Compliance Officer – Monitoring & Testing -People’s Own Savings Bank 202 views

JOB DESCRIPTION

Applications are invited from suitably qualified and experienced persons to fill the following vacancy of Compliance Officer – Monitoring & Testing which has arisen within the People’s Own Savings Bank.

Reporting to the Chief Compliance Officer, the incumbent will be responsible for carrying out ongoing and ad-hoc monitoring and testing of bank wide compliance processes and procedures to identify potential gaps in adherence to applicable laws, regulations, regulatory guidance and established Bank policies and procedures.

DUTIES & RESPONSIBILITIES

• Develops the compliance annual monitoring and testing program.
• Advises on Compliance Key Risk Indicators and changes in supervisory approach and international best practice.
• Conducts compliance monitoring reviews of various processes. identifying compliance risk and testing controls ensuring that they adequately mitigate the risk.
• Identifies the root cause of violations and process weaknesses and develops recommendations for corrective action.
• Develops and reports findings to Senior Management regarding their business lines testing exceptions and associated issues.
• Performs targeted and/or more complex testing of processes to ensure regulatory compliance.
• Conducts regular reviews in a timely manner to ensure that recommended corrective action to the issues or gaps identified has been addressed.
• Participates and/or leads regular meetings with peers to build and maintain knowledge of current and emerging compliance risks.
• Maintains relationships with other co-assurance functions to ensure proactive detection of compliance breaches or deficiencies.

QUALIFICATIONS & EXPERIENCE

• A Business or Commerce related degree.
• A Certification in Compliance Management or Monitoring & Evaluation Or full IOBZ.
• 2 years’ experience in an internal control or assurance role in financial services industry.

REMUNERATION

• The position offers an attractive remuneration package commensurate with qualifications and experience.