Risk and Compliance Head at Bankly

​​​​​​​DUTIES/RESPONSIBILITIES

Key Responsibilities:

• Defining the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization.
• Developing the annual compliance work plan that reflects the organization’s unique characteristics.
• Reviewing, drafting, negotiating, and structuring a broad range of commercial contracts, including but not limited to SLAs, IT services agreements, such as Cloud and SaaS arrangements, intragroup arrangements, partnership agreements and other ancillary business agreements.
• Work closely with the Group businesses and the Sales Team at various stages of the contracting process. This includes:
  • Supporting the pre-contracting process, e.g., inputting and reviewing RFIs and RFPs in line with contracting guidelines and best practices.
  • Preparing contract summaries, risk reports and stakeholder briefing documents.
• Develop integrated relationships and credibility with key members of businesses and across Group functions.
• Liaise with and manage relations with relevant stakeholders (including business/tech / HR /marketing colleagues) to deliver a high standard of advice, acting as the initial point of contact/support and trusted adviser.
• Provide risk management advice to the business.
• Ensure governance practices and monitor the effectiveness of controls.
• Create and constantly review the organization's Compliance rule book to ensure all regulatory and reporting requirements are adhered to.
• Sensitize customer-facing units on proper Customer Onboarding processes and AML/CFT Controls in line with the CBN provisions and Global Best practices.
• Develop and implement policies and procedures across all business units to address the company’s objectives and regulators' direction.
• Conduct compliance audits and prepare reports to the management and Board/Board Committee.
• Communicate with regulators, auditors, and other stakeholders to ensure compliance with financial regulations and resolve any compliance issues that may arise.
• Maintain records of compliance activities including regulator audits, outcomes of investigations and training brochures.
• Monitoring Financial services spaces, stay up to date with regulatory changes and ensuring the business is promptly aware of the opportunities or risk exposures.

Qualifications and Skills:

• Extensive experience (minimum 7 years) in the financial services industry, with a focus on microfinance or banking.
• Proven track record in senior leadership roles, with experience in strategic planning, financial management, and risk management.
• Strong understanding of microfinance operations, regulations, and industry best practices.
• An in-depth understanding of the financial services industry or demonstrable wide-ranging commercial experience.
• A business-oriented lawyer with the breadth of experience to cover a broad base of legal and commercial issues across a variety of Group businesses.
• Ability to think strategically and creatively and view legal issues in their wider context and advise accordingly.