Risk & Compliance Manager

Job description

Public Service Pension Trust Fund (PSPTF) is an Institution that was established in compliance with the Pension Act (CAP 55:02) to oversee the administration of the Public Service Contributory Pension Scheme. The Fund is now inviting applications from suitably qualified Malawians to fill the following vacant positions that exist at the Secretariat Office. The successful candidates shall be appointed on contracts renewable every 3 years upon successful performance.Risk & Compliance ManagerGrade                   : PTF2Division                          : Risk and ComplianceLocation                : SecretariatReporting to                   : Principal OfficerDirect Supervisees        : Risk Officer  : Compliance OfficerPURPOSE OF THE JOBThe Risk & Compliance Manager is responsible for developing, implementing and monitoring the Pension Fund’s Enterprise Risk Management (ERM), compliance and business continuity frameworks. The role safeguards the Fund’s assets, members’ benefits and reputation by embedding sound risk governance, regulatory compliance (including Anti-money Laundering / Countering the Financing of Terrorism), and resilience practices across the organisation.KEY DUTIES AND RESPONSIBILITIES Annual Business PlanningContributes to the development of short- and long-term Fund strategy with strong risk and compliance integration.Develops, reviews and monitors execution of the Risk and Compliance Strategy.Aligns the functional business plan with the Fund’s overall strategy.Cascades the annual plan into quarterly and monthly deliverables.Risk & Compliance GovernanceImplements an Enterprise Risk Management (ERM) framework aligned to pension industry corporate governance standards.Establishes and continuously improves a consistent operating framework for the identification, management, monitoring and reporting of risk and compliance issues.Develops and updates risk and compliance policies, procedures and programmes aligned with the Enterprise Risk Management framework and applicable pension regulations.Supports engagement with pension regulators, trustees, auditors and industry bodies on risk and compliance matters.Establishes a risk champions/coordinators network across the Fund.Compliance and Anti-money Laundering / Countering the Financing of Terrorism ManagementAssists business units in establishing and embedding a culture of compliance.Champions and ensures that a culture of compliance with Anti-money Laundering / Countering the Financing of Terrorism requirements is embedded within the Fund.Manages the execution of the second line monitoring and assessment programme for Anti-money Laundering /Counter-Terrorism Financing (AML/CTF).Improves and maintains Anti-money Laundering /CTF policies and procedures.Provides compliance reporting to ensure the completion and proper analysis of suspicious activity reports.Ensures detailed and prompt investigation of all Anti-money Laundering /CTF incidents and cases.Maintains a proper register of all incidents reported internally and externally.Aids in the improvement of tools used to monitor, analyse and report suspicious activity.Monitors the performance of the compliance programme on an ongoing basis and takes steps to improve its effectiveness.Identifies applicable pension, financial services and Anti-money Laundering / Countering the Financing of Terrorism legislation, regulatory directives, rules and regulations, and analyses their impact on the Fund’s processes, projects and products.Ensures internal policies do not contravene current or proposed legislation, regulatory directives, rules and regulations.Reports compliance breaches to the Principal Officer and Risk & Compliance Committee on a monthly/quarterly basis.Prepares and implements compliance risk management plans covering the Fund’s external and internal compliance universe and assists with the monitoring of that compliance universe.Prepares compliance monitoring reports and impact analyses of new laws, directives and regulations affecting the Fund.Formulates and implements the Fund’s annual compliance plan.Develops and implements compliance risk monitoring tools to assess the adequacy of controls for identified compliance risks and prepares training materials for compliance awareness sessions.Prepares and submits regulatory reports to the Registrar of Financial Institutions through the Principal Officer.Risk Management Context and ProcessDefines and communicates the Fund’s risk appetite and tolerance levels.Monitors emerging risks and adju

Requirements

Apply by email: vacancies@psptf.mw