Officer, Branch Compliance 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.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

We are recruiting to fill the position below:

Job Title: Officer, Branch Compliance

Job Ref ID: 80445881A-0001
Location: Port Harcourt, Rivers
Job Type: Full-time
Business Segment: Group Functions

Job Description

• To enable the execution of Compliance Risk Management processes and activities at a specific Branch within an Africa Regions country, to ensure that the Branch is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enable the competitive advantage of the organisation.

Key Responsibilities

• Ensuring compliance with the relevant Anti-Money Laundering and Combating the Financing of Terrorist (AML/CFT) and legislations governing related activities.
• Monitoring transactions of customers to determine whether the transactions are in line with the customers’ profile else probe further.
• Review and escalation of Suspicious transaction reports through Team Lead, AML/CFT, Compliance Manager to the Chief Compliance Officer.
• Providing advisory support to the branches on know Your Customer (KYC) issues/enquiries for optimal risk management.
• Conduct monitoring exercises on compliance issues in the branches especially effective proactive engagement with responsible parties on the level of compliance with annual declaration for Personal Account Trading (PAT) and Outside Business Interest (OBI).

Qualifications

• First Degree

Experience Required:

• 3-4 years' experience in Compliance with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking products and activities.
• In depth knowledge and understanding of applicable regulations as well as internal compliance related policies and procedures. Ability to take the understanding of business needs and operations and to translate it into risk management solutions.

Additional Information:
Behavioural Competencies:

• Articulating Information
• Challenging Ideas
• Convincing People
• Developing Strategies
• Embracing Change
• Empowering Individuals
• Exploring Possibilities
• Interacting with People
• Interpreting Data
• Making Decisions
• Providing Insights
• Upholding Standards

Technical Competencies:

• Evaluation of Internal Controls
• Financial Acumen
• Financial Industry Regulatory Framework
• Legal Compliance
• Process Governance
• Risk Awareness

Application Closing Date
Not Specified.