Compliance Specialist at Maritime Microfinance Bank Limited (MMFB)

Purpose of the Position

• The role is to ensure the Bank’s risks are properly managed, the development and implementation of risk and compliance strategies or programs in order to find appropriate balance in all forms of credit and operational risks while also ensuring regulatory compliance.

The main areas of this employment are:

• Risk Management (credit and non-credit risk)
• AML (Anti Money Laundering)
• Enterprise Risk
• Fraud Prevention and detection
• Business Continuity
• Compliance.

Key Functions

• Oversee and enforce risk management policies, including Credit Manual, Anti-Money Laundering (AML) Manual and Policy, and monitor compliance with these policies.
• Develop appropriate Risk Management strategies/tools and disseminate appropriate risk management practices in line with developments in business products, change in clients, markets/industry, laws and regulations.
• Own and ensure that the KYC/AML & CTF policies are kept up to date in line with CBN’s / FATF regulations.
• Ensure that Members of Staff are familiar with the KYC/AML & CTF regulations pertinent to their jobs.
• Carry out internal training / refresher training for all staff to ensure that they suitably trained.
• Provide an independent review of proposed business plans which include risks identified to the Board Risk Committee and Executive Committee.
• Manage a comprehensive KYC/AML/CTF Compliance program for the company in line with local regulations and internal policy requirements.
• Developing systems to generate a robust system to identify, monitor, manage and control credit, market and operational risks.
• Act as the champion of risk management for the Company and help improve Management team understanding of key risk identification, assessment, monitoring and reporting and mitigation.
• Monitor and manage the performance and development of direct reports.

Qualifications

• Minimum of Degree in Finance, Economic, Business Administration etc. from a reputable University and Post graduate degree an added advantage
• Minimum of 3 years working experience in risk management, internal control or audit in financial services industry/sector.
• Experience of development of policy documents added advantage
• Highly proficient with MS Office.