Assistant Manager – Risk and Compliance At I&M Bank – APPLY NOW

• Job TypeFull Time
• QualificationBA/BSc/HND
• Experience5 years
• LocationNairobi
• Job FieldFinance / Accounting / Audit 

PURPOSE:

The Job holder is responsible for the day-to-day management of the Risk and Compliance function within I&M Capital Limited. The Job holder will support the CEO – I&M Capital to maintain a robust Enterprise Risk and Compliance management framework within the company. In addition, the Job holder will also act as the Money Laundering and Reporting Officer (MLRO) for I&M Capital Limited.

KEY RESPONSIBILITIES:

Governance

• Developing and regularly reviewing policies and procedures.
• Maintaining the policy & procedure catalog while tracking policy and procedure reviews as per the approved review periods.
• Ensuring that new or revised policies & procedures are cascaded to all staff as appropriate.
• Promoting a risk aware and compliance culture within the Company
• Preparing and presenting regular reports to the management and board risk committee meetings
• Act as liaison with key control functions such as Group Risk & Compliance and Group Internal Audit

Risk Management

• Implementing the Enterprise risk management framework within the Company in line with regulatory requirements, Group minimum standards and best practices
• Implementing the Risk & Control Self-Assessment (RCSA) framework and ensure maintenance of an updated risk register that reflects the Company’s current risk environment.
• Conducting risk assessments for new products, partnerships, systems and processes and ensure controls and risk mitigation plans are implemented as appropriate.
• Implementing the Key Risk Indicators (KRIs) framework and ensure maintenance of the company’s KRI library.
• Conducting control tests as per control testing guidelines.
• Regularly reviewing procedures/processes to identify areas of potential improvement or weakness in risk management controls.
• Coordination of incident reporting, follow up on root cause analysis and implementation of remediation actions.
• Maintaining loss database and co-ordinating loss data collection and reporting.
• Implementing the business continuity framework and support in the operationalization of response required during a business continuity activation.
• Tracking risk mitigation and remediation activities for both current and emerging risks
• Tracking implementation of actions arising from internal and external audits and regulatory reviews

Compliance Management

• Ensuring that the Company complies with the requirements of CMA Act & regulations, Anti-money laundering legislation and Group Minimum standards.
• Implementing Compliance policies and frameworks
• Monitoring on adherence to compliance obligations and ensure compliance risks are identified, managed and reported.
• Acting as the Money Laundering and Reporting Officer for the company
• Act as the primary contact and liaison with the CMA and Financial reporting center (FRC) and respond to all queries from the authorities.
• Regulatory reporting of returns to the CMA & FRC.
• Ensuring compliance to Know your customer (KYC) standards, conducting of screening and risk rating of clients prior to on-boarding in line with CMA & AML regulations and related company policies.
• Conducting annual AML risk assessments in line with CMA and FRC requirements.
• Developing and implementing a monitoring system to ensure that all suspicious transactions are investigated, documented, reported and passed on to the FRC if necessary.
• Conducting enhanced due diligence on high-risk clients and third parties
• Conducting due diligence on accounts suspected to be exposing the Company to AML/CFT risks and recommending necessary actions.
• Performing ongoing monitoring of high-risk clients for the purposes of identifying any emerging AML suspicious activities and behavior.
• Reviewing of accounts opened to ensure adequacy of account opening documents.
• Ensuring adequate maintenance of records as per AML/CFT requirements
• Act as an AML subject matter expert within the Company and provide appropriate guidance and support to employees on AML related matters.
• Implementation of the data protection framework within the Company, participating in data impact assessments and co-ordinating the implementation of mitigation actions

BASIC QUALIFICATIONS:

• Bachelor’s degree in economics or finance or business or securities related field.
• Certification in CPA (K), CIA, CSIA, FRM, GARP, PRMIA or CFA; Chartered Institute for Securities and Investment (CISI)
• Minimum Five (5) years’ experience in the Capital Markets sector, two (2) of which should be in Risk Management
• Demonstrated achievements directly attributable to the candidate.

SKILLS AND ATTRIBUTES:

• Exceptional analytical and quantitative background.
• Excellent written and verbal communication skills.
• High level of accuracy and attention to detail.
• Excellent time management skills and ability to work under strict deadlines.
• Initiative – must be a self-starter, able to work independently with drive and motivation.
• Outstanding interpersonal skills and ability to work across functions and levels of seniority.
• Good understanding of all aspects of Enterprise Risk Management
• Ability to anticipate business risks and develop adequate mitigating risk management controls.
• Good understanding of Capital Markets products and services.
• Good working knowledge of Capital markets regulations and Anti-money laundering Act and regulations.

Method of Application

Interested and qualified? Go to I&M Bank on imbank.bamboohr.com to apply.