Compliance Officer at Confidence Microfinance Bank

The compliance officer is responsible for ensuring that the bank adheres to all regulatory requirements, internal policies, and industry standards. The role involves monitoring compliance risks, implementing policies and providing guidance to ensure ethical and legal business operations.

Key Responsibilities:

• Develop, implement and oversee the bank's compliance programs and policies.
• Monitor regulatory changes and ensure the bank remains compliant with financial laws and industry regulations.
• Conduct internal audits and compliance risks assessments to identify and mitigate risks.
• Provide training and continuous education to employees on compliance requirements and ethical practices.
• Investigate and report any compliance violations, suspicious transactions or fraud cases.
• Serve as the primary liaison with regulatory bodies and ensure timely submission of required reports.
• Maintain comprehensive records of compliance related activities and support external audits.
• Develop strategies to enhance the bank's compliance culture and regulatory adherence.

Requirements:

• Bachelor's Degree in Accounting, Finance, Business Administration, Economic or a related field from a reputable institution.
•  Minimum of 3 years of experience in Compliance, Risk Management, or regulatory affairs within the financial sector.
• Strong knowledge of financial regulations, including CBN guildlines, AML/CDT laws, KYC policies, and data protection regulations.
• Experience in anti-money laundering (AML), financial crime risk, regulatory reporting, fraud detection, and financial crime risk assessment.
• Excellent analytic, problem-solving, and decision making skills with strong attention to detail.
• Ability to interpret and implement complex regulatory requirements effectively.
• Proficiency in compliance management software and risk assessment tools.
• Professional certification is mandatory (e.g., CAMS, CCEP, ICAN, ACCA, CRCM, FRM or similar).
• Strong interpersonal and communication skills to engage with regulatory authorities and internal stakeholders.
• Microfinance Certification (MCD) is an added advantage.