Compliance & Enforcement Officer at Nigerian Exchange Group (NGX Group)

Job Description

• NGX Regulation Limited (NGX RegCo) is an independent subsidiary of Nigerian Exchange Group Plc. (NGX Group Plc.) and a Self-Regulatory Organisation (SRO) registered by the Securities and Exchange Commission (SEC) to provide regulatory services in the Nigerian Capital Market. We are seeking a highly skilled and knowledgeable professional with a strong understanding of the Nigerian Capital Market.
• S/he will be involved with monitoring activities of Trading License Holders (TLH) to ensure they operate in compliance with rules and regulations of Nigerian Exchange Group.
• S/he will enforce “rules” when incidents occur. In addition, s/he will also have responsibility for reviewing financial and regulatory reports of Trading License Holders.

Key Responsibilities

• Review all periodic renditions submitted to Nigerian Exchange Group to ensure they comply with regulatory reporting format approved by NGX Regulation Limited.
• Review and analyse all periodic renditions from Trading License Holders (TLHs) and ensure renditions are prepared in line with relevant accounting standards, as well as rules and regulations governing Trading License Holders.
• Following up on Trading License Holders with outstanding documents or unresolved issues.
• Monitor activities of Trading License Holders to ensure they operate within minimum capital requirement of Nigerian Exchange Limited and apply appropriate sanctions in accordance with the rules in cases of non-compliance.
• Track and monitor submission of renditions (quarterly returns, monthly transaction reports and audited financial statements) of Trading License Holders on or before reporting date.
• Maintaining and updating database with all enforcement actions.
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• Recommend and ensure appropriate enforcement actions are carried out against defaulting Trading License Holders in line with rules and regulations governing Trading License Holders of Nigerian Exchange Limited
• Recommend appropriate enforcement actions against defaulting Dealing Member Firms in line with rules and regulations governing Trading License Holders of Nigerian Exchange Limited.
• Track submission of Vulnerability Assessment and Penetration Test (VAPT) Report.

Skill & Experience

• HND/Bachelor’s degree in Accounting, Finance, Economics, Statistics, or related fields.
• Masters or Professional qualifications in Finance i.e. ACA, ACCA, CPA etc.
• Minimum of 4 years’ cognate experience in Financial Service sector or reputable Audit firm.
• Ability to maintain strictest level of confidentiality and express high standards of professionalism.
• Experience in Forensic Audit and Risk Based Audit.
• Strong knowledge and experience of International Financial Reporting Standard.
• Strong analytical skills and comfortable with figures.
• Excellent leadership and Communication skills.