| JOB NAME |
Compliance Officer [Kigali]
POSTED BY: Development Bank of Rwanda
REF:DBR 2004
Date Published:Monday, September 23, 2024
Date of Expiration:Saturday, March 22, 2025
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| LOCATION OF THIS JOB |
 Rwanda | KIGALI in Rwanda |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Compliance Officer [Kigali]
BACKGROUND INFORMATION
Job Grade: JG6
Posted Monday 9th September 2024
Deadline 24th September 2024
Department: CEO ‘Office
Reports to: Manager, Compliance
Direct Reports: N/A
Indirect Reports: N/A
Contract Terms – Open-ended
Location Kigali
PURPOSE OF THE JOB
1. Ensuring that the bank operates within the legal and regulatory frameworks that govern its activities.
2. He/She plays a critical role in managing the risk of regulatory penalties, reputational damage, and financial loss by ensuring compliance with both internal policies and regulatory requirements.
MAIN RESPONSIBILITIES OF THE JOB
1. Conduct risk assessments to identify potential areas of compliance vulnerability
2. Identify, assess & document internal control deficiencies and regulatory exceptions and notifies the Manager, Compliance of identified areas that need improvement or correctional training
3. Ensure Implementation of the internal policies and procedures while maintaining thresholds set;
4. Ensure that all required periodic returns are reviewed and submitted in the time frame required;
5. Facilitate, assess, and review internal policies and procedures to ensure they are aligned with applicable laws and regulations to protect the Bank from any non-compliance risk.
6. Review and monitor changes in legislation that impact the Bank and its operations;
7. Assesses the appropriateness of the bank’s compliance procedures and guidelines, promptly follow up any identified deficiencies and where necessary, formulate proposals for remediation;
8. Monitor and test compliance effectiveness by performing compliance testing/auditing.
9. Produce periodic compliances report.
Performance indicators
1. Ensure compliance with the Service Charter
2. Robust risk identification and assessment (for example, comprehensive inventory of compliance risks)
Compliance health check/testing
1. Identify & review new laws, regulations & directives, and their impact on BRD business operations after
2. Carryout due diligence with lenders & other partners
3. Follow-up for timely & accuracy regulatory reporting for reporting entities
4. Timely collection of staff documents requiring Central Bank's approval
5. Ensure no regulatory penalties to the Bank
6. Ensure bank policies are updated
Working relationships
BRD All Departments
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| REQUIREMENTS FOR THIS JOB |
PROFESSIONAL, ACADEMIC QUALIFICATIONS AND EXPERIENCE
1. Minimum of a university degree in accounting, finance, or related discipline;
2. He/she shall have minimum experience of 5years in Banking with at least 1year in compliance risk management.
3. Attention to detail. Almost all regulations require detailed analysis, but it’s important to attend to the detail while maintaining a view of the big picture;
4. Ability to interpret: There are very few black-and-white laws and so the ability to interpret the spirit of the laws and regulations as well as the actual language is important. Compliance staff must be able to interpret and work within confines of the legislation;
5. Risk assessment capabilities. The officer should be able to assess the alternatives and make an informed decisions based on the criticality of risk. Compliance officer must understand the risk tolerance of the bank as well as the level of breach or likely breaches.
6. Communication skills. Written and verbal communication skills are essential. The compliance officer must have the ability to communicate at all levels in the bank from frontline staff to the CEO and board of directors. Having compliance expertise adds little value if it can’t be communicated effectively.
Core competencies
1. Understanding of Banking laws, regulations, Directives & guidelines
2. Knowledge of Education portfolio policies and procedures
3. Ability to review the bank operations to ensure compliance and reporting any violations or issues to regulatory authorities.
4. ▪Ability to analyze large sets of data to detect patterns or suspicious activities that might indicate non-compliance.
5. Ability to accurately review processes, transactions, and documentation to ensure adherence to regulations & internal policies
6. Ethical judgement & integrity. Ability to make unbiased decisions and upholding highest standards of honest & transparency in compliance matters
APPLICATION GUIDELINES:
Interested candidate should apply online (https://www.brd.rw/careers/ ) and upload application documents including Curriculum Vitae, copies of degree certificates and professional certificates, motivation letter, names of three previous supervisors (as one document) as well as their emails and telephone. Please be informed that you will receive a notification pop up message after successfully uploading your application.
Only online applications shall be considered.
Email only for inquiries (not application): recruitment@brd.rw
Address all applications to the Head, Human Capital, and Corporate Services of the Development Bank of Rwanda.
Deadline for application: 24th September 2024
The employment package is highly competitive/attractive.
Due to expected high volume of applications, ONLY shortlisted applicants will be contacted.
Done in Kigali, Monday 9th September 2024
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English 
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