Compliance Manager at HRD Solutions

At HRD Solutions, we provide performance focused support to businesses in the areas of business strategy, organizational design and Human Resource Consulting.

We are recruiting to fill the position below:

Job Title: Compliance Manager

Location: Lagos
Employment Type: Full-time

Job Objective / Summary

• The Compliance Manager will be responsible for implementing and overseeing compliance policies and procedures within the organisation to ensure the MfB is meeting regulatory requirements.
• The Manager will work closely with various divisions, departments and units of the MfB to identify and assess potential compliance risks develop and implement measures to mitigate these risks.

Duties & Responsibilities

• Implement and oversee compliance policies and procedures.
• Monitor regulatory developments and changes to ensure that policies and procedures are upto- date
• Lead compliance training programs for employees to ensure they understand their role in maintaining compliance
• Conduct risk assessments to identify potential compliance risks and develop strategies to mitigate them
• Monitor compliance with regulatory requirements and internal policies
• Report regularly to Chief Compliance Officer on compliance matters
• Collaborate with other departments to ensure compliance with regulatory requirements
• Oversee the implementation of effective compliance monitoring programs
• Third-Level review of account opening documents provided for KYC-adequacy and liaising with the Branches for remediation before transmission to Regulators.
• Responding to enquiries from branches and regulators on AML Reporting issues.
• Review data for completeness and adequacy before Submitting Currency Transaction Reports to NFIU.
• Review of Generated or Rejected Currency Transaction Reports to the NFIU
• Review for Completeness and Adequacy of Foreign Currency Transaction Reports to NFIU and CBN.
• Review of Newly Generated Opened High-Risk Accounts.
• Review of various Risk Based Supervision Reports to CBN and NFIU before submission
• Preparation and Submission of Monthly Compliance reports to the Chief Compliance Officer
• Provision of inputs for the preparation of Management Reports
• Review of Returns to CBN and NFIU on UN Sanctioned entities and individuals
• Review the Completeness and Adequacy of 3-tier KYC returns to CBN
• Preparation, and Submission of returns on Whistleblowing and Code of Corporate Governance to CBN.
• Develop an Annual Compliance Work Plan and Strategy
• Develop Annual AML/ Compliance Training Plan
• Respond to Letters and Requests from Regulators
• Prepare and coordinate Regulatory Examinations.

Working Conditions:

• The Manager will primarily work in an office environment but may be required to travel occasionally to attend meetings or training sessions.
• The role may require extended hours or occasional weekend work to meet deadlines or respond to compliance-related issues.

Education and Experience

• Education: First Degree (or equivalent) in Law, Finance, Business or any related course would.

Experience:

• A minimum of 3 years’ working experience in compliance or related financial services area
• Experience in compliance monitoring and audit /inspection programmes.

Knowledge:

• Specialist knowledge in
• Anti-Money Laundering
• Data Protection
• Financial Markets
• Fraud and Ethics.

Skills / Competencies:

• Strong Knowledge of regulatory requirements and industry best practices
• Excellent communication, interpersonal and analytical skills
• Strong attention to detail and ability to work independently
• Ability to manage multiple tasks and projects and prioritize effectively
• Strong Project Management Skills
• Professional certification in compliance or related filed is preferred.

Salary & Benefits

• Salary: N350,000 - N400,000 monthly.
• HMO, Life Insurance, Paid Leave and Allowance, 13th month and all other statutory benefits
• Opportunities for professional development and growth
• Supportive and collaborative work environment.

Application Closing Date
29th November, 2024.