Unit Head, Compliance

Responsibilities:

1.      Ensure the rules and principles set by the Bank of Ghana and other regulators are being adhered to, under the guidance of the organization’s senior management team and the Board

2. Maintain a comprehensive knowledge of all applicable laws, rules and regulations

3.      Design a robust compliance structure, process and advisory service to enable line management ensure compliance with current laws, regulations and supervisory requirements

4.      Implement and maintain a process for the identification of new regulatory requirements, changes in requirements, and planning for implementation

5.   Act as a liaison for Senior Management on regulatory compliance matters during compliance examinations and/or third party compliance audits, and ensuring proper corrective action is taken in response to same

6.      Provide compliance guidance with respect to any new product development or enhancement, including the monitoring of end results

7.  Review processes for development and implementation of new customer products or services, distribution channels or strategies, and properly assess the degree of compliance function participation

8.      Provide a periodic update of the Bank’s level of compliance

9.   Ensure at minimum, an annual review of all established compliance related policies, procedures and processes to determine the need for any significant revisions, including the need to implement new ones

10.   Review and approve the Bank’s Compliance Training Program by properly assessing the Bank’s training needs and providing recommendations regarding the effectiveness of the training program

11.   Establish a compliance culture in the Bank that contributes to the overall objective of prudent risk management

12.   From a compliance perspective, make recommendations where necessary to ensure that laws, regulations and supervisory requirements are being complied with

13.   Establish prompt mechanism for reporting and resolving non-compliance issues

14.   Document findings including remedial action, as part of the compliance monitoring program

Key Performance Indicators

• Non-compliance penalties


• Maintain an up-to-date compliance risk register along with an inherent risk rating and a residual risk rating for each risk


• Resolution of Issues TAT


• FABL Compliance Culture


• Develop annual compliance program


• Prepare and present quarterly compliance report to the Board


• Coordinate staff training in AML/CFT awareness, detection methods and reporting requirements

Competency Requirements

·      Professional Attributes

·      Business Knowledge

·      Personal Attributes

·      Leadership Skills

·      Credit  Risk Management

·      Credit Analysis

·      FABL’s Credit Policies, Processes, etc

·      FABL’s Credit Products

·      Financial/ Report analysis

·      Risk Modelling