Area Compliance Officer (Okene) at First Bank

JOB DESCRIPTION

• To develop and promote a high level of compliance culture that encourages voluntary compliance with regulatory and business requirements in the day-to-day business processes and operations of branches. This includes implementation of relevant customers on-boarding compliance requirements
• To monitor compliance activities of branches in coverage area with a view to identifying root cause(s) of noncompliance and co-develop remediation actions for improvement.
• Serve as resident compliance advisor and conduct risk officers at branches of coverage through the promotion of cordial business relationship partners 
• Promoting voluntary and positive and compliance culture in branch.
• Minimize infractions

DUTIES & RESPONSIBILITIES

• Ensure implementation of the Compliance Monitoring calendar for coverage areas.
• Providing compliance advisory support to business and operations within designated branches.
• Coordinating KYC/AML/CFT & Compliance training and awareness at branch level. 
• Performing transaction monitoring on FCCM-ECM AML module and escalating suspicious transactions for further review and reporting.
• Conducting spot checks/inspections within the Branch to assess the level of voluntary compliance maintained.
• Performing regular compliance risk assessment of branch activities and developing remediation plans
• Monitoring the implementation of branch compliance and conduct remediation plans and escalate open activities to Branch Management team and Head, Compliance Monitoring and Reporting (Through the ZCOs and ACO coordinators).
• Periodic (Quarterly) Spot check visitation to Bank agents to confirm compliance with AML/CFT regulatory requirements
• Conduct periodic branch visitation to ascertain adherence to KYC.
• Regular review of huge cash transactions to ensure they align with customer’s profiles, investigate unusual cash deposits, and escalate suspicious activities in line with AML/CFT regulations and internal policies
• Confirmation of KYC adequacy on customers account and Issuance of KYC certificates for Loan related purposes.
• Confirmation of KYC adequacy on customers account and Issuance of KYC certificates for Limit enhancement purposes.
• Ensuring PEP onboarding for all Identified PEP accounts.
• Ensuring follow-up on regularization of all High-risk accounts with KYC exceptions. 
• Escalation of all identified suspicious activities during transaction monitoring for prompt rendition to NFIU.
• Responding to Inquiries and approvals requests for all compliance related issues requiring ACO’s attention.
• Ensuring the achievement of Monthly Targeted branch reviews of all branches in the Cluster as assigned.
• Ensuring the achievement of yearly thematic review of all high-risk accounts 
• Ensuring the execution of quarterly branch compliance certificate by branches 
• Conducting periodic review of digitally opened accounts to ensure compliance to regulatory provision 
• Handling of LEA requests to guarantee a timely response to the law enforcement agency.

JOB REQUIREMENTS

Education

• First degree (or equivalent) in Law, Banking & Finance or related discipline and approved compliance certification.

Experience

• A minimum of 6 years’ experience working in compliance or related areas in financial services
• Experience of implementing and advising on compliance programmes.

KEY COMPETENCY REQUIREMENTS

Knowledge

• Banking structure, policies and procedures.
• Industry knowledge
• Banking Operations
• Banking systems
• Legal/Regulatory framework
• CBN Guidelines

Skill/Competencies

• Interpersonal skills
• IT and Computer appreciation
• Communications skills (written and oral)
• Must be self-solution driven, proactive and have acceptable knowledge of the business environment
• Attention to details 
• Integrity
• Complexity management
• Developing people
• Excellent presentation and training skills