligence Authority.

Work Cycle and Impact: Time horizon and nature of impact (Planning) (e.g. Less than 1 week, 2 weeks, 2 weeks – 1 month, 1 month – 3 months, 3-6 months, 6-12 months, above 1 year)

• • Contribution annually to the formulation of the annual compliance work plan and training schedule.
• • Contribution to the 5-year bank strategy, development and implementation.
• • As per the departmental Service Level Agreement.

Ideal Job Specifications

Academic Qualifications:

• • A Bachelor’s degree in a business-related field.

Professional Certifications:

• • Professional qualification in Anti Money Laundering, Financial Crime Risk and Corporate Governance practices from a recognized institution will be an added advantage.

Experience:

• • 5 years working experience in a banking environment or compliance management role with sound exposure to financial institution Regulatory and Compliance requirements.

Ideal Job Competencies

Technical Competencies:

• • Knowledge of Banking and Business Operations: Well-rounded knowledge of Banking, credit, operations, and processes. Effective in establishing appropriate goals and objectives and can ensure that they are delivered on time and within budget.
• • Compliance Standards and Legislations: Excellent knowledge of National and International Compliance Standards and other relevant Legislations and guidelines by Bank of Tanzania.
• • Compliance and Regulatory Framework: Understanding of the regulatory issues, reporting and operational requirement as provided by BOT, FIU, DPO, TRA, NSSF, and other authorities.
• • Conceptual and Analytical Skills: Ability to quickly grasp and understand systems and keen to detail.
• • Technology Skills: Proficiency in the use of standard software applications such as Word, Excel, Access, PowerPoint including excellent modelling skills in Excel.

Behavioural Competencies:

• • Results and Achievement Oriented: Strives to achieve results, enjoys measuring others, being measured, and being judged on performance standards and those of others (s)/he leads. Methodical and diligent with outstanding planning abilities.
• • Personal Ethics: Must be honest, fair, just but firm with self, and of high integrity.
• • Decisive and Independent: Ability to operate on own, consult and clarify where necessary and make informed decisions.
• • Negotiation Skills: Must be a good negotiator, particularly in changing behaviour and work practices.
• Communication and Interpersonal Skills: Well-developed oral and report/proposal writing skills, presentation skills and ability to work with and build motivated teams.

How to Apply:

This is Full-time Job, To submit your application, please follow the link provided below.

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