FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.
We are recruiting to fill the position below:
Job Title: Compliance Manager
Location: Lagos
Employment Type: Full-time
About the Role
- The Compliance Manager will lead the development, implementation, and maintenance of a robust AML/CFT compliance program, conducting regular risk assessments and staying abreast of evolving regulations.
- This role involves meticulous analysis of legal and KYC documentation, identification of UBOs and PEPs, and execution of comprehensive due diligence procedures.
- The Officer will also contribute to broader compliance initiatives, ensuring alignment with legal standards and providing valuable insights into regulatory matters.
- Develop, implement, and maintain an effective AML/CFT compliance program.
- Conduct regular risk assessments and review to identify and mitigate potential money laundering and terrorist financing risks.
- Carry out the planning and execution of the AML and Regulatory Due Diligence program.
- Development of the Customer risk assessment Plan.
- Collect, analyze, verify and archive legal and KYC documentation, identify Ultimate Beneficial Owners (UBOs) and Politically Exposed Persons (PEPs).
- Identify potential high-risk customers and perform enhanced due diligence (EDD) reviews of all high-risk customers, including analysis of account activity, CDD, interviews with relationship managers, etc.
- Review and check (potential) clients on international financial sanctions lists.
- Ensure CDD is collected at account inception and is periodically updated during the customer relationship.
- Ensure accurate data collection to comply with the bank's Customer Identification Program (CIP).
- Sending necessary Due Diligence questionnaires for High-Risk customers if applicable.
- Completing in-depth Internet research, including negative news searches; and determining, based on account activity, if the account is transacting as expected for the entity type.
- Thoroughly and professionally document a narrative describing customer’s information obtained during review.
- Maintain high quantity and quality rates of production.
- Contribute to the implementation and controls for daily processes and assist with the update of procedures.
Identify training needs and provide training to employees on the due diligence process on a periodic basis.
- Address a broad range of compliance matters, including but not limited to data protection, sanctions screening, and regulatory reporting.
- Develop and maintain policies and procedures to address various compliance obligations.
- Assist in legal research and analysis related to compliance matters. Provide guidance on legal implications of compliance-related issues
Requirements
- Bachelor's Degree in Law, Finance, or a related field. Advanced degree or professional certifications (e.g., CAMS, CFE) is a plus.
- Proven experience in compliance roles, with a focus on AML/CFT, customer due diligence, and legal compliance.
- Deep understanding of the front-to-end customer due diligence process and be well versed within fintech banking
- Proven track record in similar function in the financial services industry with at least 5 years’ experience.
- In-depth knowledge of relevant laws, regulations, and industry best practices.
- Regulatory Environment: Knowledge of the compliance regulations and the impact of the regulations on the Bank’s operations.
- Risk Management: Demonstrate strong competent knowledge with current regulatory requirements and relevant financial industry knowhow concerning the Customer Due Diligence standards.
Benefits
- Private Health Insurance
- Pension Plan
- Training & Development
- Paid Time Off
Application Closing Date
Not Specified.
Method of Application
Interested and qualified candidates should:
Click here to apply online
Recruitment Process
- A screening interview with a Senior Recruiter- 30 minutes.
- Technical interview with the Head of Compliance and Fraud Manager- 45 minutes
- Finan Interview with the MD - 30 minutes
https://www.hotnigerianjobs.com/hotjobs/581241/compliance-manager-at-fairmoney-nigeria.html