Compliance Officer, IMTO Business at Konga Online Shopping Limited

Job description

• We are looking for an experienced Compliance Officer to join our Compliance team at a Central Bank of Nigeria (CBN) licensed International Money Transfer Operator (IMTO).
• Reporting directly to the Chief Compliance Officer (CCO), the successful candidate will be responsible for overseeing and ensuring the organization’s compliance with relevant regulations, laws, and internal policies.
• This includes managing anti-money laundering (AML) and combating the financing of terrorism (CFT) programs, ensuring proper adherence to KYC (Know Your Customer) standards, and helping to mitigate risks in the financial operations of the business.

Key Responsibilities:

• Support the Chief Compliance Officer in managing the company’s overall compliance program and ensuring adherence to all relevant CBN, Nigerian, and international financial regulations.
• Assist in monitoring and reviewing regulatory changes and ensure the company’s policies and procedures are updated accordingly.
• Perform detailed assessments of the company’s operations to ensure compliance with regulatory requirements, especially around AML/CFT regulations, KYC standards, and remittance services.
• Conduct regular audits and compliance reviews to assess internal controls, operational risks, and compliance gaps.
• Oversee the KYC process, including customer due diligence (CDD), enhanced due diligence (EDD), and periodic reviews, ensuring accurate documentation and reporting practices.
• Assist in the development, implementation, and delivery of compliance training programs for staff across the organization.
• Report suspicious activities and significant compliance issues to the Chief
• Compliance Officer and other senior management members as necessary.
• Collaborate with internal departments, including operations, legal, and risk management, to identify and resolve compliance issues.
• Prepare and submit timely reports on compliance status, audit findings, and regulatory matters to the Chief Compliance Officer and relevant authorities.
• Provide recommendations for improvements to the compliance framework and internal controls based on risk assessments, audits, and changing regulations.
• Monitor and support the implementation of corrective actions stemming from compliance reviews and regulatory audits.
• Assist the Chief Compliance Officer in preparing for external audits, regulatory
• inspections, and assessments by the Central Bank of Nigeria and other stakeholders.

Required Qualifications and Experience:

• Bachelor's degree in Law, Finance, Accounting, Business Administration, or a related field.
• Minimum of 4 years of experience in compliance or risk management, preferably within a Central Bank of Nigeria licensed IMTO.
• Strong understanding of Nigerian financial regulations, CBN regulations,
• AML/CFT requirements, and global financial standards.
• Proficient in conducting compliance audits, risk assessments, and regulatory reporting.
• In-depth knowledge of KYC/CDD/EDD processes, as well as the regulatory frameworks that govern the remittance industry.
• Ability to work independently and as part of a team, managing multiple priorities and deadlines.
• Strong analytical, problem-solving, and decision-making abilities.
• High level of integrity, ethics, and professionalism in handling sensitive information.
• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and compliance management tools.

Desirable Skills and Attributes:

• Professional certifications in AML (e.g., CAMS, CFE ICA) or related compliance fields would be advantageous.
• Knowledge of international best practices in financial compliance, fraud prevention, and risk management.
• Strong interpersonal and communication skills, with the ability to interact effectively with colleagues, regulators, and external parties.
• A proactive and solution-oriented approach to compliance challenges.
• High attention to detail with the ability to think strategically about risk mitigation.