Compliance Manager job at Pride Bank Limited (PBL) | Apply Now

Specific responsibilities include: –

• Develop, implement, and update internal policies and procedures in line with regulatory requirements. Ensure that Pride staff at all levels understand and follow Pride’s policies set to maintain regulatory compliance

• Regularly review changes in laws, regulations, and industry best practices and ensure alignment of Pride’s policies and procedures accordingly.

• Suggest and implement process improvements to enhance efficiency and compliance adherence.

• Implement and monitor Pride’s key compliance risk indicator tools/ maps including activities, triggers, probability and action through regular risk and compliance reviews. Assess Pride’s operations for compliance risks and identify potential areas of vulnerability.

• Keep up to date with current laws and regulations that affect Pride’s operations. Research, evaluate and keep updates in compliance requirements and trends to keep up with the dynamic regulatory and business environment.

• Organize and conduct training programs for Pride employees about compliance regulations and internal policies. Promote an organizational culture that prioritizes ethical conduct and adherence to regulations.

• Prepare and  submit mandatory    reports to regulatory   bodies,   ensuring   accuracy   and timeliness.

• Conduct    investigations    in    response    to compliance  concerns,  potential violations,  or suspected   policy   breaches.   Ensure   that violations  are documented  and  escalated  to senior management or regulatory bodies when necessary.

• Ensure that Compliance staff track closure of gaps identified in Internal Audit, external audit and BOU examination reports.

• Ensure that all compliance-related documentation, including reports, audit findings,

• and communications, is accurately maintained and easily accessible for review.

• Follow up on responses to BOU instructions and directives and ensure their timely implementation.

• Ensure implementation of BOU operational requirements while supporting business growth through  the  implementation  of  agreed  upon initiatives

• Lead   and   manage   the   performance   and development   of   all   subordinate   staff   in accordance   with   the   approved   individual performance agreements.

• Undertake and monitor Anti Money Laundering (AML)Compliance and reporting to the Financial Intelligence Authority (FIA).