The Lesotho PostBank. your only Basotho Bank invites suitably qualified Basotho Nationals to apply for the following vacant position:
Job Title: Chief Compliance Officer-Paterson, Grade E
Report to: Managing Director (Administratively), Board Risk and Compliance Committee (Functionally)
Location: Maseru
JOB PURPOSE
Under the direct supervIsIon of the Managing Director. the incumbent is responsible for effective and efficient management of the compliance function to ensure that the Bank complies with the Laws and Regulatory requirements applicable in Lesotho.
KEY RESPONSILITIES
- Continually monitors compliance with statutory requirements and provides strategic direction to management of compliance.
- Ensures that the Bank operates within the provisions of all applicable laws and regulations (e.g. Lesotho Companies Act 18 of 2011.Financial Institutions Act 3 of 2012) and keeping abreast with amendments and changes to legislation. then analyze how those amendments affect the Bank directly or indirectly.
- Provides continuous leadership, supervision. training, and development of the bank’s staff on compliance issues.
- Manages and assists in the establishment of procedures and processes to assist the Managing Director in managing various aspects of compliance.
- Prepares monthly and quarterly compliance reports for the department for Executive Management and Board of Directors meetings.
- Ensures that there are effective Anti-Money Laundering Processes and procedures in place.
- Ensures that the Banks policies are crafted in a manner that is responsive to compliance issues and considerations.
- Prepares and represents clear and concise compliance report to the Board.
- Ensures that the Bank is in line with all its regulatory obligations when crafting its processes and policies as well as its strategy.
- Oversees and monitors implementation of agreed non-regulatory compliance issues such as implementation of agreed decisions made by EXCO and its sub-committees as well as Board and its sub-committees.
- Monitors implementation of adherence to Policies and Processes as documented to conduct business within the Bank.
- Interacts with the regulator and FIU on compliance issues.
- Periodically revises the compliance plan considering the changes.
- Ensures compliance with the laws regulating the Banks.
QUALIFICATIONS
- LLB with Compliance.
- Chartered Banker/ Governance/ Compliance/ Risk/ Finance/ Economics.
- LLM Corporate Law/ Commercial Law.
- Post graduate Diploma in Compliance is required.
- Master’s Degree in Business/ Corporate Law will be an added advantage.
- 10 years’ experience in Law. Compliance or Risk management of which 5 years should be in a managerial role.
SKILLS, KNOWLEDGE AND ABILITIES
- Financial Institutions Act and its Regulations.
- Anti- Money Laundering Legislation.
- High integrity.
- Ability to communicate with diverse personalities.
- Leadership.
- Organised.
- Self-driven.
- Customer focused.
- People Oriented.
- Team player.
How to Apply
Applications (including names of three referees) accompanied by certified copies of relevant certificates should be emailed to
[email protected]/[email protected] or hand delivered to:
The People and Culture Office
Lesotho PostBank
Mafike House. 1st Floor
Private Bag A121
Maseru 100
The closing date for submission of applications is 22nd July 2023.
DISCLAIMER: ONLY SUCCESSFUL CANDIDATES WILL BE CONTACTED