The Job
The Role-holder will be reporting to the Manager, Risk & Compliance and supporting in implementing, monitoring, and maintaining an effective enterprise risk management and compliance framework to ensure the Bank operates within regulatory requirements, internal policies, land laws and acceptable risk appetite.
Key Responsibilities
Risk Management
- Monitor and support the implementation of the Enterprise Risk Management Framework (ERMF).
- Support periodic risk assessments, risk register updates, and key risk indicator (KRI) monitoring.
- Support the conduct of risk assessments across departments and branches.
- Identify emerging risks and recommend preventive or corrective actions.
- Participate in risk assessments for new products, services, processes, and system changes.
- Monitor implementation of risk mitigation actions and follow up on outstanding risk issues.
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Compliance & Regulatory Oversight
- Assist in monitoring compliance with applicable laws, regulations, and guidelines e.g., CBK Prudential Guidelines, POCAMLA, POTA, Companies Act, Data Protection Act, etc.
- Support implementation and review of internal policies, procedures, and manuals.
- Track regulatory changes and assist in updating compliance frameworks accordingly.
- Assist in monitoring adherence to internal controls and corporate governance requirements.
AML/CFT/CPF Compliance
- Ensure Customer Due Diligence and KYC requirements are done as per regulatory requirements and best practices.
- Assist in Customer Risk Assessment, Enhanced Due Diligence (EDD), and ongoing customer monitoring.
- Monitor and review transactions and support identification and escalation of suspicious activities.
- Assist in preparation of AML/CFT reports, returns, and management dashboards.
Compliance and Policy Implementation
- Monitor compliance with Bank’s policies, procedures, and guidelines.
- Assist in the review and update of risk policies and procedures.
- Support internal and external audit exercises.
Risk & Compliance Reporting
- Prepare periodic risk and compliance reports for management and Board Committees.
- Maintain accurate risk registers, compliance trackers, and issue logs.
- Escalate emerging risks, breaches, and incidents promptly.
Qualifications And Experience Requirements
- A Bachelor’s degree in Finance, Accounting, Risk Management, Business Administration, or a related field.
- CPA 2/Intermediate is an added advantage
- Minimum 2–3 years of experience in risk management, internal controls, operations or audit preferably in a regulated financial institution (under banking or microfinance acts)
- Have good knowledge and a solid understanding of:
- o The requirements of risk and compliance monitoring
- o The Companies Act
- o The Microfinance Act
- o Prudential Guidelines
- o Internal policies and procedures
- o International financial reporting standards
- o Other internal and external regulations
- Strong analytical and reporting skills
- High level of integrity and ethical judgment.
- Ability to work independently and as part of a team.
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How to Apply