Compliance & Data Privacy Assitant Manager
Position: Assistant Manager – Compliance and Data Privacy
Industry: Micro Finance Bank
Our client a Microfinance Bank is looking to fill in the position
of an Assistant Manager – Compliance and Data Privacy.
JOB PURPOSE
The Assistant Manager – Compliance and Data Privacy will be
responsible for ensuring overall compliance with laws, regulatory and ethical
and integrity standards.
Responsibilities
- Advising and monitoring data protection
requirements, and escalating matters as appropriate to the Senior Manager,
Risk & Compliance.
- Facilitating compliance with data protection,
privacy and banking confidentiality laws to the branches and subsidiaries
- Designing and assisting with the implementation of
the privacy program, including policies, standards and procedures, tools,
monitoring, metrics, and reporting.
- Recommending on practical solutions across the
Bank and its subsidiaries and sharing leading practices with all business
stakeholders.
- Acting as a point of contact with the local
privacy regulators and cooperating with the regulators and any other
relevant authority on matters relating to privacy and regulatory
reporting.
- Advising and training Senior Management and staff
on data processing requirements provided under the law and facilitating
capacity building and training to staff involved in data processing
operations.
- Promoting privacy by design working with local
Product, Function, and technology teams, and reviewing and advising on
data protection impact assessments, where necessary.
- Monitoring and advising on individual rights
requests and enquiries made by data subjects on matters in relation to
privacy, including complaints or grievances.
- Conducting regular assessment and ensuring audits
are conducted to ensure compliance with Data Protection Act.
- Advising on privacy-related considerations and
requirements during the investigation of security incidents and advising
on notifications to privacy regulators.
- Advising and follow up for the implementation of
new data protection, privacy, and banking confidentiality laws
- Assessing risk when business decisions are made,
demonstrating consideration for the firm’s reputation and safeguarding the
Bank
- Implement a risk-based compliance monitoring Framework,
capable of identifying, assessing, and reporting all material compliance
risks.
- Monitor and coordinate compliance activities of
all departments within the Bank and ensure their procedures, internal
systems and controls are up-todate and properly documented.
- Maintain an updated understanding of relevant
regulatory requirements by providing advice and guidance on various
current and emerging laws & regulatory requirements that impact the
bank
- Keep the business informed regarding pending
industry changes, trends, and best practices and assess the potential
impact of these changes on the Banking processes.
- Develop an effective compliance training program
for employees to create awareness on laws, regulations and ethical
standards governing the banking industry.
- On an ongoing basis, identify potential areas of
compliance vulnerability and risk, and develop/implement corrective action
plans for resolution of problematic issues, and provide general guidance
on dealing with similar situations in the future.
- Respond to alleged violation of rules,
regulations, policies, and procedures by evaluating and recommending the
initiation of appropriate investigative procedures.
- Collaborate with other departments to direct
compliance issues to appropriate existing channels for further
investigation and resolution, and consult with the legal department as
needed to resolve difficult legal compliance issues
- Monitor credit risk outstanding against limits and
counterparty.
- Prepare monthly ALCO pack for inclusion in the
ALCO process and ad-hoc data reports to regulators
- Conduct stress testing processes and perform any
analysis where required.
- Daily monitoring of exceptional transactions
across branch network for fraud/ AML surveillance.
- Support the head in review and analysis of key
exposures, limits, and their utilization
- Investigate and report off market transactions.
- Identify, assess, and report on the reputational
risks facing the Bank through laid down procedures.
- Support in coordination and implementation of good
ethical behaviour in the way the Bank conducts its businesses and ensure
adherence to best business
Qualifications
- Undergraduate degree in business related field
- 5 years within a Risk or Compliance department or any
control function in a financial institution
- Business graduate from an accredited University
preferably in Business related course
- Excellent Communication and presentation skills
and ability to think strategically
- Excellent interpersonal, Organizing and planning
skills
- A sound understanding of regulations affecting
financial institutions
- Ability to work with all levels of management and
across business units and departments
- Ability to understand and interpret financial
information and principles
- Expertise of Compliance laws, rules, regulations,
risks, and typologies.
- Excellent written, verbal, and analytical skills
- Must be a self-starter, flexible, innovative, and
adaptive
- Highly motivated, strong attention to detail, team
oriented, organized
- Strong presentation skills with the ability to
articulate complex problems and solutions through concise and clear
messaging.
- Awareness of regulatory requirements
How to Apply
To apply, send your CV to recruit@flexi-personnel.com by 27th
April 2022. Indicate Assistant Manager – Compliance and Data
Privacy and your expected salary on your email
subject.
NB: Flexi Personnel does not charge
candidates for jobs placement