A Nigerian will head the compliance department of African Export-Import Bank (Afreximbank) after the Pan-African Multilateral Financial institution decided to upgrade its compliance function to a full department.
The Cairo-based bank placed Maureen Mba as the Director for the Compliance department, having been an Associate Director in charge of the Compliance Unit, as it then was, having assumed that position in 2017.
Prior to her current appointment, she was previously a staff of the Central Bank of Nigeria (CBN), where she worked in the Office of the Governor from 1986 to 1994.
She earned her MBA (General Management Emphasis) from City University, Bellevue, Washington, D.C., and a Bachelor of Science from the New York Institute of Technology, also in the US.
She also holds the Diplôme Approfondie in French Studies and Computing from the Chambre de Commerce de l’Exterieur/Cite Universitaire, Strasbourg, France, and a Diplome French from the Universite de Clemont Ferront, also in France.
She has attended numerous professional training programmes and holds several certifications in ethics, corporate governance and compliance.
What her job entails
Maureen Mba will be in charge of directing Afreximbank’s compliance functions and the strategic objectives related to compliance risk management.
Her responsibilities will include; implementing appropriate structures that allow for effective oversight of the Bank’s compliance landscape and strengthening existing capacity by ensuring that the Bank stays abreast of global trends with regard to ethics, corporate governance, and compliance risk management.
The African Export-Import Bank was established in October 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade.
The Bank was established under the twin constitutive instruments of an Agreement signed by member States and multilateral organizations, and which confers on the Bank the status of an international multilateral organization; as well as a Charter, governing its corporate structure and operations, signed by all Shareholders.
Afrexim which has its headquarters in Cairo, Egypt, commenced operations on 30 September 1994. It has branch offices in Harare, Abuja, Abidjan and Nairobi.