Head of Compliance at iRecharge Tech-Innovations

• The Head of Compliance responsible for overseeing and managing the digital bank’s compliance framework to ensure adherence to all regulatory requirements, internal policies, and industry standards. This role involves developing and implementing the compliance framework, monitoring regulatory changes, overseeing KYC, AML/CFT controls, and providing strategic guidance to the Board and Management to mitigate regulatory risk and uphold the bank’s license to operate.

Key responsibilities

• Develop, implement, and oversee a comprehensive compliance framework aligned with regulatory requirements and industry best practices.
• Ensure full compliance with applicable regulations, including CBN guidelines, AML/CFT requirements, and data protection laws.
• Lead regulatory engagement, acting as the primary liaison with regulators and coordinating examinations, audits, and inquiries.
• Oversee KYC and CDD processes, transaction monitoring, and suspicious activity reporting to ensure effective financial crime compliance.
• Conduct enterprise-wide compliance risk assessments and monitor regulatory developments to proactively manage emerging risks.
• Review and validate statutory and regulatory returns, ensuring accuracy, completeness, and timely submission.
• Provide strategic compliance advisory to management and the Board, including reporting on compliance performance, breaches, and remediation efforts.

`Requirements

• Bachelor’s degree in Law or a related discipline, with a Master’s degree or relevant legal qualification as an added advantage.
• Minimum of 5–7 years’ experience in compliance, regulatory, or risk management within banking, fintech, or financial services, including at least 4 years in a leadership role.
• Strong knowledge of CBN regulatory frameworks and fintech or microfinance banking compliance requirements.
• In-depth understanding of key regulatory and statutory frameworks, including BOFIA, CAMA, NDPA, NFIU, NDIC, and anti-money laundering laws.
• Proven experience in SCUML reporting and financial reporting in line with Financial Reporting Council requirements.
• Demonstrated ability to interpret complex regulations and translate them into practical, business aligned processes.
• Strong leadership, communication, and stakeholder management skills, with proficiency in compliance systems and data analysis tools.