Branch Compliance & Legal Officer – Kismayo, Somalia

Job Title: Branch Compliance & Legal Officer

Location: Kismaayo

Reporting to: Chief Compliance and Legal o officer of Amal Bank

Position Summary

A compliance officer researches, implements, and monitors the areas of banking regulations and laws, banking policies and procedures and  to ensure that the company complies with its outside regulatory and legal requirements and existing internal policies and procedures.

Major Duties:

• Assist on the Development and revision of policies and procedures for the general operations of the Bank related to the compliance function and its activities to prevent illegal, unethical or improper conduct.
• Monitor and check daily branch transactions and activities
• Conduct on going due diligence on the existing clients.
• Exercises discretion and use of independent judgement with respect to matters of significance.
• Stays abreast of changes in regulation, guidelines, and best practices to inform the Bank’s Management of and provide information on compliance changes that may affect them.
• Assist various departments in evaluating policies and procedures for compliance with National laws and regulations.
• Assist in developing and presenting compliance training sessions for the Management and Employees.
• Identifies potential areas of compliance vulnerability and risk through analysis and assessment.
• Develops corrective action plans for problematic issues and provides guidance on resolution and future prevention and mitigation.
• Works with the Internal Auditor in functions involving compliance related issues
• Monitoring files of newly opened accounts, signs on the files the comply policies for its approval, and in instruct CROs for the completion of incomplete file.
• Monitor Financing files of the clients for their compliance with financing policies and procedure.
• Collect daily reports (STR &LTR) from cashiers.
• Train branch staff on AML/CFT and other policies.
• Closely work with collection department on by close monitoring defaulters and taking necessary Legal actions.
• Represent Amal Bank in Court cases.
• Maintain record keeping of all policies, procedure and legal documents
• obtaining an understanding of the management’s awareness, commitment, and   compliance   control procedures   for adherence to Laws and internal Policies.
• reviewing of contracts, agreements.
• Reviewing other information and reports such as circulars, minutes, operating and financial reports, form, policies, and procedures.
• Consultation/co-ordination with advisors such as external auditors.
• Ensuring new clients are not in sanctioned list.
• Discussing     findings with Amal Bank management in branch level.
• Conduct weekly meeting with other departments on compliance issues.
• Send weekly, monthly, and quarterly reports to the Chief compliance officer.

Required Skills:

• Strong understanding of financial institutions laws and regulations with applied experience in banking compliance.
• Should have license to take cases to courts (should be licensed Lawyer)
• Ability to read and understand technical and legal language
• Capable of digesting and interpreting a wide range of domestic and international regulatory requirements.
• Ability to plan, coordinate and conduct compliance monitoring and internal reviews.
• Ability to independently conduct research on consumer and banking regulatory law and provide interpretations or clarifications to compliance and business management.
• Excellent written and verbal communication skills English and Somali
• Strong working knowledge of general compliance issues.
• Ability to conduct trainings.
• Applied knowledge of Islamic financial products and services from simple current account to more complex project finance.

Education/Experience Requirements

• Recent experience in banking compliance.
• Legal and Sharia background
• Should be Practicing Lawyers

Amal Bank is an equal opportunity employer and offers a competitive compensation package commensurate with qualifications and experience.

Please submit a detailed cover letter and résumé no later than January 27, 2021 to

https://portal.amalbankso.so/jobs

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