Legal and Compliance Officer/ Company Secretary at Checkoff Credit System

Key Responsibilities

• Develop and implement compliance strategies aligned with regulatory requirements (e.g., CBN, NFIU, AML/CFT).
• Stay updated on regulatory developments and ensure proactive adaptation of policies and processes.
• Conduct organization-wide risk assessments to identify and mitigate compliance risks, aiming for a 20% reduction in identified risks each cycle.
• Maintain a compliance risk register that is updated quarterly, ensuring that all high-risk items are actively monitored and addressed.
• Lead internal and external audits, ensuring timely reporting and remediation of issues.
• Oversee timely and accurate submission of statutory reports to regulatory bodies such as the CBN and NFIU on time, aiming for 100% compliance with reporting deadlines.
• Maintain a reporting calendar that tracks all regulatory submissions, ensuring all reports are filed within specified time frames.
• Build and maintain effective relationships with regulatory authorities to ensure smooth compliance operations.
• Manage compliance breaches or investigations, conducting root cause analyses and implementing corrective action plans with a 90% success rate in preventing recurrence.
• Prepare and deliver training on compliance topics to staff and management.
• Organize, prepare for, and coordinate Board and committee meetings, including preparing agendas, minutes, and resolutions. 
• Ensure that the Board operates within the legal and regulatory framework governing the organization.
• Advise the Board on governance best practices, statutory obligations, and ethical standards to maintain compliance.
• Maintain statutory registers and oversee timely filings with the Corporate Affairs Commission (CAC) and other regulatory bodies.
• Provide strategic legal advice to the Board and management on key decisions, ensuring alignment with legal and regulatory requirements.
• Manage legal risks by reviewing contracts and legal documentation to safeguard the company’s interests.
• Conduct regular compliance audits to ensure 95% adherence to internal policies and external regulations.
• Track and resolve compliance issues identified during audits, targeting resolution within 30 days.
• Implement compliance training programs, achieving 80% pass rates in assessments.
• Promote a culture of compliance through consistent communication and education efforts.
• Evaluate and enhance legal and compliance processes to improve efficiency and reduce risks.
• Propose innovative compliance solutions that align with the company’s goals

Qualifications and Experience

• A Bachelor's degree in Law.
• Minimum of 5 years of experience in a senior legal, compliance, or corporate governance role, with at least 2 years in a financial institution or regulated industry.
• Solid understanding of local and international regulatory frameworks, including AML/CFT, NFIU, CBN regulations, and corporate governance principles.

Skills and Expertise:

• Proficient in conducting audits, risk assessments, and regulatory reporting, ensuring accuracy and timeliness.
• Skilled in preparing board-level reports, drafting resolutions, and ensuring adherence to statutory and regulatory requirements.
• Experienced in organizing and recording Board and committee meetings, maintaining statutory books, and filing returns with regulatory authorities.
• Demonstrated ability to manage compliance incidents, oversee corrective action plans, and liaise with regulators, auditors, and internal stakeholders.
• Proficient in using compliance management tools and systems for efficient tracking, reporting, and documentation.
• Proven ability to lead investigations, corporate compliance initiatives, and cross-functional collaborations.

Key Competencies:

• Strong understanding of corporate governance and regulatory frameworks impacting Board operations.
• Excellent communication and interpersonal skills, with the ability to provide sound legal and governance advice to the Board and executive management.
• Exceptional organizational skills, attention to detail, and the ability to manage confidential and sensitive information.
• Strategic thinker with the capacity to align compliance and governance objectives with the organization’s broader business goals. 

Earnings Potential and Benefits: Pension + HMO + Team Breakfast and Lunch + Periodic Paid Training + More!