Regional Manager, Compliance (Francophone West Africa)

This role involves ensuring that the Bank’s activity in Francophone West Africa adheres to all internal policies and applicable external regulations and standards. The manager will support in advising the business, monitor clients’ transactions and will stand as the primary point of contact with external stakeholders. Ensure continuous risk monitoring and cooperation with business on identified risks and corrective actions while reporting to the Senior Manager Regional Compliance.

Main Responsibilities

Advisory and policy framework:

• Be the owner of the KYC and due diligence process during the onboarding of customers and ensure the regular update of their information.
• Ensure implementation of the Bank’s policies, procedures and guidelines.
• Provide update about recent regulations changes which are likely to impact the Bank’s business.
• Monitor the transaction of the regions’ clients and ensure regulatory gap assessment & roadmap implementation.
• Ensure an effective Compliance Risk Management and assurance framework within regional office on a day-to-day basis
• Support the businesses and functions in meeting their compliance obligations under the Bank’s Policy and Standards, codes, and any applicable local law and regulations, by ensuring strict adherence to same guidelines,
• Advise the business in terms of compliance best practices and processes.

Stakeholder Relationship Management

• Monitor the regulatory framework in the region and perform impact analysis on the business.
• Build close relationship with the local regulators be able to understand the requirements of the regulatory framework and ensure that they are reflected in the Bans Compliance policies and procedures.
• Monitor regulatory environment and the impact of its Evolution on the bank’s strategy and business
• Participate in the design of training to the business
• Support the development of new products and services, as and when required, by providing advice on relevant laws and regulations.
• Identify and address conflicts of interest and coordinating adherence to the varying policy requirements.
• Mentor and assist business in identifying effective practices applicable to their needs while ensuring compliance with internal policies.
• Address to queries from external parties and other Bank stakeholders.
• Provide guidance and consultation and ensures that new projects (Product, business, IT) embed relevant regulatory requirements.
• On an ongoing basis, provide advisory on international compliance standards which may have an impact on the Bank’s operations.

Communication and Training:

• Participate in the design of compliance training programs in the Bank.
• Help to foster regulatory compliance culture within the Group through workshops, awareness campaigns, trainings.

i. Identification, measurement and assessment of compliance risks:

• Support the Senior Manager, Regional Compliance to lead campaigns to identify and assess (compliance) risks, propose risk responses and (compliance) risk monitoring approaches, report results to the Head of Compliance.
• Identify, document and assess regulatory risks associated with Bank’s business activities, including the development of new products and services, the proposed establishment of new types of business or customer relationships, or material changes to such relationships.
• On an ongoing basis, assess the appropriateness of the Bank’s compliance procedures and guidelines, promptly follow up any identified deficiencies, and, where necessary, formulate proposals for amendments.

Monitoring and Reviews:

• Participate in the development and implement a monitoring process which help to ensure that regulatory reports and recommendations are handled in a timely manner.
• Review of transactions and business operations for compliance with internal standards which the Bank has adopted.
• Identify improvement opportunities to ensure compliance with country and international regulations.
• Monitor, trends and analyse audit results, ensures thorough root cause analyses and recommends process changes as identified. Support our internal audit practice as Subject Matter Expert on regulatory and compliance topics

Ethics and Business Conduct Program:

• Support the implementation of the Bank’s ethics and business conduct program and processes, notably; conflict of interest declarations, data protection and information confidentiality, Insider trading policy declarations, oversight over implementation of Chinese Walls, etc. as and when required.
• Participate in the Bank’s complaints handling review, investigations and reporting.

Compliance Initiatives:

• Research, analyse, identify, propose guidance or problem resolution, and prepare memos, presentations, and other documents on all topics impacting compliance controls and monitoring programs.
• Annual Forums: Actively participate and fully support the Director Compliance in preparations and launching of all forums that are hosted by the Bank through the Compliance Division.
• Strategic Partnerships: Support all other initiatives aimed at strategic partnerships to promote Governance and Compliance and participate actively in industry working groups and represent Bank’s view and interests.
• Advocacy Initiatives: Support Advocacy initiatives on relevant compliance and governance standards which may impact on capacity for trade and economic development in Africa.

Reporting:

• Participate in the drafting of periodic compliance reports to management and board and other compliance reports that may be required on an ad-hoc basis.

Compliance Responsibilities

• Understand and adhere to the Bank's AML, Regulatory and Conduct Compliance policies and procedures, notably.
• Staff Handbook (has code of conduct provisions)
• Anti-Money Laundering (AML), Counter Financing of Terrorism and Counter Proliferation Financing
• Conflicts of Interest and Policies on Staff Involvement in External Engagements/Activities • Anti-Bribery & Corruption
• Insider Trading Guidelines
• Report any suspicious or non-compliant activities or matters relating to the Bank’s staff or the customers to the Compliance Department.
• Complete the Annual Compliance Training/Assessment.

QUALIFICATIONS AND EXPERIENCE

Minimum Qualifications

• Master’s degree in law or in Economics
• Certifications in the field of compliance would be a bonus
• Fluency in French is a must Years & Nature of Experience
• 8 years of experience in Compliance field
• Experience with specific industry regulations
• Strong analytical and problem-solving skills
• Excellent written and verbal communication skills
• Proven track record of managing compliance programs
• Experience interacting with regulatory agencies
• Familiarity with compliance management software
• Thorough understanding of relevant regulatory requirements
• Strong organizational and time-management skills
• Ability to work independently and as part of a team
• Attention to detail and accuracy
• Proficiency in Microsoft Office Suite
• Ability to interpret and apply regulatory guidelines