Head of Compliance - Nigeria at Fosad Consulting

Job Description

• Support with delivery of key elements of compliance programme activities (including implementation of risk and compliance framework for examples, risk assessments, control testing, AML/CTF training, regulatory reviews, obligations register) ensuring the respective deadlines are met.
• Identify log and monitor compliance Issues. Proactively partner with the business to complete remediation work within the required deadlines. Produce regular metrics and programme status updates as and when needed.
• Assist with ad hoc projects, monitoring tasks and regulatory change initiatives.
• Promoting a good compliance culture and assisting the business in complying with relevant laws and regulations.
• Determine regulatory reporting of events. Prepare reports and communications to Regulatory Authorities and ensure filing within the required timeframe to CBN and Financial intelligence Authority(FIU).
• Escalate high priority issues as well as identified business risks to the appropriate management level with managing risks relating to payments.
• Providing support and advice to the business to ensure compliance with regulatory requirements and other applicable international regulation including delivering the firm’s compliance programme.
• Validating and reporting any suspicious transactions through reports and raising SAR/STR wherever required with the FIU.
• Undertaking one-off reviews deep dives and assessments of business line compliance particularly with new regulatory obligations.
• Acting as the subject matter expert for specific areas of regulation providing support and guidance on requirements and overseeing the firm’s control environment.
• Supporting the risk and compliance team in other functions as needed which include reviewing cross-border guidelines and preparing board and senior management reports and conducting client contract reviews.
• Assist in performing monitoring and surveillance reviews when we have identified and mitigated any compliance risks or gaps identified.
• Supporting business and support units in completing their risk assessments (RAs) for processes, new changes and initiatives.
• Ensure that appropriate risk and control self-assessment (RCSAs) reviews are done in a timely manner.
• Support business and support units in reporting their incidents and losses.
• Provide and facilitate training and awareness to staff across the company.
• Any other risk and compliance duties that may be assigned from time to time.

Requirements

• Degree level of education with a particular preference for accounting, legal, Risk/Compliance background.
• Compliance qualifications from ACAMS, ACFCS and ICA would be a distinct advantage.
• 5+ years experience in a Compliance related role
• 3+ years experience in a managerialrole
• Experience working within a regulatory framework desirable.
• Experience working in risk or compliance review or monitoring role and reviewing regulations and ensuring control in place to adhere to regulatory requirements.
• Good PC skills (Microsoft Excel and Word essential – PowerPoint useful).
• Good report writing and presentation skills.
• Focused attitude to work with the ability to constantly meet deadlines while ensuring attention to detail, and high level of accuracy.
• Interpersonal and communication skills.
• Enthusiasm to work in a fast-paced, dynamic environment with the appetite to learn and develop skills as both the business and the regulatory environment evolve.
• Self-starter. Ability to drive forward work plan under little supervision.
• High standard of accuracy and excellent attention to detail
• Excellent organizational skills
• 5+ years experience in a Compliance related role.