Manager, Compliance (Regulatory Relationship Management)

This role involves supporting Senior Manager Regulatory Compliance and the Head of Compliance in ensuring that the Afreximbank Group adheres to all internal policies and applicable external regulations and standards. Supporting the Senior Manager Regulatory Compliance, the Regulatory Compliance Manager functions as one of the primary points of contact for regulatory bodies and acts as an advisor to Head of Compliance and Senior Management on regulatory compliance matters.

Main Responsibilities

a. Policies and Guidelines:

i. Assist management in the development of policies, procedures and guidelines designed to facilitate compliance with the Bank’s Charter and other Bank prescribed internal and external regulations.

ii. Regulatory gap assessment & roadmap implementation: Implement new or updated regulatory requirements starting by performing gap assessments, building roadmaps, and translating regulatory requirements into business and controls requirements

b. Regulatory watch and Stakeholder Relationship Management

i. update and/or improve existing regulatory watch processes and build a regulatory monitoring program to ensure ongoing compliance. Organize workshops with the various internal stakeholders to identity pain points, draw analysis and propose remediations within compliance domain.

ii. Support the development of new products and services, as and when required, by providing advice on relevant laws and regulations and through the development of effective monitoring techniques, identifying and addressing conflicts of interest and coordinating adherence to the varying policy requirements.

iii. Mentor and assist business, local compliance teams in identifying effective practices applicable to their needs while implementing new regulatory requirements, in testing for desired results, and the adoption and implementation of these practices. Provide regulatory and compliance advice to business and support control units on an ongoing basis and responding to queries and issues as they arise.

iv. Address to queries from external parties and other Bank stakeholders on regulatory and policy aspects of the Bank. v. Support regulatory reporting activities such as the listing requirements for the Bank’s as and when required. vi. Provide guidance and consultation and ensures that new projects (Product, business, IT) embed relevant regulatory requirements.

vii. On an ongoing basis, provide advisory on international compliance standards which may have an impact on the Bank’s operations.

c. Communication and Training:

i. Support proactively communication to business units on regulatory developments and the Bank’s policy changes.

ii. Support the development and implementation of Compliance training programs in the Bank.

iii. Help to foster regulatory compliance culture within the Group through workshops, awareness campaigns, trainings.

d. Identification, measurement and assessment of regulatory risks:

i. Support the Senior Manager, 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.

ii. 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.

iii. 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.

e. Monitoring and Reviews:

i. Develop and implement a monitoring process which help to ensure that regulatory reports and recommendations are handled in a timely manner.

ii. Review of transactions and business operations for compliance with internal standards which the Bank has adopted

iii. Identify improvement opportunities to ensure compliance with country and international regulations.

iv. 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

f. Ethics and Business Conduct Program:

i. 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.

ii. Participate in the Bank’s complaints handling review, investigations and reporting.

g. Compliance Initiatives:

i. Research, analyse, identify, propose guidance or problem resolution, and prepare memos, presentations, and other documents on all topics impacting compliance controls and monitoring programs.

ii. 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.

iii. 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.

iv. Advocacy Initiatives: Support Advocacy initiatives on relevant compliance and governance standards which may impact on capacity for trade and economic development in Africa.

h. Reporting:

i. 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 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