Personal and Business Banking Compliance Manager at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

Effective risk management is fundamental to the business activities of the Standard Bank Group (group). While we remain committed to increasing shareholder value by developing and growing our business within our broad determined risk appetite, we are mindful of achieving this objective in line with the interests of all stakeholders.

We are recruiting to fill the position below:

Job Title: Personal and Business Banking Compliance Manager

Job ID: 12900
Location: Nigeria
Employment Type: Full Time - Permanent

Job Purpose

• To ensure that all PBB Compliance issues are properly identified, tracked and effectively managed.
• To provide necessary support to the business in respect of compliance issues.
• To maintain and develop a thorough understanding of the relevant rules and regulations applicable to PBB Business units.
• To maintain and develop a thorough understanding of the relevant requirements and policies applicable to the PBB business, thereby facilitating the establishment of a compliance culture.
• To guide members of the PBB business to act with integrity, competence, diligence, respect and in an ethical manner in dealing with all clients.
• To ensure Compliance with relevant Anti-Money Laundering and Combating the Financing of Terrorist (AML/CFT) legislations and related activities.
• To ensure effective monitoring of all regulatory returns across the PBB businesses to ensure that such returns are rendered as and when due.
• Conducting research (international & local) to keep abreast of current compliance and AML/CFT issues.

Key responsibilities

• Develop strong working relationships with the PBB Business units.
• Provide assistance and advice on compliance issues e.g. new business, new products, new regulatory initiatives and AML/CFT.
• Provide guidance on compliance requirements.
• Monitor Personal Account Trading (PAT) within the PBB Business units and investigate potential problem areas/trades.
• Assist the PBB Business units with resolution of compliance audit issues.
• Conduct monitoring exercises in PBB Business units.
• Assist as and when required, in the development, drafting and updating of procedures/processes/policies and related training programmes/manuals and the delivery of training that is tailored to the PBB Business unit needs.
• Monitor effectively the level of compliance with policies such as Market Abuse Policy, Conflict of Interest Policy, Gift and Entertainment Policy, Outside Business Interest (OBI) Policy, Conflicts of Interest, etc.
• Keep abreast with the Stanbic IBTC/Standard Bank AML operations, standards and controls.
• Assist with the review of developed training material pertaining to AML/ CFT.
• Attend to relevant projects or reviews and give input and perform allocated tasks in terms of all projects concerning Compliance/AML/CFT.
• Assist in providing AML/CFT support to Operational areas to ensure effective implementation of controls and processes.
• Assist in compliance measures and determine appropriate remedial action plans (including, where necessary, timeframes and responsibilities).

Key Performance Measure

• Ensure all new products and businesses are taken through the product approval process (NPC).
• Ensure that all new regulatory and or compliance initiatives are communicated to relevant PBB business units.
• Identify deficiencies in AML/CFT control measures and determine appropriate remedial action plans (timeframes and responsibilities) with the management of the affected area.
• Timely review of Compliance policies, standards, manuals, including gap analysis of regulatory requirements.
• Timely rollout of Compliance Risk Management Plans (CRMPs) and effective monitoring of legislations and regulations applicable to PBB in line with agreed timelines.
• Ensure proactive engagement and timely review of new product papers.
• Co-ordinate and provide input into all AML/CFT initiatives.
• Contribute to the AML/CFT framework.
• Ensure necessary development and retention of AML/CFT related documentation/procedures/policies/manuals.
• Assist and advice on the process to identify and monitor PEPs and other targeted high-risk persons and entities.
• Actively promote, on an ongoing basis a culture of Compliance within the PBB Business units.

Internal and external relationships:

• Build relationships and provide Compliance and AML/CFT guidance to the CIB business.
• Develop relationships with key business, operational, internal audit & IT staff within the various businesses.

Required Skills and Qualifications
Qualifications:

• First Degree in relevant filed
• Masters Degree would be an added advantage
• Relevant professional qualifications would be an added advantage

Knowledge:

• Sound understanding of the processes and procedures operating in PBB business units.
• Solid understanding of the nature of the business and products in the PBB business environment.
• Ability to take the understanding of business needs and operations and translate it into risk management solutions.
• In depth knowledge and understanding of the legislative and regulatory requirements (current and proposed) relating to Banking as well as internal compliance related policies and procedures.
• Ongoing awareness of other legislation and regulations which relate to the Stanbic IBTC Group’s business, as well as Compliance best practices and trends.
• Keep abreast of international developments and best practice relating to AML/CFT.
• Ongoing awareness of AML/CFT activities and developments.
• Ability to give technically sound advice.

Experience:

• Minimum of 4-5 years Compliance experience with at least 5-7 years working experience in Retail Banking or a Risk Management environment.
• Thorough working knowledge of the Banking environment, systems and procedures.
• Extensive working knowledge of applicable money laundering and terrorist financing legislations and controls in the Nigerian environment.
• Good understanding of the regulatory requirements in the international environment.

Required Competencies
Technical Competencies:

• Thinking, problem solving, innovation
• Analytical skills
• Decision Making
• Generates focused practical solutions
• Demonstrates sound judgement
• Working under pressure and meeting targets
• Technical proficiency
• Microsoft Office

Personal Competencies:

• Good verbal communication; pays attention to detail, methodical, diplomatic, able to handle pressure/conflict, results-orientated, people management skills, team player, able to retain optimism despite setbacks, self-motivated, consensus builder, result oriented and ability to work with minimal supervision.
• Relationship management, customer service orientated, ability to accept responsibility, demonstrates trustworthiness & integrity, willingness to share knowledge, open to change.
• Ensures consistent, regular contact with clients, communicates confidently with all levels of the business (local and globally), communicates technical/specialist training clearly and in line with business needs, handles difficult situations tactfully and diplomatically.

Problem Solving and Decision Making Problem Solving:

• Managing work volumes
• Dealing with difficult clients
• Enabling the PBB Business to develop innovative products, solutions, processes, procedures and practices in restrictive legislative environments
• Applying a risk-based-approach to Compliance, particularly in the absence of clear guidance from regulators.
• Recognising and addressing the ML/TF risks associated with proposed or existing products, solutions, processes, procedures and practices.

Decision Making:

• Accountable for operational decisions related to the job description.

Working Conditions:

• Demanding but exciting working environment fast paced & delivery orientated.
• Must be able and willing to travel when necessary.

Application Closing Date
8th September, 2015.

How to Apply
Interested and qualified candidates should:
Click here to apply online