Latest Jobs at Polaris Bank Limited

The role is responsible for overseeing compliance operations within a specific region by ensuring that the bank's activities in the region comply with relevant regulatory requirements and internal policies.

The role assists in implementing compliance strategies, and monitoring compliance activities, while
collaborating with Branch Managers and Internal Control Officers and branch officers to maintain a strong compliance culture and provide guidance on regulatory issues.

The role also acts as a point of contact with regulatory agencies and assists in audits examinations specific to the region.

Key Result Areas:

Compliance Advisory

• Anticipate and address complex regulatory issues, identify emerging risks, and propose effective solutions.
• Communicate complex compliance issues clearly and persuasively and engage stakeholders in risk-based decision making.
• Champion a culture of continuous learning and improvement, fostering innovation and creativity, and promoting knowledge sharing across the organization.

Regulatory Compliance

• Understand regulatory requirements applicable to the bank's operations.
• Demonstrate ability to comply with legal requirements and company policies and procedures.
• Possess the ability to identify and report potential compliance issues and risks.
• Participate in training and development programs related to legal compliance.

Risk Management Compliance

• Exhibit in-depth knowledge of the complex regulatory environment related to risk management and compliance in the banking industry.
• Evaluate the level of compliance with regulations related to risk management and compliance.
• Analyze risk management compliance issues.

Compliance Tools and Technologies

• Demonstrate proficiency in the use of compliance tools and technologies effectively.
• Identify and mitigate advanced compliance risks that arise when using these tools and technologies.
• Understand the underlying technology of these tools and how to integrate them into the overall compliance architecture.
• Design and implement compliance systems and processes that utilize complex technologies.
• Proactively identify ways to improve compliance tools and technologies.
• Train and mentor others in the use of compliance tools and technologies.
• Industry Best Practices
• Apply industry regulations and standards to specific situations.
• Identify and reports potential compliance issues to appropriate stakeholders.
• Analyze and evaluate compliance risks.
• Participate in compliance training and development opportunities.
• Compliance Reporting
• Independently review relevant data sources for accuracy and completeness.
• Identify potential reporting issues and escalate, as necessary.
• Accurately complete complex reports using established processes and templates.
• Demonstrate significant knowledge of relevant software and data systems used for reporting.

Stakeholder Engagement (Regulators)

• Independently review relevant data sources for accuracy and completeness.
• Identify potential issues on responses to request and escalate where necessary.
• Accurately complete reports/observations analysis using established processes and templates.

Requirements

• Bachelor’s Degree in Banking & Finance, Business Administration, Law or any related field.
• 7-10 years cognate experience
• Additional academic qualification is an advantage.
• Relevant Professional certification (CIBN, DCP, ACAMs, ACA, ACCA, ICAN etc) is an advantage.

go to method of application »

The role involves monitoring and analysing transactions and activities to detect and prevent financial crimes, such as money laundering and terrorism and proliferation financing by using
various tools and techniques to conduct ongoing monitoring and analysis of customer transactions, ensuring compliance with anti-money laundering (AML) ,counter-terrorism financing (CTF) and combating proliferation financing regulations.

The role involves reporting suspicious activities, conducting investigations, and working closely with other departments and regulatory authorities to mitigate risks and strengthen the
bank's compliance framework.

Core Functions and Responsibilities

• Monitor financial transactions and activities for compliance with regulations and internal policies
• Analyze data to identify potential compliance risks and financial crimes
• Conduct investigations and report findings to management and regulatory bodies
• Develop and implement compliance monitoring programs and procedures
• Collaborate with internal stakeholders to identify and mitigate compliance risks
• Stay up-to-date with changing regulations and industry standards
• Provide training and guidance to employees on compliance policies and procedures

Requirements

Key Performance Indicators

• Compliance Monitoring Coverage
• Investigation completion rate
• Risk Identification Rate
• Regulatory Reporting Accuracy
• Compliance Issue Resolution Rate
• Financial Crime Detection Rate
• Investigation Report Timeliness
• Monitoring System Effectiveness