Senior Auditor (Legal and Regulatory Compliance) (1 Position(s))
Job Location :
Head Office
Job Purpose:
Responsible for supporting the Audit Manager by leading and coordinating all phases of audit assignments, including the planning, execution, and reporting stages, to ensure audit objectives are effectively met and reviewing the bank’s legal practices to ensure compliance with applicable laws, regulations, and internal policies by evaluating legal risk management frameworks, assessing adherence to banking laws, Tax laws, anti-money laundering (AML) requirements, data privacy regulations, and other relevant compliance standards.
Main Responsibilities:
- Lead audit assignments by identifying and communicating key risks, including fraud risks, to team members.
- Prepare audit plans, overseeing fieldwork, and delivering comprehensive reports with actionable recommendations.
- Identify and analyze potential legal risks across various areas such as contract management, litigation processes, regulatory investigations, and governance structures.
- Supervise and review the work of team members, provide coaching and support to ensure quality outcomes.
- Assess the effectiveness of the bank’s legal risk management and compliance frameworks, ensure adherence to applicable laws and regulations (e.g., AML/KYC, data privacy, banking laws).
- Examine contracts, agreements, legal disputes, and litigation processes for compliance with legal and regulatory standards and internal policy and processes.
- Evaluate legal and regulatory reporting processes and review documentation for accuracy, completeness, and compliance.
- Perform comprehensive reviews of internal controls, governance structures, and compliance with relevant regulations.
- Identify root causes of risks and recommend actionable improvements to address control weaknesses.
- Assess risks associated with litigation, regulatory investigations, and ongoing legal cases.
- Liaise with process owners throughout the audit assignment to ensure transparency and collaboration.
- Lead discussions with stakeholders to clarify audit observations and agree on actionable plans to address identified control gaps.
- Draft high quality audit reports and management letters highlighting key findings and recommendations.
- Ensure all audit workpapers are thoroughly documented, reviewed, and signed off in Teammate.
- Assist the Team members in addressing review points raised by audit managers or senior audit managers.
- Foster a collaborative team environment to enhance performance and skill development.
- Provide leadership to the audit team in audit assignments through reviewing the work of team members, raise review points and ensure the review points have been cleared.
- Provide regular feedback and training to junior auditors on areas that need improvement.
- Provide expert advice on legal and regulatory matters to management, other departments as well as fellow Internal Auditors.
- Improve technical knowledge as well as soft skills through self-learning or training including mandatory CPE requirements.
- Be an expert in banking operations and legal matters and sharing knowledge with the audit team and peers in the business through presentations.
- Conduct training sessions on legal and regulatory compliance for staff and management.
- Stay updated on changes in laws and regulations that may affect the organization.
Knowledge and Skills:
- Strong background in legal and regulatory compliance.
- Leadership skills, in particular ability to lead and motivate teams towards a common goal
- Proficiency in identifying, assessing, and mitigating risks within the banking environment.
- Understanding credit risk, market risk, operational risk, Legal and compliance risk.
- In-depth understanding of banking laws and regulations, such AML/CFT/CFP, and other relevant compliance requirements.
- Knowledge of internal control frameworks and the ability to evaluate the effectiveness of a bank’s internal controls and governance practices.
- Knowledge of applying internal audit standards (IPPF) to perform value adding internal audit standards.
- In-depth knowledge of legal and regulatory requirements, compliance standards, and corporate governance.
- Strong analytical skills to interpret legal documents and assess compliance risk.
- Excellent communication skills to effectively liaise with legal and regulatory bodies.
- A strong ethical foundation to ensure integrity and objectivity in auditing practices.
- Meticulous attention to detail to spot errors or discrepancies that could indicate non-compliance or financial risks.
- Commitment to ongoing education and professional development to stay current with best practices and emerging trends in compliance auditing.
- Mastery in using Microsoft Office package such as Excel, Word, PowerPoint, Microsoft Visio etc.
Qualifications and Experience:
- Bachelor’s degree in Law, Legal Studies, or related fields in addition to Accounting or Finance.
- Must be a registered advocate with Tanganyika Law Society (TLS)
- Possession of professional qualifications, i.e. CIA, CPA, CISA, ACCA, CRCM, or equivalent will be an added advantage.
- At least 3 years’ experience in accounting, legal and regulatory auditing within the banking sector.
- Experience in legal compliance, regulatory audits, or working within a legal department.NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.Only shortlisted candidates will be contacted.
Job opening date : 30-Jun-2025
Job closing date : 14-Jul-2025
How to Apply:
Job type Full-time Job, To submit your application, please follow the link provided below.
