Summary: Kenya Post Office Savings Bank (Postbank), a leading Savings Bank with a national branch network and an equal opportunity employer wishes to recruit competent, proactive, self driven people with high integrity to fill the positions in the establishment.
Description:
Purpose of the Position
•To oversee and manage the formulation and implementation of sound policies and procedures towards ensuring that the bank complies with regulatory requirements and ensure prompt mitigation of possible risks.
Key Responsibilities
•Initiate, maintain and revise policies and procedures for the implementation of the Compliance Program and its related activities.
•Analyse and set exposure limits for Credit risk, Liquidity risk, Market risk and Operational risk.
•Carry out impact analysis to control/mitigate the impact of market risk using various risk assessment tools.
•Review compliance with the various parameters set in the Risk Policy on a continuous basis.
•Develop, periodically review and update code of conduct to ensure continued relevance and guidance to management and employees.
•Collaborate with other departments to direct compliance issues to appropriate channels for investigation and resolution.
•Develop and oversee a system for uniform handling of violations of policies, procedures, rules and regulations.
•Identify potential areas of compliance vulnerability and risk; and develop/implement corrective action plans.
•Review Risk Policy Compliance Reports highlighting variances from the limits set and present to the Management/Board for remedial action.
•Liaise with the Human Resource Department to develop and implement effective compliance training programmes.
Requirements:
Knowledge, Skills and Abilities
•Degree in Business related field.
•Possession of an MBA will be an added advantage.
•Professional banking qualifications such as ACIB or Diploma in Banking.
•Good knowledge and solid understanding of: The requirements of compliance monitoring, The Companies Act, The Banking Act, Prudential Guidelines, International Financial Reporting Standards and other internal and external regulations.
•8 years relevant working experience, 3 of which should have been at senior management level in a risk related role.
Please note that ONLY short listed candidates who meet the minimum qualifications will be contacted. The positions are on a 3 year contract and renewable based on performance.
Managing Director
Kenya Post Office Savings bank
P.O Box 30311 – 00100
Nairobi, Kenya
Friday, October 1, 2010
Risk & Compliance Assistant Manager
