Head of Compliance - Nigeria at Fosad Consulting Limited

Fosad Consulting, LLC. is a professional services firm established to provide quality consulting services to desiring clients, whose primary objective is to focus their management and technical resources on their core competence.

We are recruiting to fill the position below:

Job Title: Head of Compliance - Nigeria

Location: Lagos
Employment Type: Full-time

Job Description

• Support with delivery of key elements of compliance programme activities (including implementation of risk and compliance framework for examples, risk assessments, control testing, AML/CTF training, regulatory reviews, obligations register) ensuring the respective deadlines are met.
• Identify log and monitor compliance Issues. Proactively partner with the business to complete remediation work within the required deadlines. Produce regular metrics and programme status updates as and when needed.
• Assist with ad hoc projects, monitoring tasks and regulatory change initiatives.
• Promoting a good compliance culture and assisting the business in complying with relevant laws and regulations.
• Determine regulatory reporting of events. Prepare reports and communications to Regulatory Authorities and ensure filing within the required timeframe to CBN and Financial intelligence Authority(FIU).
• Escalate high priority issues as well as identified business risks to the appropriate management level with managing risks relating to payments.
• Providing support and advice to the business to ensure compliance with regulatory requirements and other applicable international regulation including delivering the firm’s compliance programme.
• Validating and reporting any suspicious transactions through reports and raising SAR/STR wherever required with the FIU.
• Undertaking one-off reviews deep dives and assessments of business line compliance particularly with new regulatory obligations.
• Acting as the subject matter expert for specific areas of regulation providing support and guidance on requirements and overseeing the firm’s control environment.
• Supporting the risk and compliance team in other functions as needed which include reviewing cross-border guidelines and preparing board and senior management reports and conducting client contract reviews.
• Assist in performing monitoring and surveillance reviews when we have identified and mitigated any compliance risks or gaps identified.
• Supporting business and support units in completing their risk assessments (RAs) for processes, new changes and initiatives.
• Ensure that appropriate risk and control self-assessment (RCSAs) reviews are done in a timely manner.
• Support business and support units in reporting their incidents and losses.
• Provide and facilitate training and awareness to staff across the company.
• Any other risk and compliance duties that may be assigned from time to time.

Requirements

• Degree level of education with a particular preference for accounting, legal, Risk/Compliance background.
• Compliance qualifications from ACAMS, ACFCS and ICA would be a distinct advantage.
• 5+ years experience in a Compliance related role
• 3+ years experience in a managerialrole
• Experience working within a regulatory framework desirable.
• Experience working in risk or compliance review or monitoring role and reviewing regulations and ensuring control in place to adhere to regulatory requirements.
• Good PC skills (Microsoft Excel and Word essential – PowerPoint useful).
• Good report writing and presentation skills.
• Focused attitude to work with the ability to constantly meet deadlines while ensuring attention to detail, and high level of accuracy.
• Interpersonal and communication skills.
• Enthusiasm to work in a fast-paced, dynamic environment with the appetite to learn and develop skills as both the business and the regulatory environment evolve.
• Self-starter. Ability to drive forward work plan under little supervision.
• High standard of accuracy and excellent attention to detail
• Excellent organizational skills
• 5+ years experience in a Compliance related role.

Application Closing Date
22nd March, 2024.