Head, Compliance at Resource Intermediaries Limited

Job Description :

Educational

• Degree in Accounting coupled with commensurate experience in internal control, business communications, analysis and/or regulatory compliance.
• Professional Qualification - Eg. ICAN,ACCA
• MBA is an advantage.

Experience    

• A minimum of 5 years quality business experience, obtained in a Financial Services environment, with exposure to in regulatory compliance, project management, customer service, branch operations, complaint resolution and problem-solving.
• Demonstrated competency in and passion for compliance activities.
• 2 years or more of compliance, risk, or audit experience with proven ability to proactively collaborate with peers and management of all levels.
• Research, implement, and manages the areas of Aquila’s payments regulations, policies and procedures.
• Conduct periodic internal audits with all departments to ensure that compliance procedures are followed.
• Conduct or direct the internal investigation of compliance issues.
• Develop security controls and processes that align with company policies and regulatory requirements.
• Generate Exception Reports to Management on suspicious transactions.
• Develop and document processes that support compliance objectives.
• Develop and implement robust cost control measures in line with approved budget and policy.
• Evaluate controls and testing processes to identify opportunities to mitigate risk, strengthen controls, and reduce overhead.
• Assess service compliance and operational risks and liaise with risk management unit.
• Disseminate written policies and procedures related to compliance activities and ensure full compliance of approved company’s policies and procedures.
• Ensure reduction on risk of non-compliance (which takes the form of illegal, unethical or improper conduct,) on internal and external (government) regulations that can lead to heavy fines and legal actions.
• Present monthly report to the management team highlighting any areas of potential risk to the company.
• Monitor and ensure compliance with all statutory remittances
• Ensure copies of reports with regulatory agencies are properly filed to demonstrate that the company is following appropriate procedures.
• Ensure that all business units need to stay informed regarding changes to regulatory requirements and expectations by researching regulatory and filing information.
• Prepares quarterly compliance reports by collecting, analyzing, and summarizing information and produces accurate and reliable information for decision making to senior management team.
• Verify that software technology is in place to adequately provide oversight and monitoring in all required areas.
• Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
• Discuss emerging compliance issues with management or employees.
• Collaborate with human resources departments to ensure the implementation of consistent disciplinary action strategies in cases of compliance standard violations.
• Advise internal management or business partners on the implementation or operation of compliance programs.
• Ensures completeness and accuracy {detects errors, irregularities, duplications and misstatements (If any).
• Reviews and signs off monthly statutory remittances (Pension, PAYE, Health premium, Insurance premium).
• Reviews and signs off monthly expenses – Driver’s overtime, driver’s reload, staff trip allowances, cash Advances, IOUs, fuelling and maintenance of operating lease contracts and company pool cars.
• Ensures adherence with each contract’s cost budget.
• Provide assistance to internal or external auditors in compliance reviews.
• Prepare management reports regarding compliance operations and progress.
• Monitor compliance systems to ensure their effectiveness.
• Verify that all firm and regulatory policies and procedures have been documented, implemented, and communicated.
• Direct the development or implementation of compliance-related policies and procedures throughout an organization.
• Developing policies and programs that encourage managers and employees to report suspected fraud and other improprieties without fear of retaliation.

Competencies/ Skills

• Effective oral and written communication skills required to proof-read, review, summarize, and report on complex government rules, regulations, and guidance.
• Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone
• Ability to work effectively and collaboratively within the department and others outside of the credit union.
• Strong problem-solving, credit union operations, and organizational skills with the ability to present information logically.
• Ability to multi-task effectively and meet deadlines with limited supervision.
• Possess the ability to work independently with minimal direction and exhibit initiative.
• Demonstrated ability to think critically and analyze and communicate complex information to all levels of management and staff.
• Proficiency in Microsoft Word, Excel, and PowerPoint as well as Adobe Acrobat Pro.
• Demonstrate high level of commitment and trustworthiness.

Knowledge

• Sound Knowledge of laws and regulations relevant to the Leasing Industry
• In-depth knowledge of state and federal regulations and exam procedures.
• In-depth knowledge of the entire loan process, from origination through post-closing.
• Strong understanding of the mission, business, and strategies of Aquila.