A well established banking institution is seeking to employ a Head of Risk and Compliance. The successful candidate will be leading the Risk& Compliance Department and report directly to the CEO.

Job duties include:

Risk Management

Planning, designing and implementing risk management processes, tools and systems to identify, assess, measure, manage, monitor and report risks, including maintaining a rolling risk register
Supporting the development and strengthening of the Bank’s internal control systems and overarching risk management framework
Preparation of the regulatory suite of documents, including the ICAAP, ILAAP and Recovery Plan
Preparation of the financial risk management section found in the annual report
Ownership of the Risk Monitoring Committee, including development and monitoring of key risk indicators (KRIs);
Protecting the independence of the second line of defence and fostering a healthy risk-aware culture across the Bank
IFRS 9 Expected Credit Loss (ECL) exercise

Compliance Management

Ensuring the Bank’s ongoing compliance with relevant laws, regulations, policies and procedures
Completing an annual regulatory risk assessment, and providing recommendations for remediation through an annual compliance plan
Monitoring compliance of the Bank’s AML/CFT activities and the exercise of effective influence on its AML/CFT policies and procedures
Being the point of contact for competent authorities
Review any modifications to existing or new products or services at development stage to ensure their compliance and the introduction of effective controls
Ensuring the timely reporting of FATCA
Ensuring the timely delivery of regulatory reports
Being on the lookout for emerging regulations or directives that could have an effect on the Bank and investigating their impact

Skills and Qualifications required:

Postgraduate education in Banking and Finance, Accounting, Business, Maths and Statistics, or equivalent, with a solid understanding of the banking industry, with a minimum of 3 years’ experience working in a similar role
Excellent written and verbal communication; strong sense of integrity, ethics and independence, with courage to speak out; analytical/inquisitive mindset

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Head of Risk and Compliance (Banking)

Castille