Chief Compliance Officer at AB Microfinance Bank Nigeria

AB Microfinance Bank is a national microfinance bank licensed by the Central Bank of Nigeria (CBN), with its head office in Lagos and branches spread across Lagos, Oyo, Ogun, Ondo and Anambra State.

AB Microfinance Bank Nigeria is committed to its passion of helping to improve the business opportunities of entrepreneurs by availing them of easy access to affordable loans, as well as improve the general financial status of everyone with its deposit accounts. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria as a fully fledged microfinance bank.

The Bank has an exceptional group of very strong international shareholders committed to the task of improving access to financial services in the country. These shareholders are Access Microfinance Holding AG of Germany, KfW - the German Development Bank, the African Development Bank, and the International Finance Corporation of the World Bank Group. Together, they have an established record of setting up and managing microfinance banks across the African and Asian continents in such countries as Nigeria, Tanzania, Liberia, Zambia, Rwanda, Madagascar, Azerbaijan, Tajikistan,Georgia and Brazil.

We are recruiting to fill the position below:

Job Title: Chief Compliance Officer

Ref Code: CCO/COM/MAR/2026
Location: Lagos 
Employment Type: Full-time

Description

• We seek a meticulous and experienced Chief Compliance Officer to independently manage the Bank’s regulatory compliance function, ensuring all obligations to regulators such as the Central Bank of Nigeria are met accurately and on time.
• Reporting directly to the MD/CEO, the role requires deep knowledge of Nigerian banking regulations, strong attention to detail, and the ability to work independently to keep the Bank fully compliant.
• Regulatory Reporting: Own and file all mandatory CBN, NFIU, and statutory returns — on time, every time.
• Compliance Monitoring: Run regular checks across branches and departments. Find gaps before regulators do.

What You Will Do

• Regulatory Reporting & CBN Returns 
• Policy & Advisory: Keep the Bank's policies current and advise management on compliance implications of business decisions.
• Prepare, validate, and submit all statutory regulatory returns to Central Bank of Nigeria, Nigerian Financial Intelligence Unit, and other relevant regulators (including STRs, CTRs, prudential returns, and consumer protection reports) within stipulated timelines.
• Monitor regulatory circulars and directives, prepare the Bank’s AML/CFT compliance reports, and coordinate responses to regulatory examinations from CBN, NFIU, NDIC, and FCCPC, ensuring timely remediation and management action.
• AML/CFT Compliance Programme / Compliance Monitoring & Control Assurance
• Develop, implement, and periodically update the Bank’s AML/CFT policy and compliance framework in line with regulations of the Central Bank of Nigeria, Nigerian Financial Intelligence Unit, and standards of the Financial Action Task Force, ensuring it reflects the Bank’s risk profile.
• Oversee transaction monitoring and KYC/customer due diligence processes across branches to ensure suspicious or unusual activities are identified, escalated, documented, and remediated appropriately.
• Execute the annual Compliance Monitoring Plan covering key regulatory risk areas such as KYC, account opening standards, dormant accounts, mobile banking controls, credit compliance, data protection, and consumer protection.
• Maintain a Compliance Findings Register and follow up on remediation of issues raised by Compliance reviews, Risk & Control assessments, and Internal Audit.
• VACANCY Policy, Advisory & Business Partnering / Compliance Training & Culture
• Develop, review, and update the Bank’s compliance policies and procedures to ensure alignment with regulations of the Central Bank of Nigeria, Nigerian Financial Intelligence Unit, and the Nigeria Data Protection Regulation.
• Provide compliance guidance to management and departments, and review new products, services, and operational changes to ensure regulatory compliance before implementation.
• Communicate regulatory updates clearly to staff and promote a strong compliance culture where employees understand their obligations and proactively raise compliance concerns.

Who We Are Looking For
Experience & Qualifications:

• Bachelor's Degree in Accounting, Business Administration, Finance, Law, or a related field.
• A postgraduate qualification is an advantage.
• Minimum of 5 years professional experience in a bank or financial institution, with at least 3 years in a dedicated compliance role.
• Prior experience in a Microfinance Bank, Commercial Bank, or CBN-regulated institution is strongly preferred.
• Proven, hands-on experience preparing and submitting CBN returns, NFIU reports (STRs, CTRs), and responding to regulatory examinations.
• Relevant professional certification is an added advantage — CAMS (Certified Anti-Money Laundering Specialist), ACAMS, ACIB, CRCM, or any recognized compliance certification

Knowledge & Skills Required:

• Strong knowledge of Central Bank of Nigeria prudential guidelines, AML/CFT regulations, Nigerian Financial Intelligence Unit reporting, NDPR, and consumer protection frameworks, with the ability to translate regulatory directives into actionable steps.
• Excellent analytical, detail-oriented, and written communication skills to produce clear compliance reports, policy documents, and regulatory responses.
• Independent, high-integrity professional proficient in Microsoft Office and banking/HRIS systems, able to manage tasks, meet deadlines, and exercise sound judgment without supervision.

Application Closing Date
18th March, 2026.