Chief Compliance Officer (CCO) at a Leading and Foremost Switching Company - Ascenix Consulting Limited

Ascenix Consulting Limited - Our client, a leading and foremost switching company in Nigeria licensed by the CBN and renowned for delivering seamless, secure and scal-able electronic payments and digital commerce solutions is recruiting to fill the position below:

Job Title: Chief Compliance Officer (CCO)

Location: Lagos
Employment Type: Full-time
Department: Fintech

Job Description

• The Chief Compliance Officer (CCO) is responsible for regulatory compliance, AML/CFT governance, consumer protection, and conduct risk management.
• The role ensures continuous adherence to CBN regulations and protects the company’s operating license.

Responsibilities
Strategy, Business Growth & Market Leadership;
Regulatory Compliance & CBN Engagement:

• Serve as primary interface with the Central Bank of Nigeria (CBN) on compliance matters.
• Interpret and implement all applicable CBN regulations, guidelines, and circulars.
• Coordinate regulatory examinations and ensure timely remediation of findings.
• Ensure on-time submission of compliance-related regulatory returns.

AML/CFT & Financial Crime Compliance:

• Design and maintain an effective AML/CFT framework.
• Oversee KYC, CDD, EDD, and transaction monitoring processes.
• Ensure timely STR and CTR filings where applicable.
• Partner with Risk, Fraud, and Technology teams to strengthen controls.

Policies, Controls & Advisory:

• Develop and maintain compliance policies and procedures.
• Provide compliance advisory support to business and product teams.
• Embed compliance reviews in new product and change management processes.

Consumer Protection & Conduct Risk:

• Ensure compliance with CBN consumer protection guidelines.
• Oversee complaints management and dispute resolution.
• Promote ethical conduct and fair treatment of customers.

Data Privacy & Regulatory Risk:

• Oversee compliance with NDPR and data protection requirements.
• Monitor regulatory developments and assess impact on the business.

Monitoring, Testing & Reporting:

• Execute compliance monitoring and testing programs.
• Track and remediate compliance issues and breaches.
• Report compliance status to management and the Board.

Training, Culture & Governance:

• Deliver compliance and AML training across the organization.
• Foster a strong compliance culture and tone from the top.
• Support Board Risk & Compliance Committee governance.

Key Performance Indicators (KPIs)
Regulatory Compliance:

• 100% on-time regulatory filings
• Zero material regulatory breaches
• Timely remediation of examination findings.

AML/CFT:

• Timely STR and CTR reporting
• KYC compliance rate above agreed threshold
• Zero material AML/CFT failures.

Policies & Controls:

• Annual review of all compliance policies
• Zero repeat high-risk compliance findings.

Consumer Protection:

• Complaints resolved within SLA
• Zero material consumer protection breaches.

Training & Governance:

• 100% compliance training completion
• Timely Board compliance reporting.

Required Qualifications and Experience

• Bachelor’s Degree in Law, Finance, Accounting, Business, or related field. Master’s degree or MBA is an advantage.
• 10 – 15+ years experience in compliance or regulatory roles around payments, switching, processing, banking technology, or fintech.
• At least 5 – 8+ years in senior compliance leadership within payment processing, payment gateways or financial technology.
• Expertise: Strong knowledge of CBN regulations and Nigeria’s payments ecosystem.
• Certifications (Preferred): Professional certifications (CAMS, ICA, CFE) preferred

Application Closing Date
Not Specified.