Job Purpose Summary:
This position forms an integral part of the Bank's 2LOD and the incumbent will be performing regular and comprehensive compliance and internal control risk assessments, in addition to data protection activities according to the approved compliance & internal control review plan. The incumbent will be required to report, identified breaches and corrective actions on compliance and internal control matters as well as related to data protection.
Essential Duties & Responsibilities:
- Assist the SVP in ensuring sound internal control policies and practices in order to protect the Bank, customer relations and sound internal procedures.
- Support and be responsible for the adequate identification and assessment of the compliance risk faced by the Branch, thereby reduce the risk of regulatory sanctions, which could result in financial losses or penalty and loss of reputation.
- Promote cost consciousness and efficiency and enhance productivity, to minimize cost, avoid waste and optimize benefits for the Bank.
- Ensure timely and accurate information, provide efficient & effective support with regards to internal control and DPO scope of duties.
- Enhance internal controls framework and in line with Group Data Protection.
- Perform end-to-end review of each process and determine relevant risks and controls.
- Undertake root-cause analysis to address and mitigate the identified risks and recommend adequate remedial action.
- Facilitate controls gap analysis, remediation planning and testing for all business units.
- Ensure controls are efficient & effective and are in compliance with regulatory requirements and best practices at governance, oversight and operational levels.
- Liaise with local regulator, whenever required, response on queries and communicate issues raised by them and follow up such issues until final resolution.
Education / Experience requirements:
- Bachelor's degree preferably with a major in law, banking, business administration or related field.
- At least 10 years of working experience in banking institution or in a consultancy firm, of which 6 years should be in Compliance, Internal Control / Internal Audit and DPO experience.
- Good understanding of Banking regulatory environment.
- Hands-on experience of using local regulator systems.
- Ability to communicate with all levels of stakeholder and draft reports for Senior Management.
- Excellent oral and written communication skills in English.
- Self-starter, independent, organized, structured and with good inter-personal skills
