Trustco Bank Namibia Ltd has a vacancy for a:
Risk & Compliance Manager (1 x Windhoek)
Trustco is a diversified triple listed and multiple award-winning investment group with a culture of creating long-term sustainable growth for all stakeholders. Decisions are biased towards long-term value creation and short-term hurdles are viewed as catalysts to drive success. The company primarily invests in high quality, world class assets in the financial services and resources industries. The banking and finance portfolio have the following vacancy;
Job responsibilities:
Network and Relations:
• Communicate and build a rapport with key stakeholders in the business;
• Establish and maintain external relationships with key stakeholders;
• Assist with the implementation of a risk culture within the bank.
Assistance to Senior Management:
• Support senior management with the overall risk management process for the bank;
• Management information and ad hoc analysis as requested;
• Advise management on an ongoing basis regarding risk and compliance;
• Assist and contribute to development and implementation of new internal control mechanisms.
Risk Management, Compliance Management and Administration:
• Management of the risk and compliance department for the bank efficiently;
• Develop risk management strategies, oversee and implement risk plans and control actions, including appropriate risk reporting to regulators;
• Enforce uniformity and consistent application of Operational Risk Management practices (ORM) across the banking business;
• Monitor, evaluate and challenge the bank’s success in managing its risks;
• Coordinate and conduct periodic operational audits and internal compliance reviews;
• Liaise with legislative regulating authorities;
• Manage the AML reporting obligations to BoN including threshold and suspicious transaction reporting;
• Monitor the Know Your Customer (KYC) process, including those relating to the onboarding of new customers and legacy accounts and prepare reports;
• Manage the sanction screening process and the reporting of PEPs and ensure that all customers undergo regular sanction screening as per regulatory requirements;
• Attend meetings of the various existing and new regulatory committees and sub-committees;
• Manage the reporting function to FIC;
• Any other governance and administrative duties which may be required.
Training and Mentoring:
• Develop and coordinate training programs which focus on the elements of risk and compliance and ensure that all appropriate employees and management are acknowledgeable of and comply with legislative/regulatory company standards.
Project Management
• Assess the current and imminent risks of the business and the impact of these on the business;
• Develop and implement new/improved risk minimizing initiatives, policies and/or procedures;
• Monitor and coordinate risk reduction/compliance initiatives/activities;
• Ad hoc projects.
Candidate Profile:
• Strong character to function within a complex environment and the ability to make quick and sound decisions;
• Aptitude to identify risks and to assess, develop, monitor and implement the Banks risk strategy and control plans;
• Ability to communicate and work effectively with a wide range of peers, partners and stakeholders;
• High level of emotional maturity and high energy levels;
• Assertive and ability to take ownership and responsibility;
• Ability to prioritize and manage own time and projects and keep to strict deadlines;
• High standard of work ethics and a confident and professional approach. Strong reasoning and analytical capabilities;
• Ability to fly to the moon and back using only a skateboard;
• Exceptional high level of confidentiality, tact and discretion;
• Superior communication skills, both written and oral in English, Afrikaans and an indigenous language;
• Trustco Group supports employees maintaining a healthy lifestyle, therefore preference will be given to applicants with a healthy BMI;
Requirements:
• Grade 12 with minimum 25 points;
• Minimum 3-year Diploma/Degree in either Finance, Banking or Business;
• A risk management qualification will be advantageous;
• Comprehensive risk management skills, courses and certifications encompassing the regulatory, risk governance, risk management and (optional) IT risk management landscape;
• Minimum of 4-year experience in an operational risk function or in an internal audit function within the banking industry;
• Extensive knowledge of departmental processes, programs and procedures is essential;
• A minimum requirement to be considered as a possible shortlisted candidate for the vacant position will be that the applicants must successfully pass the “Trustco Group Annual Integrated Reports Test” which will consist of multiple-choice questions from the annual reports of the group spanning a period of the past 4 years.
To be called a Trustconian is to be bestowed a title of honor. It’s worn proudly by those who are committed to the Trustco brand and culture. As Trustconians we know that every right implies a responsibility; every opportunity, an obligation; every possession, a duty and that a person’s word should be as good as his bond. Trustconians are provided with the opportunity to be part of a family, not just a company, and we are obligated and required to drive Trustco and Namibia forward in our own, revolutionary, way.
Only CVs with attached certified copies as proof of qualifications will be accepted. Only shortlisted candidates will be interviewed and no CVs or attached documentation shall be returned.
Preference will be given to Namibian citizens. People with disabilities are encouraged to apply.
More Information
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Job Application Details
APPLICATION DETAILS
Only applications submitted via email will be considered. Your CV and portfolio may be submitted to
E-mail: [email protected]
Tel: 061 275 4315
Closing Date: 12 October 2022
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