Compliance Executive at RavenPay Limited

Responsibilities
Regulatory Compliance:

• Monitor and ensure compliance with all relevant Nigerian banking laws, regulations, and industry standards, including the Central Bank of Nigeria (CBN) guidelines.
• Conduct regular compliance reviews and audits to identify potential risks and ensure adherence to regulatory requirements.
• Develop and implement compliance policies, procedures, and internal controls to mitigate risks and prevent non-compliance.
• Provide guidance and training to staff on compliance matters.
• Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF):
• Develop and implement AML/CTF policies, procedures, and controls per international standards.
• Conduct customer due diligence (CDD) and enhanced due diligence (EDD) as required.
• Monitor transactions for suspicious activity and report any potential money laundering or terrorist financing activities to the relevant authorities.
• Coordinate with law enforcement agencies and regulatory bodies as needed.
• Risk Management:
• Identify, assess, and manage compliance risks associated with the bank's operations.
• Develop and implement risk mitigation strategies to minimize compliance-related losses.
• Monitor and report on compliance risk indicators.

Governance:

• Assist in the development and implementation of the bank's governance framework.
• Provide advice and support to the board of directors and management on compliance matters.
• Ensure that the bank's compliance function is adequately resourced and supported.

Qualifications

• Bachelor's Degree in Law, Finance, or a related field.
• Certification in compliance (e.g., Certified Anti-Money Laundering Specialist (CAMS)) is preferred.
• Certificate in Designate Compliance Professional (DCP) is also an added advantage
• An experienced compliance officer within the financial services industry, preferably in a microfinance bank.
• Strong understanding of Nigerian banking regulations and industry best practices.
• Proven experience in developing and implementing compliance policies and procedures.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.