Regulatory Liaison Officer at Moniepoint Inc.

About The Role

• As a Regulatory Liaison Officer, you will support the Head Regulatory Compliance in ensuring regulatory compliance across the organization. Your primary role will be to serve as a liaison between the Compliance team and Product Development team, other internal stakeholders and regulators where applicable on compliance matters under the supervision of the Head, Regulatory Compliance.

Key Duties And Expectations

Regulatory Liaison:

• Build and maintain relationships with regulatory bodies, internal auditors, and external auditors.
• Facilitate communication and collaboration between stakeholders to ensure compliance.

Product Compliance

• Collaborate with Product Development to ensure compliance-related risks are understood and addressed.
• Attend all standups and meetings to give guidance and context on regulatory compliance issues
• Facilitate the design and implementation of product risk assessments and compliance certificates.

Regulatory Knowledge

• Maintain in-depth knowledge of regulatory requirements, products, and services.
• Translate compliance requirements for Product personnel and recommend strategies to enhance collaboration.

Compliance Support

• Provide compliance expertise and support to stakeholders, including Product teams, Internal Auditors, and External Auditors.
• Ensure timely submission of regulatory returns and maintenance of compliance policies and SOPs.

Risk Management

• Identify and escalate compliance risks, issues, and impacts.
• Recommend potential compliance controls and ensure the ML/TF/PF Enterprise Risk Assessment is up-to-date and conducted timely.

Regulatory Reporting

• Identify and ensure rendition of all regulatory returns periodically.
• Follow up with relevant parties to ensure all reports not within the compliance function are rendered as promptly.

Training And Awareness

• Ensure the annual training plan is complied with by ensuring prompt planning and timely completion of all trainings per time
• Follow up with other functions to ensure that proposed training and awareness are done timely and as expected.

Antibribery And Corruption Program

• Ensure that the the Antibribery and Corruption risk assessment is done periodically
• Ensure the Antibribery and Corruption Program is implemented in line with laid down processes.

Key Deliverables

• Ensure compliance-related risks are understood and addressed across Product Development.
• Maintain accurate and up-to-date knowledge of regulatory requirements and products/services, showcase this by ensuring the organization is not exposed to any regulatory penalty.
• Provide effective compliance support to stakeholders.
• Identify,escalate and follow up with relevant parties to regularize all observed compliance risks and issues.
• Ensure timely submission of regulatory returns and maintenance of up to date compliance policies and SOPs.

Education
Qualifications & Requirements

• HND or Bachelor's degree in Accounting, Finance, Law, Criminology, or a related field. MBA/Masters Degree in Banking and Finance, Management, Accounting or a related field will be an added advantage.

Experience

• Minimum of 3 to 5 years’ experience in Compliance, Risk Management, Internal Control, preferably in Payments Industry, fintech or banking environment.
• Familiarity and in-depth understanding of regulatory reporting requirements.

Skills & Competencies

• Strong investigative and analytical skills with the ability to interpret transactional data and identify suspicious activity.
• Experience in regulatory compliance in a CBN regulated environment.
• Knowledge of data protection/privacy requirements.
• Excellent verbal and written communication skills, including the ability to write reports, policy documents, SOP’s.document investigations clearly and professionally.
• Strong attention to detail and the ability to manage multiple cases simultaneously. Ability to work independently and collaboratively in a fast-paced environment.

Preferred/Additional Qualifications

• Professional certifications in compliance such as: Designate Compliance Professional (DCP) is compulsory.
• Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), etc.will be an added advantage.