Legal and Compliance Officer at Ascentech Services Limited

Job Overview:

• The candidate will be responsible for ensuring our business operations and procedures comply with regulations (industry, legal or legislative, social-cultural or communal, global best practice or engage in any activity that may advent event that threatens the going concern of financial institution) and internal policies. In this position, you will perform a range of duties including evaluating all current and new compliance regulations, reviewing company processes, and leading training sessions.
• You are expected to be an excellent communicator, with in-depth knowledge of the latest industry procedures and regulations.

Responsibilities

Legal:

• Support to provide analysis of legal and policy issues
• Support in co-ordinating the writing and updating of processes, procedures, and other guides relating to operations
• Review contracts, legal-related documents, and internal policies and ensure they are in incompliance with all statutory or legal requirements
• Support to manage the Institution’s charged-off loans and non-performing assets
• Provide legal counsel to recover outstanding debts from defaulting Customers.
• Conduct research into a variety of legal issues.
• Examine and report newly published laws, acts, and regulations and ascertain these affect the institution’s business
• Perfecting of legal documentation.
• Support in recommending operating policy and procedural improvements.
• Keep abreast with all government legislations and CBN policies that may affect operations and present opinion/advice on the same
• Provide support for all Law Enforcement related matters when required to do so
• Support to develop comprehensive reports on matters that are to be instituted in Court

Compliance

• Support to create necessary awareness of regulatory and supervisory provisions, circulars, directives, and legislations affecting the bank’s operation and objectives
• Support to collaborate with the HR department to provide periodic training for staff on regulatory compliance.
• Follow up on approved recommendations of CBN, NDIC, etc.
• Ensure full compliance with monthly reporting to regulatory bodies CBN, NDIC, EFCC, and Credit bureaux.
• Prepare evaluation report on compliance to the management on a monthly basis

Requirements

• Education level: A degree in Law and a relevant professional certification is an advantage.
• Must have a minimum of Two (2) years post-call legal experience out of which a minimum of twelve (12) months in a financial institution.