Compliance Officer at VPD.Money

VPD.Money is one of Nigeria's leading digital banking platform, that provides its users' lifestyle financial services unifying wallet and digital banking experience in order to bridge the gap between Africa and the global e-commerce market. Enabling connectivity that drives performance powered by individuals, African - International SMEs, and the diaspora community seeking to trade or complete transactions in / with Africa.

We are recruiting to fill the position below:

Job Title: Compliance Officer

Location: Ikeja, Lagos
Job Type: Full Time

Job Summary

• We are presently looking for an experienced Compliance Officer to support our organization compliance-related matters while ensuring that our operations and business transactions follow all relevant legal, internal rule, compliance with laws, regulatory requirements, policies and procedures.
• To succeed in this role, the candidate should be a reliable and independent professional who is familiar with risk management and the sector industry standards.
• The core goal will be to ensure the organization operates within and in compliance with all industry regulations while meeting business objectives by defining, communicating, training and attesting to corporate policies and procedures, evaluating and measuring the state of compliance across the organization, and any other matters that violates regulatory/legal requirements among other core functions.

Requirements

• BSc / BA in Law, Finance, Business Administration or a related field/Postgraduate qualification or an MBA, Certified Internal Auditor.
• 3 - 5 years experience.

Job Competencies, Capabilities and Key Responsibilities
To succeed in this role, the following will be expected:

• Support in defining the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization.
• Good understanding of both regulatory and AML risks associated with the financial sector businesses.
• Ensuring compliance with relevant laws, regulations and policies.
• Develops, initiates, maintains, and periodically revises policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct.
• Review and update the compliance policies and procedures in line with existing and new legislations I.e AML policy, fraud policy etc.
• Acts as an independent review and evaluation body to ensure that compliance issues/concerns within the organization are being appropriately evaluated, investigated and resolved.
• Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future,
• Provides reports on a regular basis, and as directed or requested, to keep the Board and senior management informed of the operation and progress of compliance efforts.
• Ensures proper reporting to regulators, duly authorized enforcement agencies as appropriate and/or required.
• Developing the annual compliance work plan that reflects the organization's unique characteristics.
• Providing strategic direction to the management team on compliance, while also, assuring and updating the senior management and board on effective and efficient policies in place and ones expected from the organization,
• Monitors the performance of the Compliance Program and related activities on a continuing basis, taking appropriate steps to improve its effectiveness,
• Coordinating internal compliance review and monitoring activities, including periodic reviews of departments.
• Independently investigating and acting on matters related to compliance.
• Internal Audit on Data and Periodic review of KYC documents.
• Ensuring compliance with adequate KYC, KYB and other relevant due diligence expected from financial service.
• Organizing Periodic AML training for employees.
• Presenting Periodic compliance reports to the management.
• Scrutinizing merchants countries in line with provided Sanctioned countries list.
• Execute appropriate practices for monitoring fund and adviser service providers including initial due diligence and sub-adviser oversight.
• Formulate policies and maintain internal compliance control on operations to ensure proper transaction records.
• Maintain relationship with regulatory and government bodies.
• Responsible for other general compliance issues i.e. tax compliance, data protection, among others.
• Coordinate with the business and other supporting functions for all incoming or outgoing due diligence requests.
• Develop compliance monitoring mechanism to ensure regulatory registrations/licenses are up to date and controls are implemented to meet these regulatory requirements.

Key Skills:
What we require;

• Proven experience as a Compliance Officer in a related field
• General familiarity with laws and regulations governing financial companies
• Deep experience and knowledge of legal requirements and controls in AML and KYC in financial institutions.

Key Skills:
What we require;

• Proven experience as a Compliance Officer in a related field
• General familiarity with laws and regulations governing financial companies
• Deep experience and knowledge of legal requirements and controls in AML and KYC in financial institutions.
• Strong understanding of the current regulatory landscape, able to anticipate, changes and implications of regulations on the business to provide timely advice.
• Extensive knowledge of industry regulations, best practices, opportunities and threats.
• Experience in risk management, proven experience implementing risk management methods and security compliance standards, processes and frameworks.
• Ability to maintain a high level of confidentiality
• Excellent communicator with resounding confidence to hold conversations on complex topics with internal and external stakeholders through sound reasoning and judgement.
• Strong reputation for integrity and ability to balance business partnership with the need to exercise independent judgment and to raise issues in a timely and constructive manner
• Ability to operate simultaneously as an effective tactical as well as strategic thinker.
• High energy and a desire to work in results- and team-oriented, rapid growth environment.

Please Note: Use the position applied for as the subject of the application. Only qualified candidates will be contacted.

• Exemplary problem-solving and analytical skills.
• Compliance Diploma, Professional certification (e.g. Certified Compliance & Ethics Professional (CCEP)) is a plus.
• Strong understanding of the current regulatory landscape, able to anticipate, changes and implications of regulations on the business to provide timely advice.
• Extensive knowledge of industry regulations, best practices, opportunities and threats.

Please note: Use the position applied for as the subject of the application. Only qualified candidates will be contacted.

• Experience in risk management, proven experience implementing risk management methods and security compliance standards, processes and frameworks.
• Ability to maintain a high level of confidentiality
• Excellent communicator with resounding confidence to hold conversations on complex topics with internal and external stakeholders through sound reasoning and judgement.
• Strong reputation for integrity and ability to balance business partnership with the need to exercise independent judgment and to raise issues in a timely and constructive manner.
• Ability to operate simultaneously as an effective tactical as well as a strategic thinker.
• High energy and a desire to work in results- and team-oriented, rapid growth environment.
• Exemplary problem-solving and analytical skills.
• Compliance Diploma, Professional certification (e.g. Certified Compliance & Ethics Professional (CCEP)) is a plus.

Application Closing Date
21st October, 2020.

How to Apply
Interested and qualified candidates should send their CV and Cover letter to: [email protected] using the Job Title as the subject of the mail.

Note: Only qualified candidates will be contacted.