Job Description
Job Title: Managing Director/CEO – UK
Industry: Banking
Location: United Kingdom
Salary: Competitive Salary Package + Benefits
Purpose of the Role
The MD/CEO reports to the Chairman, Board of Directors and has overall responsibility for leading and directing the affairs of the Bank, including the development and implementation of the board approved business model, formulating strategies and ensuring policies and procedures are robust and adequate.
The MD/CEO has oversight of the Risk Management, Compliance and Regulatory framework of the Bank, which includes the identification of risks, ensuring plans and processes are in place to mitigate risks, and ensure that compliance with all Regulatory requirements The role also entails collaboration with the Board for the setting of targets for the Management team and, is accountable for the achievements of the targets.
The role is accountable for the delivery of the Strategic Business Plan and strategic objectives, ensuring enterprise-wide compliance with laws, regulations, board approved risk appetite, Policies and Procedures. Furthermore, the MD/CEO is accountable for ensuring that all commercial decisions e.g. product, market, customer, scope or process, receive appropriate due consideration and follow due process.
The role facilitates the delivery of the Business Plan and strategic objectives within the context of the organisational capabilities, business environment, UK legislation and regulations.
Responsibilities:
1. In partnership with the Board, the MD/CEO is responsible for shaping the organizational culture, for fostering a strong ethical and risk culture and ensuring the alignment of behaviours across the institution that align with the Company’s core values, vision and mission.
2. In partnership with the Company Secretary, the MD/CEO facilitates the effective operation and administration of the Board by providing timely and accurate, information and reporting on any risks, issues or relevant matters for effective control and decision making.
3. The MD/CEO communicates on behalf of senior management to the Board and Head Office, reporting on the progress of the Bank and the business activities being undertaken and facilitates communication between the Board and other stakeholders, including staff, shareholders and customers on one hand and, between the Head Office and the subsidiary.
4. Accountable for the dissemination to staffs, all the relevant policies and procedures in place and communicates the impact of changing legislation/regulation/business environment and the effect on the Bank’s policies, which may affect current business and future business development.
5. Coordinates with functional heads of the business to ensure the smooth running of the Bank and oversees:
6. Compliance function: to ensure that the Bank remains compliant with UK/EU legislation and that all Anti Money Laundering and Financial Crime rules and regulations are complied with.
7. Risk Management function: to assess the principal risks facing the Bank and to ensure that these risks are monitored, managed, and mitigated against and in accordance with the Board approved Risk Appetite Statement.
8. Finance function: ensuring that expenditure within the authorised annual budget of the Company and accurate financial, management and regulatory reporting.
9. Legal & Company Secretarial function: ensuring that all legal risks are adequately identified and covered; and ensuring that the Bank’s governance structure is robust and in line with best practices and market/regulatory expectations in the UK.
10. Human Resources function: ensuring that the Bank’s most critical assets – the employees – are structured, organized and supported through a strong HR framework and approach.
11. IT function: to ensure that effective management information systems are in place to provide accurate data for decision making and for accurate processing of transactions.
12. Operations: to ensure that end to end transaction processing follows best practices and minimizes manual interventions and operational losses.
13. Treasury: to ensure that the Bank adheres to all regulatory and internal liquidity and capital ratios; and that the Bank effectively manages its cash and liquidity positions.
14. Oversees all business functions to make sure effective strategic and tactical functional policies are developed and applied, with supporting procedures and end to end processes put in place. Ensuring that business and revenue targets are met by all business areas within the Bank.
15. Coordinates with all teams to affect a strong client focus and customer-oriented business model.
16. Leads from the top and sets the tone for the Bank, focused on instilling the Bank values across the organisation.The MD/CEO is empowered to make major business decisions in line with the Governance frameworks of the Bank, appraising suitable options, and determining the best outcome for the Bank as mandated by the Board
17. Working closely with HR, the MD/CEO is responsible for ensuring staff have access to training and development opportunities, supported by policies and protocols that encourage ongoing learning and career development.
18. The MD/CEO ensures all relevant staff remain aware of their corporate, personal, customer and regulatory obligations, responsibilities, and accountabilities always.
19. Ensures the required infrastructure and resources to facilitate the business plan are in place, ensuring that the correct people, systems, and financial resources are available and deployed to maximize return.
20. Provides strong leadership in the Bank and leads by personal example, walks the talk, encourages all employees to conduct themselves in line with the Bank’s values and culture, ethical standards and acceptable standards of behaviour.
21. Manages and supervises the activities of the senior management team ensuring proper execution of tasks, achievement of expected results in line with strategy and taking remedial action where necessary.
22. Performs a leadership role in driving the performance of the Bank, setting annual targets, reviewing annual performance, identifying areas of concern and developing remediation plans.
23. Develops, formulates, and communicates a clearly defined business strategy, vision and supporting polices, which are cascaded to the senior management team for execution.
24. Oversees recruitment, retention, and disengagement, in conjunction with Head of HR, to ensure the company is appropriately organised and resourced, with staff who possess the requisite skills, expertise and knowledge.
25. Ensures that Bak meets and adheres to all its statutory, regulatory, and legal requirements, under UK and EU laws and regulations.
26. Participates in and is involved in training and development initiatives as approved by the BNGC.
27. Ensuring that in cases of planned absence from the office, responsibilities are delegated to approved, nominated cover for the role ensuring they are briefed and trained sufficiently in advance on the tasks and responsibilities involved, including providing handover documentation to enable the replacement member/s of staff to execute the role successfully.
28. Provides oversight of the Senior Managers Regime process including implementation, ongoing review and updating considering future developments and ensuring relevant senior management and certified individuals are identified and the SMFs have the requisite approvals with the Regulators in place.
Regulatory Responsibilities and Accountability:
The MD/CEO’s assigned and delegated responsibilities under the Senior Managers and Certification Regime (SMCR), including all relevant Prescribed Responsibilities (PRs), Overall Responsibilities (OvRs), and Other Responsibilities (OtRs), are comprehensively detailed in UBA UK’s Firm Responsibility Map (FRM). This map forms part of the Bank’s governance framework and is maintained in accordance with regulatory expectations. It outlines the specific areas of responsibility allocated to the MD/CEO and reflects the delegation of duties in line with UBA UK’s operating model and regulatory obligations. The MD/CEO is expected to discharge these responsibilities in a manner consistent with the Bank’s standards, values, and the requirements of the UK regulatory framework.
Senior Management & Certification Regime (SMCR) – FCA/PRA
Senior Management Functions
SMF 1 - The function of having responsibility, under the immediate authority of the Board, alone or jointly with others, for carrying out the management of the conduct of the whole of the business of a firm.
Experience required
Technical
In-depth knowledge and experience of:
29. Business in UBA UK’s Core markets of Sub-Saharan Africa and the United Kingdom.
30. Leadership experience in a multinational institution.
31. Risk management and Compliance oversight
32. Financial services sector with expertise in regulatory engagement
33. UK banking regulations (FCA/PRA)
34. Absence of adverse regulatory recorMinimum of three (3) years’ experience in a regulated financial institution at Senior Executive capacity such as CEO, Deputy CEO, Executive Director, CFO, COO or CMO.
35. Developing and executing strategic plans
36. Cross functional and leadership experience at a Senior Management level in a minimum of 3 of the following functional areas
37. Strategy and Business Planning
38. Business Development
39. Risk Management
40. Finance
41. Banking Operations, Product Sales and Fulfilment e.g. Transaction Banking products and Treasury products
General
General experience and background experience for successful execution of the role
42. Banking experience, particularly in a UK-based, foreign-owned institution
43. Emerging markets experience
44. Stakeholder management and engagement at Board level
45. Leadership, team building, and people management
46. Decision making, critical thinking, and problem solving o Strategic outlook and vision
Qualifications/Education/Training
Essential
47. Degree educated – honours level or equivalent
Desirable
48. Member of a relevant professional institute. Post-graduate business or management qualification e.g. MBA
Key Competencies
Market Knowledge
Awareness and understanding of the wider business, economic and market environment in which the Bank operates:
49. Knowledge of the competitive environment the Group operates in – countries, customer and competitors – and any legal/compliance/regulatory implications associated.
50. Knowledge of the regulatory and legislative developments affecting the UK and African banking markets that the Bank operates in.
51. Identify potential areas for expansion – new markets, products, clients
Customer Focus
Awareness and understanding of the Bank’s customer needs and requirements:
52. Ensure that our customers are central to our decision-making process
53. Ensure that all products and services offered are transparent, appropriate and fully understood by our customers
54. Ensure that all customer journeys are efficient, effective and monitored to ensure appropriately satisfactory outcomes are achieved.
Business Strategy & Business Model
Awareness and understanding of the Bank business strategy:
55. Establish a sustainable Business Model supported by clear strategies and plans and oversee their implementation.
56. Ensure that the Bank wide business continuity plan tested and maintained.
Risk Management & Control
Identify, assess, monitor, control and mitigate risks to the Bank:
57. A clear risk appetite statement developed and approved by the Board to evaluate all business decisions against.
58. Assess the principal risks facing the Bank and ensure that they are monitored, managed and mitigated against.
59. Ensure that there are effective risk management strategies, framework, personnel and internal controls and management oversight in place to address risks.
60. Utilise Key Risk Indicators (KRI’s) to flag risks.
61. Instil a risk aware culture throughout the organization.
Financial Analysis & Costs
Interpret the Bank’s financial information, to identify key issues based on this information and to put in place appropriate controls and measures:
62. Keep expenditure within the annual authorised budget through prudent management, minimising costs and maximising returns on shareholder investments
63. Develops and signs off on budgets and tracks major expenditures
64. Utilise MIS to manage business effectively and make informed decisions.
Governance Oversight & Controls
Assess the effectiveness of the Bank’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, to oversee changes in these areas:
65. Attend Committees as directed by the Board and lead the executive team to ensure effective governance of the Bank.
66. Confirm sufficient adequate controls in place in each function, identifying weaknesses and ensuring process to rectify is put in place.
Regulatory Framework & Requirements
Awareness and understanding of the regulatory framework in which the Bank operates and the regulatory requirements and expectations:
67. Ensuring the Bank is compliant with UK legislation and regulations
68. Compliance with the Senior Managers and Certification Regimes
69. Comply with FCA and PRA conduct rules
Per Regulators Conduct Rules
70. Acts with Integrity,
71. Acts with due skill, care and diligence.
72. Must be open, transparent and cooperative with the FCA, PRA and other regulators.
73. Pays due regard to customers interests and treats them fairly.
74. Observes market conduct standards.
75. Ensures reasonable steps are taken to
o ensure that the business of the firm for which the MD/CEO
is responsible for Is controlled effectively.
o ensure the business of the firm for which the MD/CEO is
responsible complies with relevant requirements and
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