Director, Compliance & Risk Management at A Central Bank of Nigeria (CBN) Licensed Payment Solution Service Provider

Job Summary

Chief Compliance & Risk Officer ensures ERCAS functions in a legal and ethical manner while meeting its business goals. Responsible for developing compliance programs, reviewing company policies, and advising management on possible risks.
Responsible for ensuring a company's policies and procedures comply with regulatory and ethical standards. Performs regular audits, implement company policies, and design control systems.
Conducts extensive research and assessments to determine and reduce an organization's risks and liabilities.

Job Description and Accountabilities

Compliance Management

• Implement and manage an effective legal compliance program.
• Develop and review company policies and regulations.
• Advise management on the company’s compliance with laws and regulations through detailed reports.
• Oversee the company’s fiscal activity, including budgeting, reporting, and auditing.
• Create and manage effective action plans in response to audit discoveries and compliance violations. Design and monitor control systems to deal with violations of legal rules and internal policies.
• Assure legal and regulatory documents are filed and monitor compliance with laws and regulations.
• Regularly audit company procedures, practices, and documents to identify possible weaknesses or risk. Regularly assess the efficiency of control systems and recommend effective improvements.
• Assess company operations to determine compliance risk.
• Ensure all employees are educated on the latest regulations and processes.
• Resolve employee concerns about legal compliance.
• Oversee all business operations relating to compliance including policies, investments, and procedures.
• Review and evaluate company procedures and reports to identify hidden risks or common issues.
• Coordinate with different department managers to review all departmental compliance policies.
• Perform periodic audits on company procedures and processes.
• Supervise compliance officers and team.

Risk Management

• Conducting detailed risk assessments.
• Analysing market trends, reports, statistics, and relevant documentation.
• Compiling and analysing data and information about the organization, its practices, and legal obligations.
• Reviewing current risk management policies and protocols.
• Observing and assessing internal operations.
• Evaluating risk levels and implications.
• Developing and implementing policies and contingency plans to reduce and control risks and liabilities.
• Preparing and presenting risk assessment reports and proposals.

Job Requirements - (Skills and Experience)

• Degree in Business Administration, Economics, Finance, Law or a related field required.
• A minimum of 5 years’ experience as a Compliance Officer, Compliance Manager or similar position.
• A minimum of 5 years' experience in risk management or a related role.
• Strong knowledge of industry processes and regulations.
• Proficiency in risk management, financial analysis, and related software.
• Proven job-related experience within the financial, banking or Fintech industry.
• Outstanding communication and interpersonal abilities.
• An analytical mindset with excellent organizational skills and strong attention to detail.