Compliance & Internal Control Officer at VendorCredit

Key Responsibilities:

Regulatory Compliance:

• Monitor and ensure VendorCredit’s adherence to applicable Nigerian and international laws, regulations, and guidelines, including AML/CFT, data protection, consumer protection, and fintech-specific regulations.
• Maintain an up-to-date understanding of regulatory changes and advise the Head, Legal & Compliance and relevant business units on implications.
• Prepare periodic regulatory compliance reports for management and regulatory submissions as required.

KYC/KYB and Onboarding Oversight:

• Support the implementation and enforcement of VendorCredit’s KYC/KYB policies and procedures.
• Review client and counterparty onboarding documentation to ensure compliance with internal standards and regulatory requirements.
• Monitor ongoing due diligence, transaction patterns, and risk indicators to detect suspicious activity.
• Collaborate with Operations, Risk, and Legal teams to strengthen controls over onboarding, verification, and periodic refresh of client information.

​​​​​​​ Internal Controls:

• Assess and test internal control processes across VendorCredit’s operations to ensure efficiency, reliability, and compliance with company policies.
• Identify gaps in control frameworks and recommend corrective actions.
• Work with business units to implement robust controls, monitoring mechanisms, and preventive measures.

​​​​​​​Risk Management:

• Support the Risk and Compliance function in identifying, assessing, and mitigating operational and compliance risks.
• Collaborate with the Risk team to ensure alignment of internal control practices with risk appetite and policies.

​​​​​​​​​​​​​​Monitoring and Reporting:

• Conduct periodic compliance and internal control audits across business functions.
• Investigate compliance breaches, internal control lapses, or irregularities, and report findings to the Head, Legal & Compliance.
• Assist in preparing monthly and quarterly compliance, internal control, and KYC/KYB monitoring reports for the CRO and Board Risk & Audit Committees.

​​​​​​​Training and Awareness:

• Support the delivery of compliance, KYC/KYB, and control awareness programs for employees.
• Provide guidance and coaching to staff on internal policies, regulatory requirements, and control responsibilities.

Qualifications & Experience:

• Bachelor’s degree in Law, Accounting, Finance, Business Administration, or related field.
• Professional certifications such as DCP, ICA, ACAMS, CCEP, or equivalent are an advantage.
• Minimum of 3–5 years’ experience in compliance, internal control, or risk management within financial services, fintech, or related sectors.
• Strong knowledge of Nigerian regulatory environment (CBN, SEC, FCCPC, EFCC) and KYC/KYB best practices.
• Proven ability to assess internal controls, perform audits, implement compliance programs, and manage onboarding compliance.

Skills & Competencies:

• Analytical and detail-oriented, with strong problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work independently and collaboratively with multiple business units.
• High ethical standards and integrity.
• Proficiency in MS Office and compliance/risk management software.

Key Performance Indicators (KPIs):

• Timely completion of compliance, internal control, and KYC/KYB audits.
• Number of control gaps identified and successfully remediated.
• Accuracy and timeliness of compliance and KYC/KYB reports to management and regulators.
• Training sessions delivered and staff compliance/KYC awareness levels.
• Reduction in onboarding errors or compliance breaches related to KYC/KYB.