Head of Compliance

ABOUT THE COMPANY

At Commercial International Bank (CIB) Kenya Limited, we take the time to truly get to know our customers and develop longstanding relationships with them.
We develop tailor-made solutions with an aim to meet and exceed customer expectations led by experienced and knowledgeable staff.

JOB SUMMARY

Job SpecificationAcademicMinimum of a bachelor’s degree in accounting, Banking & Finance or related discipline (with an MBA, MSC or its equivalent)Professional Qualifications & ExperienceProfessional qualifications e.g., CPA, ACCA & CIMA, CRMAProficiency in Microsoft Office SuiteDesired Work ExperienceAt least 15 years’ experience in a Risk, Compliance or Audit Department in a banking environment with a strong understanding of overall banking operations, systems and processes.5 years of which should have been in a Senior position.Outstanding performance of duties and exceeding expectations in positions that require strong analytical, problem-solving, decision-making, team building, and leadership skills including the ability to manage risk, compliance, and control activities in a financial institution.Method of ApplicationTo apply, please send your applications with the subject being – the title of the job.

RESPONSIBILITIES

FinancialEnsure appropriate controls are in place to prevent and detect instances of conflicts of interest or patterns of illegal, unethical, or improper conduct by employees.Ensure that irregularities and non-compliance issues or breaches of applicable compliance policies and standards are properly investigated, escalated to relevant senior management and the Board Committee with follow-up on correction actions.Provide compliance, governance advisory, and support to the bank’s management, business, and control units in order to adhere to the bank’s standards and regulatory requirements.Ascertain a compliance assessment on new products, services, and delivery channels being established prior to launch in collaboration with relevant stakeholders.Collaborate with internal audit to ensure that any compliance related audit findings are adequately mitigated through a well-defined action plan.Assuring that all regulatory requirements, inquiries, and periodic returns are adequately addressed and met on schedule.Reports on compliance performance and identified risks to the appropriate senior management and board committee on a regular basis.CustomerEnsure appropriate whistleblowing channels, and a framework is in place to encourage employees and other stakeholders to report any noncompliance without fear and protect the whistleblower from any retribution.Internal Business ProcessEnsuring that the Governance, Compliance, and Control Frameworks of theBank are dynamic and operating effectively.Ensure that the compliance program remains up to date with related regulatory requirements as stipulated by the CBK, including AML/KYC and statutory compliance.Liaise with external auditors, consultants, and regulatory authorities to make sure that inspection findings have been appropriately rectified.Functional ResponsibilitiesPromote a culture of high ethical standards, commitment to compliance controls within the bank.

REQUIRED SKILLS

Compliance, Key performance indicators, Business strategy, Financial analysis

REQUIRED EDUCATION

Bachelor's degree