Senior Manager – Wholesale Compliance at Access Bank

Requirements

Regulatory Compliance Oversight:

• Provide oversight and guidance on regulatory compliance matters related to wholesale banking activities.
• Stay updated on regulatory developments impacting wholesale banking operations and ensure timely implementation of necessary changes.
• Develop and implement CRMPs on all legislative elements that impact Retail Banking. Target: 95% of compliance within 30 days.

Stakeholder Engagement:

• Develop and deliver compliance training programs tailored to wholesale banking staff to enhance awareness and understanding of regulatory requirements.
• Provide ongoing support and guidance to staff on compliance-related matters and inquiries.
• Attend stakeholder meetings and regulatory meetings, as and when required.
• Contribute to the preparation and delivery of regular reports to various stakeholders, EXCO and Audit and Compliance Committee.

Risk Assessment and Mitigation: 

• Conduct risk assessments of wholesale banking operations to identify compliance risks and vulnerabilities.
• Develop and implement strategies to mitigate compliance risks effectively, collaborating with relevant stakeholders as needed.

Compliance Monitoring and Reporting:

• Establish compliance monitoring programs to assess adherence to regulatory requirements and internal policies within wholesale banking.
• Prepare and submit regulatory reports on compliance activities, findings, and remedial actions to senior management and regulatory authorities as required.
• Coordinate and facilitate compliance reviews and audits of wholesale banking activities to assess compliance with regulatory requirements and internal policies.
• Develop and implement corrective action plans to address findings from compliance reviews and audits.

Training and Awareness:

• Develop and deliver compliance training programs tailored to wholesale banking staff to enhance awareness and understanding of regulatory requirements.
• Provide ongoing support and guidance to staff on compliance-related matters and inquiries.

Team development:

• To assist fellow compliance officer’s / team members in achieving project or operation goals and reporting deadlines.
• To Identify and extract any possible synergies that exist between internal audit and to develop/foster a co-operative relationship which would be to the advantage of the business.
• General compliance administrative duties

Policies and Procedures Management:

• Develop, review, and update compliance policies and procedures for wholesale banking functions, ensuring alignment with regulatory requirements.
• Coordinate with relevant departments to ensure effective implementation and adherence to compliance policies and procedures

Personal Development:

• Be willing to learn and grow by being exposed to various disciplines within the department and not work in isolation.
• Take responsibility of personal development within the compliance sphere.
• Attend compliance related workshops, training interventions and conferences.
• Contribute by assisting in ensuring training hours are completed, and training is attended.
• Ensuring attendance of business workshops and training sessions.
• Participate on industry-specific associations, standing committees, work groups and other interest groups in the financial services industry, where necessary.

Academic Knowledge:

• Bachelor’s degree in Finance, Business Administration, Law, or a related field; and/or
• Appropriate professional qualification from a reputable educational institution or professional body; or
• Appropriate accredited compliance related course endorsed by the Compliance Institute.
• Successfully completed FAIS RE5 (and preferably RE1)
• Post graduate diploma in Compliance Management (advantageous)
• Member of the Compliance Institute.
• C(Prac) certified or studying towards (advantageous).

Work Experience:

• Minimum of 7 years of experience in compliance or regulatory roles within the banking or financial services industry, with a focus on wholesale banking.
• 3 years’ FAIS experience for a Cat 1 License
• In-depth knowledge of wholesale banking products, operations, and regulatory requirements.
• Understanding and ability to assess compliance risks.
• Ability to interpret legislation.
• Understanding of and ability to implement monitoring methodologies.
• Good presentation skills (Ability to provide awareness training).
• Ability to provide advice and guidance to Business.
• Ability to compose compliance related reports.

Method of Application
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