Compliance Manager at HRD Solutions

Job Objective / Summary

• The Compliance Manager will be responsible for implementing and overseeing compliance policies and procedures within the organisation to ensure the MfB is meeting regulatory requirements.
• The Manager will work closely with various divisions, departments and units of the MfB to identify and assess potential compliance risks develop and implement measures to mitigate these risks.

Duties & Responsibilities

• Implement and oversee compliance policies and procedures.
• Monitor regulatory developments and changes to ensure that policies and procedures are upto- date
• Lead compliance training programs for employees to ensure they understand their role in maintaining compliance
• Conduct risk assessments to identify potential compliance risks and develop strategies to mitigate them
• Monitor compliance with regulatory requirements and internal policies
• Report regularly to Chief Compliance Officer on compliance matters
• Collaborate with other departments to ensure compliance with regulatory requirements
• Oversee the implementation of effective compliance monitoring programs
• Third-Level review of account opening documents provided for KYC-adequacy and liaising with the Branches for remediation before transmission to Regulators.
• Responding to enquiries from branches and regulators on AML Reporting issues.
• Review data for completeness and adequacy before Submitting Currency Transaction Reports to NFIU.
• Review of Generated or Rejected Currency Transaction Reports to the NFIU
• Review for Completeness and Adequacy of Foreign Currency Transaction Reports to NFIU and CBN.
• Review of Newly Generated Opened High-Risk Accounts.
• Review of various Risk Based Supervision Reports to CBN and NFIU before submission
• Preparation and Submission of Monthly Compliance reports to the Chief Compliance Officer
• Provision of inputs for the preparation of Management Reports
• Review of Returns to CBN and NFIU on UN Sanctioned entities and individuals
• Review the Completeness and Adequacy of 3-tier KYC returns to CBN
• Preparation, and Submission of returns on Whistleblowing and Code of Corporate Governance to CBN.
• Develop an Annual Compliance Work Plan and Strategy
• Develop Annual AML/ Compliance Training Plan
• Respond to Letters and Requests from Regulators
• Prepare and coordinate Regulatory Examinations.

Working Conditions:

• The Manager will primarily work in an office environment but may be required to travel occasionally to attend meetings or training sessions.
• The role may require extended hours or occasional weekend work to meet deadlines or respond to compliance-related issues.

Education and Experience

• Education: First Degree (or equivalent) in Law, Finance, Business or any related course would.

Experience:

• A minimum of 3 years’ working experience in compliance or related financial services area
• Experience in compliance monitoring and audit /inspection programmes.

Knowledge:

• Specialist knowledge in
• Anti-Money Laundering
• Data Protection
• Financial Markets
• Fraud and Ethics.

Skills / Competencies:

• Strong Knowledge of regulatory requirements and industry best practices
• Excellent communication, interpersonal and analytical skills
• Strong attention to detail and ability to work independently
• Ability to manage multiple tasks and projects and prioritize effectively
• Strong Project Management Skills
• Professional certification in compliance or related filed is preferred.

Salary & Benefits

• Salary: N350,000 - N400,000 monthly.
• HMO, Life Insurance, Paid Leave and Allowance, 13th month and all other statutory benefits
• Opportunities for professional development and growth
• Supportive and collaborative work environment.