Executive Manager, Risk and Compliance

Website National Bank of Dominica (NBD) Ltd.

Your Partner, Your Bank

Are you an experienced Risk and Compliance Professional? Then this role is for you!

The National Bank of Dominica (NBD) Ltd. is hiring an Executive Manager, Risk and Compliance with exceptional leadership skills who can effectively and efficiently manage the Risk and Compliance Department and Business Continuity Planning.

The Executive Manager, Risk and Compliance leads, manages, plans, and directs all aspects of the execution of risk and compliance department to achieve business objectives. The role requires that NBD and its subsidiary maintain a sound governance structure overall with oversight for the functioning of adequate credit, compliance, and operational risk and internal policy procedures, in addition to ensuring that the Bank is in full compliance with all applicable banking laws, including Eastern Caribbean Central Bank (ECCB) regulations.

Key Tasks and Accountabilities:

  1.  Works closely with the Board of Directors, Executive Management, and staff to plan and execute the Bank’s strategic and business plans and budgets to achieve the vision, mission, goals, objectives, and performance targets of the Bank.
  2. Monitors and reports on adherence to and consistency of strategic initiatives with Board-approved risk appetite framework, risk tolerances and risk profile, and on the effectiveness of the risk management and regulatory compliance frameworks.
  3. Develops and implements tactical plans for the Risk and Compliance Department that are aligned to the Bank’s budget.
  4. Sets the direction, targets and annual plans including the scheduling of risk and compliance reviews through discussions with relevant stakeholders ensuring alignment with business needs and strategies.
  5. Ensures that the Bank’s approved written risk management and compliance policies are consistent with its business strategies, capital strength, management expertise, and falls within the overall parameters of the relevant regulatory bodies.
  6. Reviews the Bank’s overall risk landscape, ensuring early detection of emerging risks that could materially impact the Bank.
  7. Formulates and oversees the implementation of appropriate Risk policies, mandates, risk appetite statement, and benchmarks for adoption within the business segments.
  8. Plans enterprise-wide risk assessments.
  9. Develops and oversees the risk management framework including credit, investment, market, operational and ethics and compliance risk, measuring risk and providing quantitative/qualitative analysis and commentary to the lines of business in risk measurement, modelling, and reporting.
  10. Reviews and reports on the Internal Capital Adequacy Assessment Process (ICAAP).
  11. Oversees all risk-taking activities to ensure that they are being conducted within an appropriate risk control framework.
  12. Conducts stress testing to facilitate the development of risk mitigation or contingency plans across a range of stressed conditions.
  13. Ensures that the Bank fully complies with the Money Laundering Prevention Act, and the various AML guidelines and proceeds of the Crime Act.
  14. Leads and oversees the Bank’s AML/CFT (anti-money laundering /counter-terrorist financing) CRS (common reporting standards), GDPR (general data protection regulation), and FATCA (foreign account tax compliance act) programme and ensures compliance with regulators’ standards and legislation.
  15. Provides oversight for the coordination of business continuity programme for the Bank.
  16. Plans and implements the BCP in conjunction with Executive Management covering plans for weather, fire, cyber-attacks, equipment failure, diseases/global pandemics, power outages, civil unrest, terrorism, strikes or sick outs, or supply chain disruption.
  17. Ensures adherence to Regulatory Compliance standards, Anti Money Laundering/Anti-Terrorist Financing and Bank policies and procedures for all products, services, and customer transactions.
  18. Addresses all assigned audit and compliance requirements by effectively responding to and/or taking corrective action on internal and external audits, regulatory agencies and/or risk department’s action items, and/or other approved action items within agreed-upon established timeframes.
  19. Manages employee performance and development by facilitating formal coaching, mentoring, training, and other opportunities for staff members.
  20. Supports events and initiatives that support the Bank’s corporate social responsibility.
  21. Works closely with ECCB, External Auditors and other internal assurance functionaries, providing information and assistance as approved and required, and communicating/sharing perspectives on risks, controls, and governance processes.
  22. Performs other duties as may be assigned.

 Minimum requirements:

  • A Master’s degree in Accounting, Banking and Finance, Business, Economics, Finance, Risk Management, Actuarial Science, or related fields from an accredited university.
  • Professional Risk Certification from Global Association of Risk Professionals or Professional Risk Management International Association, Certification for Professional Risk Manager or Financial Risk Manager and Professional Anti Money Laundering Specialist Certification.
  • At least five (5) years’ experience at a management level in the financial services sector in compliance, risk management, risk assessment techniques, bank and insurance regulations, accounting standards, AML issues within the financial industry.
  • Knowledgeable about the principles and guidelines relating to regulatory capital and regulatory framework for bank capital e.g., Basel requirements.
  • Sound knowledge of the principles, regulations, and Eastern Caribbean Central Bank regulations and guidelines.
  • Exceptional leadership and management skills with a focus on securing strategic partnerships, business planning, people, and financial management.
  • Meets the “Fit and Proper” requirements pursuant to Banking Act of Dominica No. 4 of 2015.
  • Possess a clean police record.
  • Experience in leading teams, the use of the Balance Scorecard Performance Management Tool and Strategic Planning would be an asset.

 Your profile should include:

  1. Strong leadership and change leadership skills.
  2. Strong strategic thinking and influencing skills.
  3. High-quality communications skills – verbal and written.
  4. Ability to generate independent thought, sound judgement, and initiative.
  5. Excellent organisational skills, meticulous and detail-oriented.
  6. Ability to work extended hours and change course in an unpredictable working environment.
  7. Sound risk assessment ability.
  8. Working knowledge of Core Director System would be an asset.
  9. Experience in Banking & Finance would be an asset.

A competitive salary and benefits package, commensurate with qualifications and experience will be offered to the selected candidate. Please email your resume and cover letter in confidence by June 2nd 2023  to the attention of Ms. Macina Bethel at mbethel@nbd.dm.

***Only shortlisted candidates will be contacted.

To apply for this job email your details to mbethel@nbd.dm

The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.