- Manage the execution of the Bills for Collection, PAAR Processing, and Form M Processing functions, ensuring alignment with the bank’s goals, strategies, and regulatory obligations.
- Oversee the end-to-end process management, ensuring all operational targets and compliance standards are met.
- Coordinate and oversee the Bills for Collection process, products, and functions, ensuring all collection and payment procedures comply with collection order terms and conditions.
- Lead the enforcement of compliance with the Foreign Exchange Manual and International Uniform Rules for Collection.
- Supervise mandatory compliance with regulatory forms (Form M) registration, shipping documents delivery/collection, Bill of Exchange acceptance, PAAR issuance and delivery, and Exchange Control document processing.
- Ensure timely and accurate delivery of reports and other regulatory returns to stakeholders.
- Supervise the timely issuance and delivery of PAARs in accordance with regulatory requirements.
- Coordinate engagement with external regulators and stakeholders to ensure smooth PAAR processing and compliance.
- Provide leadership in the PAAR reconciliation process, ensuring accuracy and compliance with exchange control guidelines.
- Oversee the process of Form M registration, ensuring adherence to exchange control regulations.
- Coordinate with relevant departments to ensure proper processing and documentation for Form M submissions and approvals.
- Oversee the preparation and timely submission of regulatory reports, returns, and ad-hoc filings for all three units (Bills for Collection, PAAR Processing, and Form M Processing).
- Monitor changes in regulatory frameworks and ensure processes and policies are updated to maintain compliance.
- Manage relationships with external stakeholders, including regulators, local and foreign counterparts, to ensure smooth operational processes.
- Lead discussions with internal and external stakeholders to develop and enhance products, technology platforms, and operational strategies for improved service delivery and compliance.
- Oversee the identification, management, and mitigation of operational risks within the Exchange Control and Regulatory Reporting functions.
- Ensure that risk controls are implemented across all units, conducting periodic risk assessments and collaborating with risk management teams to implement corrective actions.
- Supervise the daily and periodic reconciliation of Nostro, GL, and Suspense accounts, ensuring open items are promptly resolved and accounted for.
- Ensure reconciliation processes align with regulatory and bank standards.
- Lead, mentor, and develop team members to create a high-performing, cohesive team, while driving capacity enhancement, skills development, and knowledge transfer initiatives to ensure the team remains up to date on regulatory changes and operational best practices.
- Identify opportunities for process optimization and continuous improvement within, leading initiatives to enhance operational efficiency, compliance, and overall service delivery in line with the bank’s strategic goals.
- First Degree in any discipline
- Trade Certification (CDCS, CSDG, CITF)
- Master’s degree and other professional certification (added advantage)
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