• Carry out a regular assessment of the adequacy of the bank’s operational systems and controls to ensure that they continue to comply with laws and regulations.
• Implement and maintain (as approved by the Board) procedures sufficient to ensure compliance with the bank.
• Provide guidance on steps that the bank can take to reduce the risk that its systems might be used to further financial crimes.
• Assess and monitor the adequacy and effectiveness of the measures and procedures put in place and the actions taken to address any deficiencies in the bank’s compliance with all laws and regulations.
• Advise and assist the relevant persons responsible for carrying out regulated activities to comply with the bank’s compliance procedures.
• Oversee the independence, autonomy, and effectiveness of the bank’s policies and procedures on whistleblowing, including the procedures for the protection of staff (where the whistle was blown by staff).
• Receiving and vetting suspicious transaction reports (STRs) from staff, including filing STRs with the Nigeria Financial Intelligence Unit; filing other regulatory returns with the CBN and other relevant regulatory and supervisory authorities; and rendering NIL reports to the CBN and NFIU, where necessary to ensure compliance.
• Ensuring that the bank’s compliance program is implemented includes coordinating the training of the board, management, and staff in AML, CFT, and CPF awareness, detection methods, and reporting requirements.
• Any other responsibilities assigned to the role holder for the effective execution of the bank’s compliance program.
• Serving as a point of contact for all employees on issues relating to ML, TF, and PF.
• Participate (where applicable) and ensure compliance reports are submitted timely to relevant governance committees in line with existing regulations.
• Build and mentor a high-performing team, fostering a culture of collaboration, innovation, and excellence while ensuring compliance with applicable laws and regulations.

Education

A First Degree or Masters in any field (preferably law).

Professional compliance qualification or in a related field. Membership in the International Compliance Association will be an added advantage.

Experience:

A minimum of 12 years of work experience, with at least 3 years as a senior manager or in a leadership role within the financial services industry.