Job Openings at a Commercial Bank - Workforce Group

Reporting Line: Managing Director

Job Brief

• Ensure and manage the bank's responsibility to comply with all Nigerian, global (and as applicable, European GDPR) regulatory, legislative and statutory AML/CFT requirements.

Key Responsibilities

• Minimise AML/CFT risks through effective monitoring and communication
• Implement appropriate AML, CFT, sanctions and financial crime prevention policies, procedures, systems and controls
• Ensure the bank’s AML/CFT standards reflect international best practices
• Inculcate a compliance culture within the Compliance Department through training
• Keep senior management informed on an ongoing basis of the quality of compliance risks, deficiencies, issues and the status of corrective actions relating to Compliance
• Provide Management with MIS on the Bank’s risk profile to enable informed decision making
• Promote, lead and manage the culture and practice of Compliance within regulatory requirements and ethical standards consistent with supporting the bank’s strategic direction and growth aspirations;
• Establish and maintain frameworks to ensure compliance with applicable banking regulations, internal policies, procedures and codes so as to protect the reputation of the bank with its regulators and balance the needs of other stakeholders
• Identify, mitigate, monitor and manage regulatory (including financial crime) risks in the bank
• Ensure the effectiveness of the bank’s management of Compliance and regulatory risk issues
• Ensure appropriate and effective risk-based monitoring is conducted bankwide
• Advise the business on all relevant regulatory and compliance matters.
• Develop and maintain a Rule Book encompassing all Compliance-related regulatory requirements spanning all business groups and products of the Group      
• Conduct periodic compliance reviews to ensure adherence to policies & procedures
• Inculcate a compliance culture within the bank through training and the dissemination of national and international findings
• Enhance the IT infrastructure supporting the AML monitoring and on-boarding processes by introducing automated transaction monitoring and filtering process
• Keep abreast with external developments in the AML/CFT Compliance arena and maintain
• Relationships with trade bodies, regulators and other groups that have input into the financial crime agenda
• Ensure suitable arrangements are in place for the internal and external reporting of suspicious activity
• Proactively identify emerging risks in the bank and develop controls for the benefit of all stakeholders using a risk-based approach
• Formulate and implement regulatory, compliance and risk management strategy
• Maintain a standard Compliance Policies and Procedural documents
• Ensuring reporting and submission deadlines are met through efficient management of the compliance timetable
• Coordinate Compliance reporting to the Board of Directors
• Build relationships with internal and external stakeholders/regulators

Qualifications & Experience

• A first Degree or its equivalent in any discipline
• Membership of the International Compliance Association will be an added advantage
• A minimum of 10 years post-qualification experience in Risk/Control functions financial services industry within the financial services industry.

Required Skills:

• Good understanding of KYC, CDD, FATCA and other related processes
• Sound compliance knowledge
• Analytical thinking
• Attention to details
• Banking Operations (domestic & international) experience
• Accounting skills
• Risk management skills
• Financial analysis skills
• Documentation skills
• Problem identification and solving skills
• Good written and oral communication skills
• Ability to communicate at both detailed and concise levels with all levels of management
• Good time management skills
• Good team management skills
• Demonstrated project management and leadership skills.

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Reporting Line: Managing Director

Job Brief

• Devising and establishing IT policies and systems to support technology operations and the implementation of strategies as guided by the organisational goals.

Key Responsibilities

• Develop and propose IT strategies related to the Bank’s IT compliance and direction
• Analyse and rework existing business processes that will reshape, drive and deliver the Bank's strategic objectives
• Oversee all technology operations (e.g. network security) and evaluate them according to established goals
• Devise and establish IT policies and systems to support the implementation of strategies set by top management/board
• Analyse the business requirements of all departments to determine their technology needs and proffer efficient solutions to address these needs
• Purchase efficient and cost effective technological equipment and software
• Periodically inspect the use of technological equipment and software to ensure functionality and efficiency
• Identify the need for upgrades, configurations or new systems and report same to management
• Identify and implement automation needs
• Enable the realisation of digital transformation Ensure internal capability to develop software/apps Coordinate IT managers and supervise computer scientists, technicians and other professionals to provide guidance
• Control IT-related budget and expenditure
• Assist in building relationships with vendors and creating cost-efficient contracts.       

Required Skills:

• Proficient in implementation and evaluation of IT systems and their specifications
• Excellent change management skills Sound understanding of computer systems (hardware/software), networks, etc.
• Good organisational, communication and leadership skills
• Understanding of IT governance strategies
• Understanding of current trends in FINTECH and digital banking       

Qualifications & Experience

• A first Degree in Computer Science, Engineering or any relevant field
• An M.Sc./MA with additional relevant IT certifications
• At least 10 years post qualification experience, with 5 years in senior management and not less than 5 in an IT role.

Internal Interfaces:

• All departments.

External Interfaces:

• FINTECHs
• Regulators
• International Standards Organisations.

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Reporting Line: Managing Director

Job Brief

• Creating, designing and implementing a risk function that supports the strategic goals of the Bank.

Key Responsibilities

• Set the vision and strategy for the enterprise risk function working in conjunction with all senior management staff across the Bank
• Create an integrated risk framework for the entire organisation
• Maintain a risk portfolio based on the identified applicable laws and regulations, fraud schemes, and AML considerations
• Maintain an inventory of internal controls and map them to key risk areas
• Track the progress of remediation of control weaknesses identified by Internal Audit, self-testing, stress testing or controls assessment
• Assist in the development and monitoring of key risk indicators (KRIs) that are mapped to various risks to determine elevations in risk and proactively implement risk mitigation measures
• Identify emerging risks that present new regulatory, fraud, or money laundering risks
• Coordinate the collection of risk information from source systems, departments, reporting and analysing the data to be applied to various key risk areas in the Bank
• Manage the publication, dissemination, and availability of compliance and financial crimes policies and procedures
• Partner effectively with third parties, regulatory bodies and others, as appropriate and serve as a role model for high personal and corporate ethical values and standards of integrity
• Manage the credit risk, liquidity risk, operational risk and information security risk strategies and policies
• Manage capital adequacy and liquidity adequacy compliance.

Qualifications

• A first Degree or equivalent in any discipline
• Recognised professional certification in risk management
• A minimum of 10 years post-qualification experience in risk management or a related area within the financial services industry, out of which at least 7 must have been in banking and 5 years at senior management level.

Required Skills:

• Strong knowledge of risks identification, assessment, and management frameworks
• Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes
• Knowledge of the risk and governance standards.

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Reporting Line: Managing Director

Job Brief

• Direct and oversee the company's banking operations functions relating but not limited to central operations, domestic and foreign operations, trade services operations and treasury operations.

Key Responsibilities

• Be responsible for the Bank’s Operations strategy
• Ensure compliance with regulatory requirements relating to Banking Operations
• Design, develop and keep updated the Banks' Operations Manual
• Ensure compliance with all operational guidelines, processes and procedures
• Be responsible for reviewing business processes to stay innovative in rendering excellent banking operations services to customers, to reduce operational costs and tighten controls
• Coordinate the execution of international trade and payment transactions in an efficient and cost- effective manner in line with the Bank’s overall strategy
• Provide efficient domestic banking services to customers
• Manage the staff and meet up with budget expectations of the Bank’s Operations division.

Qualifications & Experience

• A first Degree or equivalent in any discipline.
• Relevant professional qualifications such as ACIB
• A minimum of 10 years relevant experience with at least 5 years at senior management level      
• Experience in banking operations and customer service.

Required:

• Ability to translate regulatory requirements into operational plans and actions.
• Excellent knowledge of banking operations (domestic and international)
• Proficiency in financial analysis and interpretation skills
• Excellent negotiation skills
• Ability to develop a Banking Operations Manual and to see to its implementation.
• Knowledge of banking procedures and policies
• Detailed understanding of operational risk analysis.
• Knowledge of treasury operations, trade finance and digital banking
• Proficiency in the use of Microsoft Office tools.
• Digital orientation
• Problem solving skills
• Strategic thinking.