Subsidiary Compliance Officer at First Bank of Nigeria Limited

First Bank of Nigeria Limited (FirstBank) is Nigeria's largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Subsidiary Compliance Officer

Location: Lagos
Employment Type: Full-time

Duties & Responsibilities

• Implement methodologies for identifying, assessing, monitoring, controlling and reporting compliance risks. Agree on the type and frequency of monitoring in relation to the subsidiaries scale of activity.
• Ensure subsidiary-wide compliance with established policies and controls and ensures that violations are thoroughly investigated.
• Coordinate the development and Implementation of the Compliance Monitoring Calendar for the Subsidiaries.
• Conduct reviews to test the validity and appropriateness of, and business compliance with all international regulations.
• Act as subsidiary liaison officer and provide up-to-date report on compliance activities in subsidiaries to the Head, Compliance & Conduct Advisory.
• Identify and assess regulatory implications of the Subsidiaries and be able to identify issues affecting the group.
• Coordinate Compliance & AML/CFT Training of all Subsidiaries Compliance Officers.
• Coordinate regulatory relationship management with key regulators of the in scope jurisdictions.
• Ensure monthly report on compliance activities of the subsidiaries to the BRCC,CCO, MD and quarterly
• report to the BBRMC, MD and scorecard generation for the Heads of Compliance.
• Develop control logs for internal audit assessment and follow up on all compliance related exceptions for closure within the deadline set.
• Perform other functions as assigned by the Team Lead and Head, Compliance & Conduct Advisory.
• Ensure review, update and upload of subsidiary rulebook and other reports on the porter.

Job Requirements
Education:

• First Degree (or equivalent) in Law, Banking & Finance or related discipline.

Application Closing Date
9th May, 2024.