Officer, Compliance Job at The Development Bank of Rwanda(BRD) - Career Opportunity in Rwanda

Vacancy title:
Officer, Compliance

[ Type: FULL TIME , Industry: Banking , Category: Admin & Office ]

Jobs at:

The Development Bank of Rwanda(BRD)

Deadline of this Job:
27 August 2021  

Duty Station:
Within Rwanda , Kigali , East Africa

Summary
Date Posted: Monday, August 23, 2021 , Base Salary: Not Disclosed


JOB DETAILS:

Job Information
Client Name: The Development Bank of Rwanda(BRD)
Industry: Banking
City: Kigali

Job Description
The Development Bank of Rwanda is Rwanda’s only National Development Bank mandated to support Rwanda’s development goals. Over the last years, the bank has undergone substantial reorganization aimed at positioning it as an “innovative and sustainable provider of development finance for socio-economic impact”.
Purpose of the Job
The purpose of the job is to identify, measure, control and manage compliance risk and ensuring the bank is in compliance with internal regulations and regulatory framework

Main Responsibilities of the Job
• Identify, assess & document internal control deficiencies and regulatory exceptions and notifies the Compliance Manager of identified areas that need improvement or correctional training
• Carry out assessments to identify areas of potential compliance risks in order to implement preventive/corrective strategies to address compliance issues
• Ensure Implementation of the internal policies and procedures while maintaining thresholds set;
• Ensure that all required periodic returns are reviewed and submitted in the time frame required;
• 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.
• Review and monitor changes in legislation that impact the Bank and its operations;
• Assesses the appropriateness of the bank’s compliance procedures and guidelines, promptly follow up any identified deficiencies and where necessary, formulate proposals for remediation;
• Monitor and test compliance effectiveness by performing compliance testing/auditing.
• Produce periodic compliances report

Working Relationships
BRD All departments

Requirements
• Minimum of a university degree in accounting, finance or related discipline;
• He/she shall have minimum experience of 5years in Banking with at least 1year in bank risk and/or compliance management;
• 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;
• Ability to interpret: There are very few black-and-white laws, regulations 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 laws and regulations;
• Risk assessment capabilities. The officer should be able to assess the alternatives and make 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;
• 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 front-line staff to the CEO and board of directors. Having compliance expertise adds little value if it can’t be communicated effectively

Core Competencies
• Knowledge of Banking regulatory requirements;
• Knowledge of Banking policies and procedures
• Knowledge and understanding of compliance risk management process
• Positive attitude, results oriented with ability to work under pressure to deliver
• Proficient communication and interpersonal skills in Risk and compliance Management, project implementation and appraisal skills;
• Stakeholders’ relationship management
• Data manipulation and analytical skills since the job requires to deal with various data with deeper analysis
• Assessment and interpretation skills Be flexible to carry out any other reasonable task as requested by the management

Work Hours: 8


Experience in Months: 60

Level of Education:
Bachelor Degree

 

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Job application procedure

Use the link below to apply for the above job
Link: https://bit.ly/3842s23


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Job Info
Job Category: Accounting/ Finance jobs in Rwanda
Job Type: Full-time
Deadline of this Job: 27 August 2021
Duty Station: Kigali
Posted: 23-08-2021
No of Jobs: 1
Start Publishing: 23-08-2021
Stop Publishing (Put date of 2030): 23-08-2050
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