Risk And Compliance Specialist

Closing Date 2024/12/19
Reference Number MMH241205-2
Job Title Risk And Compliance Specialist
Position Type Permanent
Role Family Risk
Cluster International
Remote Opportunity None of the time
Location – Country Botswana
Location – Town / City Gaborone

Introduction
The company is looking for an innovative and energetic individual to fill the Risk and Compliance Specialist position in the Risk and Compliance Department.
Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose
Reporting to the Chief Risk Officer, the incumbent will be primarily responsible for coordinating the development and monitoring implementation of business risk and compliance framework as well as provide assurance on industry and regulatory compliance programs, including underwriting requirements and Anti- Money Laundering & Combating the Financing of Terrorism and Proliferation, and Financial Crimes to enable business within the Botswana legal framework.

Requirements

Degree in Risk Management, Finance, Legal, Business or related field.

Post Graduate Qualification in Compliance Management.

Certified Anti-money Laundering Specialist or equivalent.

Certified Fraud Examiner qualification will be added advantage.

5 years risk and compliance related experience.

Duties & Responsibilities

Conduct AML/CFT risk assessment and provide recommendations for remedial action by the respective departments.

Conduct compliance monitoring reviews and audits periodically as required by business or the regulator.

Develop and oversee control systems to prevent or deal with violations of legal, AML/CFT and business risk mitigation guidelines and internal policies.

Support the business and stakeholders in identifying business and compliance risks or weaknesses, compile and update risk register detailing mitigating actions or processes and or procedures.

Evaluate the efficiency of controls and continually monitor their implementation across the business.

Execute the regulatory compliance breach management and follow-up process in order to address the identification, analysis and resolution processes to be followed as well as escalation.

Initiate, contribute and prepare the necessary documentation for the submission of business enabling statutory applications to applicable regulatory and industry supervisory bodies.

Initiate and contribute to the review of all critical business policies for regulatory compliance and make recommendations for improvement.

Execute compliance activities on a risk –based compliance plan in order to provide assurance on the level of regulatory compliance.

Undertake applicable AML/CFT&P and risk management reporting to the business and regulatory authorities.

Build and maintain relationships with internal and external stakeholders.

Develop and monitor delivery on service level agreements made with clients and external stakeholders to ensure that client expectations are managed.

Competencies

Business acumen

Client/Stakeholder commitment

Drive for results

Leads change and innovation

Collaboration

Impact and influence

Self-awareness and insight

Diversity and inclusiveness

Policy
We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Group