Equity Bank Jobs in Kenya – Head of Compliance Vacancies
Role purpose:
To contribute to the purpose of transforming lives, giving dignity and expanding opportunities for wealth creation, this role is responsible for keeping the Bank’s activities within the Equity guidelines, Kenya regulations and ethical expectations. The role covers various duties including monitoring business operations and reporting infractions, reviewing company policies for possible risks and liabilities and researching legal requirements for new initiatives.
Key Responsibilities
Primary responsibilities include but are not limited to:
Defining the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization.
Developing the annual compliance work plan that reflects the organization’s unique characteristics.
Overseeing and monitoring the implementation of the compliance program.
Providing strategic direction to the management team on compliance.
Preparing and presenting clear and concise compliance reports to the Board.
Interacting with regulators on compliance issues.
Coordinating efforts related to audits and reviews.
Developing policies and programs that encourage managers and employees to report suspected fraud and other improprieties, without fear of retaliation.
Coordinating internal compliance review and monitoring activities, including periodic reviews of departments.
Independently investigating and acting on matters related to compliance.
Liaise with other departmental heads to ensure that all business operations are in line with business policies.
Advise the top management on business operations relating to investment, risks and any other policy development.
Keeping abreast of economic and financial changes across the country, region and world that may affect the business and clients we maintain,
Developing and maintaining relationships with key stakeholders in the Bank, the Client base – new and potential
Analyze internal business systems to ensure compliance with industry regulations and ethical standards.
Create, modify, update and implement the company’s policies.
Develop Compliance adherence management strategies.
Design control systems to address cases of violation of internal business policies.
Design ongoing training programs for employees of the business and ensure their implementation, monitor their effectiveness
Key competencies for the role
Credibility as a subject matter expert and experience of dealing with issues that have a high impact at all levels of the organization
Experience of working with key country level regulators and industry associations
Knowledge of local regulatory requirements and obligations and the ability to identify emerging compliance issues and themes
An ability to influence senior business leaders on all compliance risk-related matters affecting the business. The individual should have the ability to independently challenge, when needed, while at the same time being supportive and solution-based and not being perceived as obstructive
An ability to be “hands on” and “in the trenches” with the direct team, while also bringing a sense of strategic vision and a global sensibility to the function
Ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders’ needs are met
Strong team leadership, communication, interpersonal and management skills, with a track record of leading through change and the ability to effectively communicate the strategic vision to various stakeholder groups
Effective negotiation skills, a proactive and “no surprises” approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management and influencing skills are essential
The ability to thrive and execute in a complex environment
Qualifications and Experience
Graduate degree and/or Banking qualifications ACIB / AKIB. Master’s degree will be an added advantage
CPA /ACCA qualifications required
Strong technical knowledge of compliance regulations and requirements; professional training /qualifications in Compliance /Risk areas will be an added advantage
10 years banking working experience with at least 7 years at team lead level in Compliance and/ or Risk roles
Proficiency in use of financial services business systems
Cross border work experience is an added advantage
How to Apply
For more information and job application details, see; Equity Bank Jobs in Kenya – Head of Compliance Vacancies
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