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 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