Compliance Manager at Lovonus Microfinance Bank

Location: Oyingbo, Lagos

Salary: N250,000 – N350,000

We are seeking an experienced Compliance Manager to oversee the bank’s regulatory compliance framework, ensure strict adherence to CBN, NDIC, and NIBSS guidelines, drive AML/CFT compliance, and manage risk across all operational and digital channels.

Key Responsibilities

• Formulate, update, and implement the bank’s compliance, regulatory, and AML/CFT policies
• Monitor daily operations to ensure full compliance with CBN directives, NDIC regulations, and internal controls
• Prepare and submit prompt statutory returns to regulatory bodies (CBN, NIBSS, NFIU, SEC, etc.)
• Manage regulatory reporting portals including goAML, RapidAML, NIBSS fraud portal, and BankOne software
• Oversee Enhanced Due Diligence (EDD) and Know Your Customer (KYC) onboarding frameworks
• Conduct periodic compliance reviews, risk assessments, and branch/operational audits
• Track, investigate, and report suspicious transactions, fraud attempts, and regulatory breaches
• Support regulatory inspections and liaise directly with external regulators and auditors
• Deliver regular AML/CFT and regulatory compliance training to staff across all departments
• Advise executive management on emerging regulatory trends, legal risks, and compliance requirements

Requirements

• Bachelor\'s Degree/HND in Law, Banking & Finance, Economics, Business Administration, Microfinance, or a related field
• 5-7 years’ experience in regulatory compliance, risk management, or internal control within a bank, MFB, or financial institution
• Deep understanding of CBN microfinance regulations, NFIU AML/CFT guidelines, and NDIC requirements
• Hands-on experience with core banking software (e.g., BankOne), goAML, RapidAML, and NIBSS portals
• Strong analytical, reporting, policy drafting, and risk assessment skills
• Proven track record of handling regulatory audits, reporting returns, and compliance reviews
• High level of integrity, attention to detail, and sound legal/regulatory judgment
• Professional certification such as ACIN (Associate, Compliance Institute Nigeria), CIBN MCP, or CAMS is a strong advantage
• Must reside in Lagos and should be principled, analytical, detail-oriented, and comfortable driving a proactive compliance culture across digital and traditional microfinance operations.