Compliance Officer at Union Bank of Nigeria

Reference No: #RMD003
Location: Ikeja, Lagos
Contract Type: Permanent
Industries: Banking / Finance & Investment

Introduction

• Group Risk Management Directorate strives to achieve sound corporate governance, robust compliance and effective risk management processes for credit, market and liquidity.
• Strategies deployed help build robust capital management, effective risk monitoring and proactive risk mitigation.

Job Functions

• Advisory, Analytics, Communications, Compliance & Regulatory Affairs, Research

Specification/Responsibilities

• Monitor transactions according to Policy.
• Ensure transaction monitoring and enhanced due diligence on high risk and high profile accounts.
• Manage financial crime risks such as those posed by customers, products, counter-parties in transactions and the transactions themselves through transaction monitoring tools and escalating same where appropriate to the NFIU in form of Suspicious Transaction reports .
• Advisory support service in respect of all Compliance related queries.
• Assist in developing a Group wide compliance culture.
• Facilitate in Compliance training
• Assisting with the update and improvement of the transaction filtering process
• Investigate and clear transactions identified against specified watch lists
• Provide optimum support from a holistic compliance perspective in relation to allocated subsidiaries
• Assist with the implementation of the automated transaction monitoring tool.
• Business office Review
• Assist in responding to inquiries from correspondent banks
• Responding to FATCA related issues
• Ensuring the Bank is compliant with the Foreign Account Tax Compliance Act (FATCA).

Requirements    
Educational Qualification:

• Bachelors degree in Humanities
• Masters Degree (desirable)

Experience:

• Minimum of 2 years post-NYSC experience
• Sound branch operations experience