Regulatory & Compliance Advisory Specialist Zambia National Commercial Bank Plc

JOB PURPOSE

This function is responsible for supporting the compliance training and monitoring unit by providing regulatory advisory support, maintaining and updating the Bank’s Regulatory universe, managing and maintaining of a robust and effective compliance risk management framework. Ensure that applicable laws, regulation, policies, rules, procedures and standards are adhered to in all Zanaco departments.

Undertaking compliance reviews and supporting business through provision of relevant recommendations. Thus ensuring, implementation of corrective measures through follow-ups and validation of closure evidence.

Providing professional compliance advisory services and specific recommendations to adequately manage compliance risks.

Under the supervision of the Compliance Training & Monitoring Head, the following are among the Job Key Responsibilities:

• Assist with the implementation of the Compliance Annual Plan and assigned compliance reviews.
• Assist with maintaining the Bank’s obligations register and completion of compliance risk management plans.
• Assist with ensuring ongoing awareness of compliance issues including changes in the regulatory obligations.
• Assist with the tracking of regulatory returns and engage internal and external stakeholders on an ongoing basis.
• Assist with compliance risk assessment processes and ensuring that compliance risks are appropriately identified and assessed.
• Assist with the implementation of risk management processes within the Compliance Department.
• Assist in the preparation of mandatory periodic Compliance reports and any relevant documentation.
• Assist with preparing and coordinating ad-hoc reports on compliance developments as required
• Provide first line support for regulatory queries, requests and submissions and ensure all regulatory commitments are submitted on a timely basis.
• Any other responsibilities or tasks as maybe assigned by management.

INTERNAL/EXTERNAL CONTACT

• External: Regulators

• Internal: All Internal Business Units

QUALIFICATIONS AND EXPERIENCE

• Grade 12 Credit or above mandatory in Mathematics and English and any other three subjects
• Degree in Business, Banking, Accounting/Finance, Economics, Law or any relevant field
• At least four (4) years’ experience in banking, preferably in Audit, Risk Management or Branch Operations
• Strong working knowledge of the Bank’s regulatory environment and obligations, AML, bank products and channels, KYC rules and regulations
• Good understanding and appreciation of Compliance Risk Management principals and standards;
• Good understanding of the Core Banking System and management systems, bank’s products, bank policies, operational procedures and operating systems with knowledge of the controls and procedures on Branch operations, and applicable regulatory requirements.
• High degree of communication and inter-personal skills, Policy-writing, Attention to Detail, Time management, Planning and organizing skills, Intellectual and analytical skills.

JOB CORE COMPETENCIES

• Initiative
• Clinical and attentive to detail
• Stakeholder Management
• Analytical Skills/ Problem solving
• Drive for results
• Accountability
• Interpersonal Skills
• Excellent Communication, Presentation and Reporting skills.