Compliance Manager

Regulatory Compliance Management: • Monitor compliance with CBN regulations, Prudential Guidelines, AML/CFT regulations, NDIC requirements, and other applicable laws. • Ensure the Bank's operations, products, and services comply with regulatory requirements. • Advise Management on emerging regulatory developments and compliance implications. • Coordinate implementation of new regulatory requirements across the Bank. Compliance Monitoring & Testing: • Develop and implement an annual compliance monitoring plan. • Conduct periodic compliance reviews and testing across departments. • Identify compliance breaches and recommend corrective actions. • Track and follow up on remediation of identified compliance issues. Anti-Money Laundering (AML/CFT) Compliance: • Serve as the Bank's AML/CFT Compliance Officer where applicable. • Monitor compliance with KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements. • Review and monitor suspicious transactions and unusual activities. • Ensure timely filing of Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) as required. • Coordinate AML/CFT training and awareness programs. Policy & Regulatory Advisory: • Review and update compliance-related policies and procedures. • Provide compliance guidance to departments on operational and regulatory matters. • Participate in product reviews and new business initiatives to ensure regulatory compliance. Regulatory Reporting & Liaison: • Coordinate regulatory examinations and compliance reviews. • Act as liaison between the Bank and regulatory authorities on compliance matters. • Prepare and submit regulatory compliance reports as required. • Ensure prompt resolution of regulatory observations and findings. Consumer Protection & Ethical Conduct: • Monitor adherence to consumer protection requirements and fair treatment of customers. • Investigate compliance-related complaints and ethical concerns. • Promote ethical business conduct and compliance awareness throughout the Bank. Compliance Training & Awareness: • Develop and implement compliance awareness programs. • Conduct regular training on AML/CFT, KYC, regulatory requirements, whistle-blowing, data privacy, and ethical conduct. • Foster a culture of compliance and accountability across the organization. Governance & Board Reporting: • Prepare periodic compliance reports for Executive Management and the Board. • Report significant compliance breaches and regulatory concerns promptly. • Support Board Committees with compliance-related information and updates. Requirements ∙ Bachelors degree in Law, Banking & Finance, Accounting, Economics, Business Administration or related discipline ∙ Minimum of 3-5 year experience in Compliance, AML/CFT, Internal Control, Risk Management, Audit or related function ∙ Experience performing above roles in a digital banking environment is important to being successful on this role ∙ Relevant Professional certification is an added advantage, CIBN (MCP) certification is important. Where not available, there must be commitment to certification within the first year of employment ∙ Strong knowledge of CBN regulations, AML/CFT laws, BOFIA, NDPR and microfinance banking operations ∙ Previous and proven usage of Microsoft office, accounting and core banking solutions is essential for the role holder ∙ Experience working with start-up is an advantage but not compulsory . Excellent verbal and written communication and presentation skills are required