Chief Compliance Officer at a New Commercial Bank - Workforce Group

Posted on Tue 15th Oct, 2019 - hotnigerianjobs.com --- (0 comments)

Workforce Group - Our client is a new non-interest Commercial Bank operating in Lagos State. The bank is set to change the way banking is done in Nigeria and is looking for great minds with proven experience to fill the position below:

Job Title: Chief Compliance Officer

Location: Lagos
Reporting Line: Managing Director

Job Brief

Ensure and manage the bank's responsibility to comply with all Nigerian, global (and as applicable, European GDPR) regulatory, legislative and statutory AML/CFT requirements.

Key Responsibilities

Minimise AML/CFT risks through effective monitoring and communication
Implement appropriate AML, CFT, sanctions and financial crime prevention policies, procedures, systems and controls
Ensure the bank’s AML/CFT standards reflect international best practices
Inculcate a compliance culture within the Compliance Department through training
Keep senior management informed on an ongoing basis of the quality of compliance risks, deficiencies, issues and the status of corrective actions relating to Compliance
Provide Management with MIS on the Bank’s risk profile to enable informed decision making
Promote, lead and manage the culture and practice of Compliance within regulatory requirements and ethical standards consistent with supporting the bank’s strategic direction and growth aspirations;
Establish and maintain frameworks to ensure compliance with applicable banking regulations, internal policies, procedures and codes so as to protect the reputation of the bank with its regulators and balance the needs of other stakeholders
Identify, mitigate, monitor and manage regulatory (including financial crime) risks in the bank
Ensure the effectiveness of the bank’s management of Compliance and regulatory risk issues
Ensure appropriate and effective risk-based monitoring is conducted bankwide
Advise the business on all relevant regulatory and compliance matters.
Develop and maintain a Rule Book encompassing all Compliance-related regulatory requirements spanning all business groups and products of the Group
Conduct periodic compliance reviews to ensure adherence to policies & procedures
Inculcate a compliance culture within the bank through training and the dissemination of national and international findings
Enhance the IT infrastructure supporting the AML monitoring and on-boarding processes by introducing automated transaction monitoring and filtering process
Keep abreast with external developments in the AML/CFT Compliance arena and maintain
Relationships with trade bodies, regulators and other groups that have input into the financial crime agenda
Ensure suitable arrangements are in place for the internal and external reporting of suspicious activity
Proactively identify emerging risks in the bank and develop controls for the benefit of all stakeholders using a risk-based approach
Formulate and implement regulatory, compliance and risk management strategy
Maintain a standard Compliance Policies and Procedural documents
Ensuring reporting and submission deadlines are met through efficient management of the compliance timetable
Coordinate Compliance reporting to the Board of Directors
Build relationships with internal and external stakeholders/regulators

Qualifications & Experience

A first Degree or its equivalent in any discipline
Membership of the International Compliance Association will be an added advantage
A minimum of 10 years post-qualification experience in Risk/Control functions financial services industry within the financial services industry.

Required Skills:

Good understanding of KYC, CDD, FATCA and other related processes
Sound compliance knowledge
Analytical thinking
Attention to details
Banking Operations (domestic & international) experience
Accounting skills
Risk management skills
Financial analysis skills
Documentation skills
Problem identification and solving skills
Good written and oral communication skills
Ability to communicate at both detailed and concise levels with all levels of management
Good time management skills
Good team management skills
Demonstrated project management and leadership skills.

Application Closing Date
29th October, 2019.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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