Position Title: Senior Legal Compliance Officer
Employer: Cooperative Bank of Oromia
Employment: Full-Time | Permanent
Place of Work: Head Office, Addis Ababa - Ethiopia
Posted date: 9 months ago
Deadline: Submission date is over
Position Summary
The job holder is responsible for ensuring that the Bank operates within the applicable laws, regulations, and internal policies. The role involves advising management on legal and regulatory risks, assessing compliance issues, monitoring operations for potential violations, and ensuring corrective measures are taken. The officer plays a critical role in safeguarding the bank’s legal integrity and regulatory standing.
Key Responsibilities
- Monitor and interpret changes in laws, regulations, directives, and guidelines issued by regulatory bodies such as the National Bank of Ethiopia (NBE) and other authorities.
- Provide legal advice and guidance to management and business units regarding regulatory and compliance matters.
- Develop, review, and update internal compliance policies, procedures, and manuals to ensure they align with regulatory requirements.
- Conduct regular compliance risk assessments and recommend corrective action plans.
- Coordinate and conduct internal compliance audits and reviews across departments to assess adherence to legal obligations and internal policies.
- Support the investigation and resolution of compliance breaches, complaints, and misconduct.
- Liaise with regulatory bodies and ensure timely submission of required reports and disclosures.
- Prepare legal compliance reports for senior management and regulatory authorities.
- Conduct awareness and training programs for staff on regulatory compliance and legal risks.
- Support contract review, legal documentation, and policy formulation from a compliance perspective.
- Monitor and guide departments on Anti-Money Laundering (AML), Know Your Customer (KYC), and Combating Financing of Terrorism (CFT) policies.
- Collaborate with the Internal Audit and Risk Management units for integrated risk assessments.
- Ensure the organization’s compliance with corporate governance principles, labor laws, and banking regulations.
- Perform any other duties assigned by supervisor.
Qualification Requirements
- LLM Degree or LLB Degree in Law.
- 6 (Six) years of relevant experience in the position of Legal Compliance officer, Sharia Compliance Officer, Legal Attorney and other related positions. Banking experience is advantages.
Required Competencies
- Strong knowledge of Ethiopian financial and commercial laws, including NBE directives.
- In-depth understanding of regulatory and compliance requirements in the banking sector.
- Experience in contract analysis, policy formulation, and legal risk identification.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and high standards of accuracy.
- Excellent written and verbal communication skills.
- Ability to manage multiple tasks and work under pressure.
- Ethical, discreet, and committed to confidentiality.
- Team player with leadership and decision-making capabilities.
- Proficient in Microsoft Office applications and legal research tools.
