Compliance Officer

Responsibilities:

• Monitor the bank’s operations to ensure compliance with applicable laws, CBN regulations, and internal policies.
• Develop, review, and implement compliance policies, procedures, and internal controls.
• Ensure adherence to Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Know Your Customer (KYC) requirements.
• Conduct periodic compliance reviews and identify potential regulatory breaches or operational risks.
• Prepare and submit regulatory reports and returns within stipulated deadlines.
• Monitor changes in banking regulations and advise management on their implications for the bank’s operations.
• Investigate compliance breaches, document findings, and recommend appropriate corrective actions.
• Collaborate with internal audit, risk management, operations, and other departments to strengthen compliance practices.
• Conduct compliance training and awareness sessions for staff.
• Maintain accurate records of compliance activities, investigations, regulatory correspondence, and audit findings.
• Follow up on identified compliance gaps to ensure timely resolution.
• Support regulatory examinations, internal audits, and external inspections.

Requirements:

• Bachelor’s degree in Accounting, Finance, Banking and Finance, Business Administration, Law, or a related field.
• Minimum of 3 years of relevant experience in compliance, risk management, internal control, or regulatory affairs within the banking or financial services sector.
• Good knowledge of CBN regulations and compliance requirements applicable to microfinance banks.
• Understanding of AML/CTF regulations, KYC procedures, and financial crime prevention.
• Professional certifications in compliance, risk management, anti-money laundering, or related fields will be an added advantage.
• Strong analytical, investigative, and problem-solving skills.
• Excellent written and verbal communication skills.
• High level of integrity, confidentiality, accuracy, and attention to detail.
• Proficiency in Microsoft Office applications and the ability to prepare clear compliance reports.

Key Competencies:

• Regulatory knowledge and compliance monitoring
• Risk assessment and internal control
• Report writing and documentation
• Analytical thinking and problem-solving
• Professional ethics and confidentiality
• Communication and stakeholder management
• Time management and attention to detail

Remuneration: NGN 250,000 Net Monthly

Location: New Kenyatta, Ugwuaji, Enugu