Job Openings at Providus Bank

Job Summary

To ensure compliance with all regulations governing banking operations, including but not limited to regulatory guidance, policies, and procedures, by analysing risk and reviewing compliance issues/concerns within the branch/cluster and supporting the maintenance of a robust control environment across the bank.

Responsibilities

• Daily reviews of branches activities (Customer onboarding and Transaction processing) to ascertain the level of Compliance with all applicable regulations and AML/CFT programs at the branch/cluster level.
• Daily Risk-based review of newly opened accounts for complete of account opening documentation and adequacy of customers’ information.
• Daily liaison with branches and resolution of compliance and AML/CFT issues in the branches, to raise the visibility of compliance and manages ad hoc compliance related projects as required.
• Carry out monthly review of regulatory notices in branches and drive regularization of the regularization of exceptions noted.
• Conducts monthly training on AML/CFT and/or other compliance related areas across the bank/branches.
• Tracks all cases of compliance breaches in branches, evaluates implications on the bank’s business and prepares Monthly report for the Chief Compliance Officer and management on the Bank’s level of compliance with laws and regulations.
• Identifies potential areas of compliance vulnerability and risk through monthly and quarterly analysis and assessment, proposes corrective action plans for problematic issues and provides guidance on resolution and future prevention and/or mitigation..
• Daily review of the level of Compliance with regulatory requirement on Customer profiling/Risk rating and advise Enhanced Due diligence for high-risk customers.
• Daily review of the rate of Compliance with regulation and best practice on watchlist and PEPs screening at the time of customer onboarding
• Prepare Compliance awareness memo for monthly sensitization of staff on Compliance and AML/CFT issues and liaise with corporate communication for publication of the memo.
• Identify training needs, assist in developing and presenting compliance training sessions for all staff in line with regulation.
• Weekly reviews and reports on all forms of compliance breaches to the Chief Compliance Officer 

Requirements

• Minimum of bachelor’s degree
• At least 5 years banking experience in compliance, internal control & operations
• Professional Compliance Certification (CAMS, CRCMP AND DCP) preferred.
• Knowledge and use of technology-based tools for controls and data security compliance
• Knowledge of Internal Audit, Internal control, and compliance
• Regulatory liaison and regulator audit management
• Attention to details.
• Problem solving
• Understanding of risk & regulatory requirements

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Job Summary

To ensure adherence to regulatory policies and directives by Planning, implementing, and monitoring risk-related programs. Implement and manage an effective Due Diligence program by creating and coordinating procedures for onboarding high risk customers. Developing an effective compliance communication strategy by developing, coordinating, and scheduling required compliance training for employees.

Responsibilities

• Interfaces with key regulatory agencies and Law Enforcement agencies i.e. NDIC, CBN, FIRS, EFCC, NPF, NCS, DSS, NDLEA etc. Liaise with regulators as advised by CCO/co-ordinate requirements for routine regulatory examination.
• Coordinates responses to regulatory/law enforcement letters of enquiry i.e. EFCC, CBN, NDLEA.  Respond to Law enforcement enquiries with a turnaround time of 48hrs.
• Prepares and implement the compliance AML/CFT training programme. To identify gaps and enable the development of tailored training programme which will cultivate the required skill set to drive the expected change.
• Administers the Compliance Help Desk and provides daily reports on emerging compliance issues, new regulations and other compliance events.
• Compiles and consolidates Frequently asked Questions on all Compliance areas of Concern and emerging risk.
• To send out weekly compliance Nuggets to stakeholders based on observed compliance risk.
• Implements and monitor the adherence to compliance. Promoting compliance awareness and culture. Offer Compliance Advisory to SBU and Staff on Compliance Matters
• Designs compliance fliers and memos that are targeted at educating staff on various areas of compliance.
• Carries out routine Compliance check on the Bank compliance Status on regulatory directives and provide feedback to CCO.
• Conducts Due Diligence on specific subject of interest seeking to establish relationship with the bank, in line with CDD procedures for correspondent banks, financial partners and high-risk customers.
• Carries out Due Diligence review on FCY transfers (incoming/outgoing). Maintain and periodically review the Good guy list on FCY transfers for expiration of approvals and qualification of new customers for inclusion.
• Carries out Due Diligence on Fintech Merchants and assess Regulatory and Money laundering risk. Continuous monitoring of Fintech related activities.
• Coordinates Correspondent bank AML status KYC/CDD verification /calls/visits and make relevant reports.
• Monitors and maintain dashboard on all High-risk accounts bank-wide, and tracks and update KYC status of high-risk accounts bank-wide.
• Prepares monthly reports on all activities of the Regulatory Compliance (Advisory) & Customer Due Diligence desk for the month under review.
• Consolidates and prepares half-year and full-year reports on all activities of the Regulatory Compliance (Advisory) & Customer Due desk within the period under review.

Requirements

• Minimum of bachelor’s degree in any course of study
• At least 5 years banking experience in compliance, internal control & operations
• Professional Compliance Certification (CAMS, CRCMP AND DCP) preferred.
• Understanding of risk & regulatory requirements
• Knowledge and use of technology-based tools for controls and data security compliance.