Compliance Officer at Leadway Assurance Company

The role is required by regulation to ingrain good corporate governance and compliance culture into the fabric of insurance operation. It is expected to be embedded into the corporate strategy of the company. The long-term intent is to establish a sanction free compliance environment where the tone for compliance appreciation is set at the top. This should be reflected in being the most-compliant insurance entity in Nigeria.

This is an analyst role, where the holder will ensure that business activities are conducted in conformity with all applicable laws, regulations, internal policies and procedures while meeting its business goals. They will inculcate compliance at all business levels and track compliance level of all applicable regulations and be a key business enabler.

The role holder will be a strategic partner to the business responsible for developing compliance programs, reviewing company policies, and review business processes to identify possible violations while enforcing utmost compliance across the business.

These objectives will be achieved through effective:

• Management of compliance operational program and functions.
• Keep up to date with, and understand, relevant laws and regulations
• Monitor compliance with laws, regulations and internal policies
• Collaborate with other departments to create a culture of compliance.
• Develop and review Company polices applicable to business.
• Facilitate customer due diligence process and audits.
• Manage and maintain relationship with regulators and law enforcement agencies.
• Assess and review company operations to identify possible compliance violations through detailed reports.
• Document all findings through reports and escalate to Line manager & follow up so that issues can be rectified
• Coordinating and scheduling required compliance training for employees
• Rendition of all regulatory returns and management of regulatory dashboard.
• Dissemination of all regulatory information to concerned parties.
• Perform risk assessments to understand risk level, significance and scope
• Register of all business queries and possible fines.
• Responsible for sanction screening of onboarding clients.

Qualifications

Ideal Job Specifications

Academic:

• Bachelor’s Degree in law, finance, business management or any other related field.
• Master’s Degree will be an added advantage.
• Professional certification in Compliance is an added advantage.

Desired work experience:

• 2+ years’ work-experience,
• A proven knowledge of compliance programs and functions.
• Good understanding of the regulatory environment across financial institutions.
• A team player and assertiveness in expressing opinions.
• Ability to foster good work relationship and engagement with regulators.
• Good communication skill and Inter-personal relationship
• Good presentation skills and proficiency in Microsoft office suite.
• Be able to develop and review company policies.
• Conduct and facilitate relevant training to stakeholders on regulatory guidelines and circulars.
• Be familiar with rendition of regulatory reports to NAICOM, NFIU etc and AML CTF & Sanction screening.
• Strong experience in design thinking and innovating compliance related applications.
• Demonstrated actual practice to providing practical solution to compliance problems.