Legal & Compliance Officer at Credit Direct Limited

Job Summary

Support the Head, of Legal Compliance & Governance to ensure that Credit Direct adheres to all relevant laws, contractual and regulatory obligations, and internal policies while maintaining robust governance practices to minimise the company’s exposure to legal risks, liabilities and sanctions.

Job Details

Compliance Monitoring, Audits and Awareness:

• Ensure the organization’s activities comply with all relevant legal and regulatory requirements. 
• Maintain comprehensive documentation of compliance activities, findings, and actions taken.
• Conduct regular compliance audits to ensure adherence to internal policies and regulatory requirements.
• Develop, review, update and implement compliance programmes, policies and controls in line with relevant CBN regulations. 
• Monitor the Company’s activities to identify any potential regulatory infractions and proffer viable resolution measures. Also, evaluate internal processes, systems, and operations to uncover any vulnerabilities and develop strategies to mitigate risks. 
• Monitor regulatory changes by staying up to date with changes in laws, regulations, and industry standards to ensure that the company remains compliant. 
• Prompt preparation and submission of regulatory and statutory reports to requisite regulatory authorities including CBN and NFIU, as well as the Company’s Group Internal Audit (GIA). 
• Reporting and documentation of records of compliance activities, including incident reports, audits, and remedial actions. Also, prepare and submit reports to management and regulatory bodies as required. 
• Identify potential compliance issues and recommend corrective actions.
• Maintain accurate and up-to-date records of compliance activities and findings.
• Ensure accurate and timely reporting of compliance issues and resolutions. 
• Develop training materials and resources to support compliance education efforts.
• Facilitate training and awareness programmes across divisions and departments to educate staff members about their respective responsibilities and promote a culture of compliance.
• Monitor and report on the effectiveness of compliance training programs.

Legal Support:

• Drafting and review of legal documents including but not limited to agreements, letters and legal opinions, as well as provision of sound and instructional inputs that will guide contractual reviews and negotiations.
• Provision of timely advisory support across a variety of legal topics, including but not limited to labour law, contractual compliance and regulatory provisions.
• Conducting legal and non-legal research and providing analytical feedback upon which advice will be proffered to the requesting officer/team.
• Appropriately advise external counsel to either institute or defend new litigation cases on behalf of Credit Direct and ensure proper follow-up on such cases.
• Work with relevant teams within the business’s operations to appropriately resolve and manage customer complaints which are adversarial in nature.
• Oversee and coordinate the execution and delivery of all legal documents.
• Attendance of relevant meetings and documentation of minutes.

Other Support:

• Support the conduct of investigations into allegations of fraud and forgeries within or against the company by staff and/or external parties. This will involve gathering of evidence, interviewing employees, and recommending appropriate actions to address the issues. 
• Support with the maintenance of liaisons with external regulatory bodies and stakeholders to ensure the maintenance of open lines of communication. 
• Monitor changes in relevant laws and regulations and communicate updates to the Lead, Legal Compliance & Governance.
• Prepare and present compliance reports to the Lead, Legal Compliance & Governance.
• Other general administrative duties and responsibilities as assigned by the Head of Unit/Department.

Requirements

Education/ Professional Qualification:

• Bachelor’s degree in Law.
• Professional certifications in compliance (e.g., Certified Compliance & Ethics Professional (CCEP), Certified Regulatory Compliance Manager (CRCM)) are desirable.

Experience:

• Minimum of 2 - 5 years post-call work experience with a bank or finance company with adequate industry knowledge of relevant CBN regulations, AML/CFT policies, etc.
• Strong understanding of legal compliance principles, regulations, and governance frameworks.

Technical:

• Legal Advisory
• Legal Translation & Drafting 
• Corporate Secretarial Administration
• Regulatory Compliance
• Research
• Risk Management​
• Anti-Money Laundering/Countering the Financing of Terrorism/Combating Proliferation Financing (AML/CFT/CPF) Compliance.

Behavioural:

• Entrepreneurial Mindset
• Excellence
• Execution
• Energy
• Empathy
• Evolution
• Emotional Intelligence
• Business Acumen
• Decision-Making
• Result Oriented
• Strategic Thinking
• Communication written & verbal
• Stakeholder Management
• Developing Others
• Analytical Thinking
• Leading Change
• Managing Risk
• Service Orientation