Senior Compliance Officer at straitPay

• The Senior Compliance Officer will be responsible for establishing and managing the Bank’s compliance framework, ensuring adherence to all applicable regulatory requirements, internal policies, and industry standards. 
• The role involves developing compliance policies, monitoring regulatory obligations, and providing oversight to ensure the Bank operates in full alignment with Central Bank of Nigeria (CBN) guidelines, NDIC requirements, and other statutory regulations. 
• The successful candidate will provide strategic direction on compliance matters and ensure the implementation of effective compliance systems within a startup digital microfinance banking environment.

Responsibilities

• Develop and implement the Bank’s Compliance Framework and Compliance Program. 
• Ensure full compliance with CBN regulations, NDIC requirements, and other statutory obligations. 
• Design and maintain compliance policies, procedures, and manuals.
• Monitor regulatory developments and ensure timely implementation of changes. 
• Provide advisory support to management on regulatory and compliance matters.
• Establish and manage compliance monitoring and reporting systems. 
• Coordinate regulatory filings, returns, and compliance reports. 
• Liaise with regulators and manage regulatory examinations and audits. 
• Conduct compliance reviews across all business units and functions.
• Support the implementation of AML/CFT policies and KYC frameworks. 
• Identify compliance risks and recommend appropriate mitigation measures. 
• Drive a strong compliance culture across the organization.

Education

• Bachelor’s degree in Law, Finance, Accounting, Economics, or related discipline 
• Professional certifications such as ACAMS, ICA, CIBN, or related compliance certifications are an added advantage 

Experience:

• Minimum of 10 years of experience in Compliance, Risk, or Regulatory functions within banking or financial services 
• At least 6 years in a senior compliance role 
• Strong experience in regulatory reporting and compliance monitoring
• Experience in microfinance banking or a fintech environment is an advantage 
• Demonstrated ability to develop compliance frameworks, policies, and systems.

Other Requirements:

• High level of integrity and ethical standards 
• Strong sense of responsibility and accountability 
• Ability to operate effectively in a startup environment with evolving structures
• Capacity to establish and implement compliance systems independently 
• Strong organizational and leadership capability

Skills:

• Strong knowledge of banking regulations and compliance frameworks 
• Understanding of CBN guidelines and microfinance banking operations 
• Knowledge of AML/CFT, KYC, and financial crime compliance 
• Strong analytical and risk assessment skills 
• High attention to detail and accuracy 
• Ability to interpret and apply regulatory requirements 
• Strong communication and stakeholder engagement skills 
• Ability to provide independent judgment and professional advice.

Remuneration

• Performance-based incentives linked to performance.