SBM Bank Senior Officer, Statutory & Regulatory Compliance Jobs in Kenya
Job Summary:
To ensure that the Bank adheres to and is compliant with all the relevant laws and regulations e.g. Banking Act, Prudential Guidelines, Employment Act, etc. that govern the Bank’s business and other related activities.
Key Responsibilities:
Oversight Compliance
To research and keep abreast of any changes to laws and regulations and ensure the management and the Board are updated;
To actively participate in industry forums and workshops so as to keep abreast with new developments, best practices and/or changes in the laws and regulations;
To advice and ensure that any changes to the regulatory reporting requirements are noted and tracked for compliance.
To maintain a register of all regulatory and statutory requirements that the Bank is obligated to adhere to and the respective internal owners;
To prepare and implement a detailed work plan to regularly review and assess the status of compliance with all the relevant laws and regulations through on-site and off-site reviews of business units and departments.
To regularly assess the status of compliance with all the relevant laws, regulations and policies identified in the Regulatory and Statutory Compliance register;
To ensure the Bank’s policy and procedures in place are in tandem with the regulatory requirements.
To participate in the review and or development of new or existing policies and procedures of the Bank as may be required.
To liaise and collaborate with the Risk and Internal Audit departments to identify areas of non-compliance and ensure adequate follow up to have the issues closed.
Reporting
To review all regulatory returns submitted to the Regulator & other statutory bodies to confirm that the Bank is compliant.
To prepare regular reports providing updates on matters related to compliance with statutory and regulatory requirements;
To assist in the preparation of papers for the Management and Board giving updates on the status of compliance with the relevant laws, regulations;
To cooperate and facilitate the provision of ad-hoc reports and or information to the regulators as and when required.
Leadership & Stakeholder Management
To review all regulatory returns submitted to the Regulator & other statutory bodies to confirm that the Bank is compliant.
To prepare regular reports providing updates on matters related to compliance with statutory and regulatory requirements;
To assist in the preparation of papers for the Management and Board giving updates on the status of compliance with the relevant laws, regulations;
To cooperate and facilitate the provision of ad-hoc reports and or information to the regulators as and when required.
Knowledge; Skills and Experience required for this Role
At least 5+ years’ experience in a banking environment working in a similar role and with sound exposure to the various statutory and regulatory requirements.
Bachelors’ degree.
Competencies required for this Role
Leading teams
Working with people
Creating and Innovating
Delivering results and exceeding customer expectations
Planning and Organizing
Learning and Researching
Writing and Reporting
How to Apply
For more information and job application details, see; SBM Bank Senior Officer, Statutory & Regulatory Compliance Jobs in Kenya
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