CRDB Bank PLC is looking for suitable person to fill a vacant position of Regulatory
Assurance Management – Officer in the Department of Risk & Compliance at the Head Office,
in Dar es Salaam.
Job Purpose:
Undertake compliance reviews, and support business through provision of relevant
recommendations, implementation and corrective measures and follow-ups, and providing
compliance advisory services (strategic, tactic and transactional day-to-day compliance advice
and direction) and specific recommendations to adequately manage compliance risks related to
regulatory and conduct aspects.
Key Responsibilities:
- Assist with the compliance risk assessment, ensuring regulatory compliance risks are appropriately identified, assessed, and managed by engaging appropriate business units and determine a plan to address those risks.
- Execution of regulatory monitoring and testing strategies for the entire bank: enhance compliance monitoring of applicable rules and regulations, internal policies, procedures and guidelines to enable effective identification and mitigation of all compliance risk elements.
- Manage the bank’s Regulatory Obligation Matrix: ensuring is up to date and all regulatory requirements are fully captured and understood by businesses & support functions.
- Oversight of the regulatory reporting process to regulators, ensuring complete, accurate and timely reporting.
- Manage the bank’s Regulatory Liaison Tracker to ensure all requirements are attended consistent with deadlines.
- Ensure that all issues or comments from regulators are addressed and incorporated into policies, procedures, and training as necessary and shared across Lines of Businesses.
- Maintain records and reports of meetings and correspondences with regulators and ensure proper follow – up on open commitments as necessary.
- Review new products, projects, business initiatives and agreements, monitor and develop compliance profiles of new areas of activities.
- Ensure day-to-day monitoring and reporting of compliance risks.
- Ensure understanding of relevant regulatory requirements in order to provide advice and guidance to compliance team and internal stakeholders.
- Inform on an ongoing basis of any regulatory breaches and other regulatory issues/concerns.
- Identify and keep abreast of new laws and changes to laws and regulations, in order to be up to date with current compliance requirements.
- Assist the Regulatory Assurance Manager with compliance management and reporting.
- Timely compilation of reports from Zonal Risk and Compliance Analysts.
- Assist in the preparation of standard and ad-hoc information and data reports to regulators and other stakeholders as required.
- Attend professional education courses, seminars and conferences, identify and analyze new laws and changes to laws and regulations.
Attributes:
- Strong understanding of key regulatory requirements and implications to businesses.
- Good knowledge and understanding of applicable regulatory requirements and banking laws.
- Good performance management skills and effective risk management and be able to promote strong risk management culture.
- Good understanding of the Core Banking System, bank’s products, all bank policies, operational procedures and operating systems with knowledge of the controls and procedures on branch operations.
- Planning and organizing skills.
- Good understanding and appreciation of Compliance Risk Management principals and standards; regulatory requirements and best practices relevant to banking.
- Basic understanding of Enterprise Risk Management framework and compliance control environment.
- Good presentation skills with ability to prepare quality reports.
- Attentive to details, with intellectual and analytical skills.
Qualifications and Experience:
- Banking experience of at least 2 years preferably in Regulatory Compliance/ Audit/
- Risk management or Legal, with exposure in preparing analytical management reports and stakeholders engagement.
- University Degree/ Advanced Diploma in Finance/ Law/ Economics / Banking /Accounting or equivalent qualifications.
- Possession of the following qualifications will be an added advantage: CRCM, CPA, CAMS.
Remuneration:
CRDB BANK PLC offers competitive remuneration and benefits. Successful candidate will receive
attractive and competitive package commensurate with the demands of the position.
Mode of Application & Closing Date
Interested candidates who meet the above criteria should submit an Application Letter accompanied
with copies of academic transcripts, certificates and with a detailed up to date CV with two work related referees addressed to the Director of Human Resources to reach him not later than 27
th December 2019.
Director of Human Resources
CRDB Bank Plc
P.O.Box 268
DAR ES SALAAAM
Tel: 022-2117441/7
Email: [email protected]
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