Compliance Officer

JOB PURPOSE

The role of the Compliance Officer is to assist in proactively identifying, assessing and managing regulatory/ compliance risks.

RESPONSIBILITIES

Assist in the drafting of policies and procedures for the department.
Assist in executing the bank's regulatory change process while facilitating implementation at the Business Unit level.
Conduct an impact and gap analysis of new regulations and processes.
Act as a regulatory compliance advisor to the various business units for processes, existing products and new products to ensure compliance with regulatory requirements.
Execute the regulatory compliance plan in a timely manner.
Update the ‘cartographie des risques de conformité’ as and when required.
Contribute to the drafting of procedures / processes and implementation of tools to reinforce internal control of banking operations.
Prepare reports, analysis and risk studies for various committees e.g. Compliance Committee, Risk Management Committee and any other committee.
Contribute to prepare the Compliance Training Kit.
Undertake periodic compliance monitoring reviews, including preparation of reports to Compliance Committee and Board RMC, as assigned under the Compliance Plan by the Head of Compliance and make compliance-related recommendations.
Ensure timely implementation of recommendations and remediation of discrepancies noted.
Contribute in achieving Team objectives in a timely and accurate manner.
Execute any ad hoc duties related to compliance issues escalated to the Compliance department.
Participate in projects involving Compliance Department.

MINIMUM JOB REQUIREMENTS

BAC+3 – Bachelor Degree
At least 5 years in the banking sector or 3 years in a field related to Compliance

COMPETENCIES

Strong sense of confidentiality
Possess good knowledge of the economic, fiscal, regulatory, and legal environment
Good knowledge of laws and regulations related to Banking (Banking Act, BoM AML/CFT Guidance Notes, FIAMLA, …)
Good knowledge of KYC and CDD policies
Basic principles of banking operations and banking processes. Be able to detect risks / vulnerabilities and propose solutions to resolve or mitigate risks.
Have the ability to analyze and make diagnostic assessments
Strong ability to convince
Excellent communication skills
Ability to work independently and collaboratively in a fast-paced environment

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