Head of Legal and Company Secretary
Serve as the Chief Legal advisor for the Board of Directors and
the Bank, advisor on legal/regulatory and compliance risk management and
Secretary to the Board.
Administer the legal affairs of the Bank, provide in-house legal
research and advice, and manage relationships with external legal advisors for:
correct perfection of Bank’s securities
efficient management of the litigation portfolio
negotiation of agreements/contracts on behalf of the Bank
Coordinating all commercial legal related matters with the
Bank’s external counsel.
Providing legal advice to management and board as well as
identifying new or modified laws and regulations that may affect the Bank’s
business and advising management.
Evaluating legal risks posed by new business activities,
products etc. and advising management.
Assist in structuring of business transactions to minimize legal
Develop and maintain efficient and effective relationships with
external counsel, as well as review the performance of the panel of lawyers
against the agreed upon SLA’s.
Scrutinize of all credit and security documents to certify the
completeness and correctness
Preparing and reviewing contracts and other legal documents
(facility letters, chattels mortgages, SLAs, contracts)
Liaise with external lawyers for perfection of security and
maintain a bi-weekly schedule of outstanding securities
Custodian of contracts, certificates, licenses and other legal
Co-ordinate litigation for and against the company.
Keeping abreast of developments in Corporate Governance
practices and advice the business accordingly.
Serve as central liaison for all engagements with Regulatory
Review of all Bank’s standard documents from time to time
In charge of the bank’s Compliance
Support to Risk and Compliance by ensuring that Bank’s
procedures and laid down instructions are followed to minimize legal risks
Prepare legal risk reports when so required
Ensuring the regulator is updated promptly on changes in board
membership and direct reports to the managing director
Preparing the application for renewal of the different licenses
and policies, annually, within the prescribed time frame;
Coordinating board and management committee meetings, preparing
Board papers, managing attendance of the meetings and ensure minutes are kept
Preparing, distributing and co-ordinating the follow-up of
minutes and matters arising from board and other management committee meetings
Convening and servicing annual general meetings (AGM) meetings
(producing agendas, taking minutes; conveying decisions among other tasks.);
Providing support to committees and working parties such as the
Board of Directors, Board Committees, other banks committee;
Handling correspondence before and after meetings;
Providing legal/financial advice during and outside of meetings.
Secure client financial information and maintain the Bank’s
policy and procedure manuals
Attended to and resolved shareholders’ and directors’ queries
Education / Qualifications:
University degree – LLB from recognized university
Possession of Masters (LL.M, MBA is an added advantage)
Banking qualifications (AKIB, ACIB is an added advantage)
Advocate of the High Court
Experience/Background expected from the job holder:
An experienced Advocate of the High Court with good exposure to
wide complex commercial, conveyancing and debt recovery work pertaining to
Experience in general company secretarial duties
Exposure to general banking operations
Experience in dealing with different stakeholders and
diversified viewpoints, and ability to look at issues from multiple dimensions
Head of Risk and Compliance
for overseeing and implementing the Bank’s risk management and compliance
framework of the Bank.
Assess, Mitigate, Monitor and Report on industry dynamics that may /not impact
the Bank’s performance and/or risk exposures.
Line – Administratively to the MD and functionally to the Board Audit and Risk
Committee of the Bank
Oversee review and implementation of the Bank’s existing risk
management framework, and compliance with standard operating procedures by all
staff of the bank.
Champion the integration of risk management into the strategy of
Participate in all management committee meetings to provide
perspectives on Risk and Compliance for all deliberations.
Manage risk profile mapping for new products, processes and
procedures in compliance with company and regulatory policies.
Oversee and implement tracking of the following, and ensure that
the recommendations have been implemented within agreed time frame provided in
the inter-departmental service level agreements:
Control Self-Assessment reports
Oversee compilation of summary of Regulatory, Board, Group and
Management reports, statistics, trend analysis on overdue recommendations and
risk profiles monthly, quarterly and yearly.
Escalation of overdue recommendations to Executive management,
and review reports for monitoring risk of the Bank as may be required
Organize and monitor bank wide training on Business Continuity
Planning, Risk Management and Compliance, AML/KYC and CFT
Policies, Procedures and Processes review, tracking, updating,
Oversee, develop and implement Bank wide Risk Awareness Initiatives
Oversee implementation and tracking of Bank risk assessment
programs as required by regulations and the board of directors.
Identifying and developing Key Performance Indicators (KPI’s),
Key Risk Indicators (KRI’s), key controls and trend indicators as relating to
bank wide regulatory and internal risk and compliance requirements.
Assist with and coordinate the development of tools to identify,
assess, mitigate and monitor risk across the Bank.
Assume the role of the bank’s Money Laundering Reporting
Ensure that all mandatory reports are duly rendered by the Bank.
Ensuring a culture of compliance in the Bank
Assess and monitor compliance with all department and bank
policies, procedures and regulations to include
Know Your Customer and Anti-Money Laundering Policies.
Liaise with external regulators and law enforcement agencies on
the compliance responsibilities of the Bank and maintaining open, honest and
transparent relationship with these stakeholders;
Provide periodic reports to the Board and senior management to
keep them abreast of the compliance activities and regulatory developments
Ensure proper sanctions and PEP management by the Bank.
Receive reports of all suspicious activity on money laundering
from all staff of the bank
Report forthwith to the Financial Reporting Centre, any
transaction or activity that you have reason to believe is suspicious in the
form and manner prescribed by regulators
Receive disclosures, from all staff, of and take action on all
suspicious activity available to the bank so as not to delay the reporting of
Apply internal risk management procedures on suspicious
transactions once disclosures are received on the same
Monitor and ensure that all regulatory returns are duly rendered
by the relevant units of the Bank
Review all new products to ensure compliance with the AML/CFT
Recruit, motivate and assess the performance of the staff within
the Risk and Compliance unit of the bank.
The types/nature of problems/decisions that the jobholder must
refer to his superior for appropriate action.
Tracking of recommendations raised by Internal Audit,
Compliance, Risk and any other issues raised.
Feedback to Regulator, Group, Management, Departments, Units and
Bachelor’s degree, preferably in Commerce, Finance, Law or
5 to 8 years’ experience in financial services, of which at
least 4 years were in a managerial capacity within a risk and / or compliance
function. Investment management experience in an advantage.
A sound understanding of Enterprise Risk and Compliance
Management principles and philosophies.
Knowledge of the Kenya Financial Services Industry and
Prior experience of designing and implementing risk and
compliance management policies, procedures and processes.
Possess superior knowledge of credit, operational, market,
compliance and legal risk management best practices.
Capacity for sound judgment and the ability to think
Strong prowess of articulation and presentation required both in
the preparation of policies / strategies & presentation of the same to
Ability to analyse and interpret large volumes of data, An
ability to understand and interpret financial information and principles
Well-developed time management and organization skills including
the ability to manage competing priorities in a high-pressure environment.
Excellent leadership skills and experience, with an ability to
inspire loyalty and enthusiasm
are up to the challenge & fit the required profile, please apply
highlighting your qualification, experience and career aspirations match the
requirement for this position.
should be sent latest 16th August 2019 clearly indicating the position you are applying
for on the Subject to: firstname.lastname@example.org
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