JOB PURPOSE
- Ensure Compliance risk (current and emerging) with Ecobank Ghana and AWA Region is adequately managed and monitored.
- Ensure the Bank complies with all laws, regulatory, and ethical requirements in Ghana and AWA Region
- Ensure there is framework for effective managing of Compliance risk along Financial Crime, regulatory Compliance and Conduct.
- Provide supervisory support in the Compliance function to the heads of Compliance in Guinea, Liberia, Gambia, Sierra Leone.
KEY RESPONSIBILITIES
- Support the Bank to meet all regulatory obligations across the affiliate to AVOID regulatory fines, sanctions, penalties. Identify potential compliance / regulatory breaches.
- Develop and implement an effective Financial Crime, Regulatory Compliance and conduct management program within the bank.
- Advisory role, and strategic partnership with business units, providing advice on new products, digital banking other initiatives with the view to prevent regulatory breaches
- Monitor Regulatory change/evolution and report such developments to EXCOM and the Board of directors.
- Develop and execute the Compliance Monitoring Plan (CMP); ensuring that periodic reviews, thematic testing, and control assessments are done on time.
- Manage Correspondent Banking relations and respond to all enquiries from Correspondent Banks
- Act as primary interface with regulators with the establishment of a regulatory relationship desks with clear Regulatory Engagement Plans; and ensuring prompt response to regulatory queries
- Establish written policies, procedures, guidelines for the Compliance function.
- Educate staff on compliance with the applicable Rules and act as advisor on compliance queries.
- Maintain primary contact with relevant external bodies and regulators on compliance matters.
- Ensure effective implementation of whistleblowing program.
- Ensure appropriate communication and training to all staff and stakeholders for effective management of financial crime, reputational and regulatory risk.
- Be the driver of compliance culture within the bank.
- Liaise with Internal Control, Internal Audit, Legal, Risk Management and other functions, as appropriate, while fulfilling the above roles
LEADERSHIP PROFILE
- Strategy
- Provide strategic support to the AWA Regional Executive / Managing Director on Regulatory compliance.
- Offer strategic Compliance Consultancy support to the Business.
- Advice business functions on compliance implications as it relates to their business
- Assess the compliance impact of regulatory changes and guide the bank in implementing adjustments
- Budgeting –
- Prepare budget for the Compliance Department in line with banks strategic direction and Group guidelines
- Monitor these budgets for Variance analysis
- Reporting –
- Provide regular reports to the Regulator, Board of Directors, the Managing Director, senior management and relevant committees
- Escalation to Group Compliance is mandatory for significant compliance issues (e.g., regulatory breaches), at least at the same time as being escalated to local Executive Management or Board committees.
- Incident reporting. To ensure timely escalation and reporting of compliance breaches, risks and suspicious activities
- Management –
JOB PROFILE
Experience & Qualifications
- At least a degree in a relevant field from a recognized university. Master’s degree will be a plus.
- Call to the Ghana Bar will be an added advantage.
- At least 10 years in a control environment within a financial institution, or similar responsibility.
- Ability to communicate verbally and in writing at all levels and experience of writing Board level reports
- Expert knowledge in strategic and operational/budgeting planning processes
- Proven leadership and strong people management skills
- Strategic planning and management experience
- Experience in change management and has the ability to positively lead change
- Computer skills – MS Word, MS Excel and MS PowerPoint
- Good communication and presentation skills at management level
- A person with high integrity
- Strategic mindset – decision making ability to consider both short term and long-term objectives
- Dynamic, innovative self-starter with a personal ambition to succeed
- Sound knowledge and understanding of all laws and regulations governing the Banking Industry in Ghana.
- Good planning and organization skills, and strong report writing skills
Skills, Capabilities & Personal attributes
- A person with high integrity
- Strategic mindset – decision making ability to consider both short term and long-term objectives
- Dynamic, innovative self-starter with a personal ambition to succeed
- Sound knowledge and understanding of all laws and regulations governing the Banking Industry in Ghana.
- Good planning and organization skills, and strong report writing skills.
