√ protect the company from risks that could interfere with the company's objectives and goals and mitigate risk where it is unavoidable.

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√ ensuring the company complies with its own operating policies and procedures. o Overseeing and monitoring the implementation of the compliance program

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√ Reporting on a regular basis to the Managing Director on the progress of implementation, and assisting these components in establishing methods to improve efficiency and quality of services, and to reduce the vulnerability to fraud, abuse, and waste

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√ Periodically revising the program in light of changes in the needs of the organization, and in the law and policies

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√ Developing, coordinating, and participating in a multifaceted educational and training program that focuses on the elements of the compliance program, and seeks to ensure that all appropriate employees and management are knowledgeable of, and comply with regulatory standards

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√ Ensuring that independent contractors and agents who provide services to the business are aware of the requirements of the compliance program

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√ Coordinating internal compliance review and monitoring activities, including periodic reviews of departments

 

√  Responding to regulatory investigations and queries as the principal point of contact

 

√ Independently investigating and acting on matters related to compliance, including the flexibility to design and coordinate internal investigations (e.g., responding to reports of problems, 'hot-line' calls, or suspected violations) and any resulting corrective actions

 

√ Developing policies and programs that encourage managers and employees to report suspected fraud and other improprieties without fear of retaliation. To develop the whistle blowing policy

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b. Internal Control:

√ Facilitate the completion of comprehensive operations process and policy documentation for the company

 

√ Conduct design and quality assurance testing as required to ensure readiness for regulatory compliance

 

√Check all registers against General ledgers - teller balance , vault balance , call over register and scroll register

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√ Check credit documentations including credit review minute files to ascertain adequacy of information

 

√ Check reconciliation proof sheets to see that it is up to date

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√ Check all CAMEL ratios in the management accounts to ensure that they are within standard threshold

 

√ Check the ALCO file containing the minutes and reports to see that they are up to date , Reasons for differences and variances also articulated in the minutes