Head of Compliance

Established in 2003, FMFB-T was the first commercial bank in Tajikistan with principal focus on the provision of microcredit lending. FMFB Tajikistan is a part of the Aga Khan Agency for Microfinance (AKAM) Network, an international family of banking institutions in 11 countries across the globe. The Bank offers a supportive, team-oriented environment where professionals are given the right training, mentorship and opportunity to advance their career.

The First MicroFinance Bank is seeking to hire qualified, motivated and experienced professional for the position of Head of Compliance for its head office in Dushanbe.

Main duties and responsibilities:

  • Coordinate to develop compliance policies, plans, strategies and programs to ensure that the bankТs operations comply with Prudential Regulations, provisions of existing laws and regulations and the bankТs own policies and procedures.

  • Coordinate to assess the effectiveness of the compliance policies, plans, strategies and programs and continuously improving them through establishing, monitoring and reviewing methods and feedback mechanisms for the bank.

  • Keep up-to-date with changes in the regulatory environment and assessing the impact of changes on the bank.

  • Design & Implement key databases, system support to track & monitor bank wide Compliance framework.

  • Establish cost effective framework for on spot review of regulatory and legal compliance in branches through Compliance/Risk officers designated down the line.

  • Ensure guidelines for УKYCФ and УAnti Money LaunderingФ, CTR, Laws and regulations and etc. are updated and enforced bank wide for implementation Monitor the changes in legislation concerning AML/KYC.

  • Coordinate to establish and maintain contact with key regulatory agencies.  Keeping liaison with NBT concerning issues related to compliance.

  • Implementing compliance with internal and external audit observations for all the branches and Head Office.

  • Prepare periodic reports on compliance for Board or its designated committee(s).  Monitor and coordinate to report breaches & weaknesses to CEO/CRO and other related departments / Areas /Regions and come up with suggestions on remedial measures.

Requirements:

  • Degree in Economics, Finance or Banking;

  • Thorough knowledge of Microfinance prudential and statutory regulations

  • Ability to design mechanism to identify noncompliance and put in place mechanism to assure compliance

  • Working  knowledge of KYC and AML compliance

  • Working knowledge of instructions of local regulatory authorities

  • Overall Market and competitor knowledge

  • Ability to judge data relationship and detect misreporting & frauds

  • Knowledge of Microfinance market niche &  Microfinance products

  • Working knowledge of banking computer based software & systems

  • Effective Interpersonal Skills, Communication and Team Building abilities

  • Ability to withstand and handle business pressures

  • Excellent Tajik and English language skills.

Submission instructions:

Interested applicants should send their resume and cover letter no later than December 29, 2017 to hr@fmfb.com.tj Please mention the position title in the subject line. Applications without cover letter will not be considered. Only short listed candidates will be contacted for the interview.

The First MicroFinance Bank, Tajikistan is an equal opportunity employer and does not discriminate on the basis of gender, race, ethnicity or religion.