Compliance Manager at Moniepoint Inc.

About the role:

• The Compliance Manager will be responsible for recommending/establishing an adequate compliance framework to prevent money laundering and assist in all matters concerning financial crimes. The overall objective is to utilize established disciplinary knowledge to identify, monitor, and assess regulatory changes, emerging risks, and industry trends to identify potential compliance issues and recommend appropriate actions.

What you’ll get to do:

• Develop policies to comply with Anti-Money Laundering(AML) Combating Financing of Terrorism (CFT) and Countering Proliferation Financing(CPF) laws and regulatory directives.
• Adopt a risk-based approach in the identification, assessment, and management of ML/TF/PF risks in line with the requirements of the Central Bank of Nigeria.
• Liaise with regulatory authorities especially the Office of Trade and Exchange Department of the Central Bank of Nigeria, and NFIU and ensure prompt compliance with requests made pursuant to AML/CFT/CPF legislations and provide information upon requests by other competent authorities.
• Identify, vet, and address potential risks or escalated issues related to international money transfers with the assistance of functional partners and key stakeholders.
• Utilize information from regulatory changes, new regulations, and internal policy changes to further identify new key risk areas. 
• Formulate and implement internal controls and other procedures to deter bad actors from using the organization's platform for ML/TF/PF.
• Analyze comparative data, prepare and present reports related to AML risk assessments, and monitor AML-related issues and escalations.
• Develop approaches/action plans to compliance and control issues by weighing various alternatives and balancing potentially conflicting situations
• Create and develop AML Compliance Risk Management (ACRM) standards and policies.
• Ensure systems are put in place to identify and report suspicious transactions to relevant authorities. Conduct due diligence reviews and risk assessments.
• Prepare and submit regulatory filings, reports, and disclosures as required by applicable laws and regulations.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the Company’s reputation and safeguarding its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behavior, conduct, and business practices, and escalating, managing and reporting control issues.
• Provide leadership to the team members by coaching, designing, and implementing compliance training plans throughout the organization. 
• Collaborate with cross-functional teams, including legal, human resources, finance, and operations to address compliance issues and implement solutions
• Maintain accurate records of compliance activities, including audit findings, investigation reports, training records, and compliance documentation.
• Respond to compliance inquiries from internal and external stakeholders

About you: 

• A minimum of 5 years of relevant experience in AML Compliance, Risk, or a Control-related function within a medium or large Financial Institution.
• Knowledge of Payments, Foreign Exchange market transactions, diaspora remittances, and foreign capital inflow
• Knowledge of Anti-Money Laundering (AML) requirements applicable to Banks generally and in particular IMTO’s.
• Knowledge of the corporate governance structure, permissible and non-permissible activities of IMTOs in Nigeria
• Membership of a reputable compliance organization e.g. Compliance Institute of Nigeria.
• Consistently demonstrates clear and concise written and verbal communication skills.
• IMTO work experience is desirable