Head, Compliance
Unified Payment Services Limited
Accounting, Auditing & Finance
IT & Telecoms
NGN
600,000 - 900,000
Easy Apply
1 month ago
Job Summary
The Head of Compliance oversees the activities of the Compliance team and guides them to implement UP's Compliance strategy and Compliance Program, highlight any deficiencies, and suggest improvements in current compliance processes, systems, and procedures.
- Minimum Qualification : Degree
- Experience Level : Senior level
- Experience Length : 8 years
Job Description/Requirements
Responsibilities:
Regulatory and Compliance Management:
- Contribute to the design and implementation of a Compliance program and Work with regulators and internal management to ensure the compliance program adheres to regulatory and compliance standards.
- Acting as a business advisor by providing guidance to internal management and business partners regarding the implementation of unified payments compliance programs.
- Maintain responsibility for all regulatory fillings and the oversight of any relevant regulatory reports, STRs/SARs filings, and any other reports or filings submitted by unified payments to any relevant local regulatory authority
- Implement compliance standards per regulatory requirements, applicable codes of conduct, and best practices, in order to ensure Unified Payments operates legally, ethically, and responsibly.
Risk Management:
- Develop and implement a compliance risk management plan and maintain an updated risk register.
- Conducting an enterprise-wide AML/ CFT risk assessment that includes (i) some of the relevant inherent risk components (customer base, products/services, delivery channels, and various locations where unified payments operate.
- Ensure unified payment is not exposed to undue risks by using risk management systems to achieve specific goals within designated areas of each business.
- Monitor Key risk indicators, analyze trends, and proactively address emerging risks.
- Collaborate with relevant departments to ensure controls and mitigation measures are in place.
- Prepare and present compliance risk reports to Business Leads, senior management, and stakeholders.
Requirements:
- University Degree in Finance, Accountancy, Banking, Law or financial management
- Member of any of the following professional bodies is mandatory:
- Association of Certified Anti-money Laundering Specialists (ACAMS)
- Institute of Internal Auditors (IIA)
- International Compliance Association. ICA
- Certified Compliance & Ethics Professional (CCEP)
- Relevant professional certificate in Internal Audit and Compliance Management would be an added advantage
- A minimum of 8 years of relevant Compliance and Audit experience, preferably in reputable financial institutions or in the payments industry
- Solid working knowledge of financial services regulations with a strong understanding of the local regulatory administration.
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