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Key Result Areas:

• Develop, implement and monitor the bank’s compliance framework and ensure that all bank operating procedures meet the compliance requirements as defined by the regulator and bank policies/procedures.
• Prepare and present bank-wide compliance report to EXCO indicating business enhancements/ recommendations.
• Monitor transactions for adherence to Anti-Money Laundering laws and report all non- compliant or suspicious transactions to EXCO and FIA.
• Champion the compliance program to guide overall institutional
• Conduct periodical compliance assessment
• Undertake regular account reviews on accounts of PEP (Politically Exposed Persons) and transaction checks on a monthly basis in line with AML Regulations 2015 and Anti – Money Laundering Act 2013. In this regard the Head of Compliance shall be the Anti- Money Laundering Control Officer(AMLCO) of the Bank.
• As the AMLCO be the contact point for internal and external authorities, including supervisory authorities or the Financial Intelligence Authority, concerning Anti-Money Laundering issues.
• Liaise with regulatory bodies and other financial institutions regarding the relationship we hold with them.
• Coordinate and communicate updates of the bank’s policies and procedures to reflect changes in the regulatory requirements and bank standards.
• Review of the draft updated policies to ensure they reflect changes in the regulatory framework and bank’s business plan.
• Train staff on matters relating to compliance covering general bank standards and regulatory requirements.
• Manage the performance of the Compliance team ensuring that each team member has plans and targets in place and is delivering; take appropriate corrective action as required