Team Lead, KYE Compliance at Moniepoint Incorporated

Moniepoint Incorporated is a global business payments and banking platform and recently became QED Investors’ first investment in Africa. We are the partner of choice for over 600,000 businesses of all sizes, powering the dreams of SMBs and providing them with equal access to the tools they need to grow and scale.

We are recruiting to fill the position below:

Job Title: Team Lead, KYE Compliance

Location: Lagos

About the Role

• We are looking for a Team Lead, KYE Compliance to ensure that our operations and business transactions follow all relevant legal and internal rules.
• You will also review employees’ work and provide advice on compliance.
• The main goal will be to ensure we operate in a legal and ethical manner while meeting our business objectives.
• If this excites you, it excites us too and we would love to have you.

Key Responsibilities

• Employee Due Diligence: Conduct comprehensive background checks, including regulatory and criminal record verifications, on all prospective employees, ensuring alignment with the bank’s strict compliance and ethical standards.
• Ongoing Monitoring: Continuously track employee activities and behaviors to detect potential risks or conflicts of interest, ensuring all employees meet both internal and regulatory standards for ethical conduct and risk management.
• Documentation Management: Maintain accurate, thorough, and secure records of all KYE-related documentation, ensuring timely updates in accordance with regulatory requirements. This includes preparing detailed reports for audits and compliance reviews.
• Risk Identification & Mitigation: Proactively identify risks related to employee activities that could pose a threat to the bank's integrity. Collaborate with senior management to develop risk mitigation strategies and provide actionable recommendations.
• Regulatory Compliance: Stay well-informed on local and international regulations, including anti-money laundering (AML), know-your-customer (KYC), and employee-related laws. Ensure the bank’s employee vetting processes align with these regulations to avoid legal repercussions. Ensure the Bank's policies and procedures are duly updated, and manage the whistleblowing reports.
• Internal Audits & Investigations: Play an integral role in internal audits, assessing the effectiveness of the bank’s KYE framework, identifying areas for improvement, and ensuring swift corrective actions are taken when necessary.
• Training & Awareness Programs: Develop, update, and deliver tailored compliance training programs for employees, fostering a culture of compliance and reinforcing the bank’s commitment to ethical business practices.
• Cross-Functional Collaboration: Work seamlessly with Human Resources, Legal, Risk Management, and other relevant departments to create and enforce policies that promote compliance across the employee lifecycle.
• Incident Management & Reporting: Monitor, document, and escalate any suspicious behavior or potential violations to the appropriate regulatory authorities and senior management, ensuring that all incidents are reported in line with legal requirements. Excellent report writing, presentation and communication to both internal and external stakeholders.
• Continuous Improvement: Stay at the forefront of compliance trends, regulations, and best practices within the industry, contributing to the enhancement of internal policies and practices to align with evolving regulatory landscapes.

Qualifications & Experience

• Education: A Bachelor’s degree in Law, Finance, Accounting, Business Administration, or any other relevant discipline.
• Certifications: Professional certifications such as ACAMS (Association of Certified Anti-Money Laundering Specialists), ICA (International Compliance Association), or equivalent are highly desirable.
• Experience: A minimum of 4 to 5 years of hands-on experience in compliance, risk management, or a related field, preferably within the banking or financial services sector. Exposure to KYE, KYC, and AML regulations will be an advantage.
• Knowledge: In-depth understanding of Nigerian banking regulations, anti-money laundering (AML) laws, employee compliance, and data protection legislation. Familiarity with both local and global best practices for employee due diligence is essential.

Skills:

• Exceptional analytical skills with a keen attention to detail.
• Outstanding verbal and written communication abilities.
• Strong interpersonal skills, with the ability to build relationships across all levels of the organization.
• Demonstrated ability to maintain discretion and confidentiality when handling sensitive information.
• Advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint), and familiarity with compliance management software. 

What we can offer you

• Culture: We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
• Learning: We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
• Compensation: You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits.

Application Closing Date
Not Specified.