JOB TITLE: Compliance Officer
JOB LOCATION: Lagos
Employment Type: Permanent
Department: Group Legal & Compliance
JOB DETAILS:
- To conduct internal audits to ensure compliance with regulatory requirements and internal policies, and develop and implement compliance policies in liaison with regulators.
- To assess and report on compliance risks, investigate incidents and take action to ensure compliance.
- The Compliance Officer reports to the Team Lead, Compliance.
Responsibilities
- Regulatory and Compliance Management Identify instances of non-compliance with the Interswitch’s policies and procedures and / or relevant regulatory codes and codes of conduct, reporting these and escalating issues as appropriate
- Investigate standard incidents using current regulatory and compliance processes, systems and procedures, and take action to solve immediate compliance issues
- Analyse business processes and workflows to identify bottlenecks and redundant compliance tasks and execute processes enhancements to increase output efficiency
- Provide operational support to Team Lead, Compliance by performing prescribed and non-routine compliance monitoring activities, using existing programmes and protocols; suggest improvement opportunities on compliance and regulatory requirements
- Refer more complex issues to the Team Lead, Compliance
- Document Preparation, Insights and Reporting Prepare moderately complex documents using a variety of computer applications and also responsible for gathering and summarising data /information for reports and training programmes and material
- Contribute to the preparation of various data and analytics reports
- Develop weekly progress reports which include activities progress against set timelines, key risk and control indicators, and overall improvements on current processes and procedures that minimise relevant risks; submit reports to Team Lead, Compliance
- Consolidate and document Interswitch’s Compliance policies, procedures, andcodes of conduct; monitor compliance against Compliance framework and provide feedback to Team Lead, Compliance
- Client and Customer Management Help Team Lead, Compliance to manage internal and / or external client and customer relationships by using relevant client systems
- Resolve standard Compliance queries from internal or external customers or suppliers by providing information on policies and procedures, and referring the more complex issues to the Team Lead, Compliance
- Attend meetings led by Team Lead, Compliance, along with relevant stakeholders, and acquire client needs on compliance processes and requirements and execute legal mitigation activities in line with communicated requirements
- Build and maintain long-term relationships with contractors, clients, consultants and compliance specialists in the Compliance ecosystem.
Tasks
This is a list of possible tasks that could form part of the job:
- Assisting the Team Lead, Compliance with the updating of training programmes / manuals tailored to the Business needs, to reflect the most updated regulation changes
- Carrying out research of legislation relevant to Interswitch’s business lines as well as drafting of summaries
- Assisting with the implementation of the Interswitch approved Compliance risk-based customer onboarding and monitoring process
- Identifying deficiencies in compliance measures and recommending appropriate remedial action plans to the Team Lead, Compliance
- Identifying potential areas of compliance vulnerability and risk; in collaboration with the concerned business areas and recommending action plans for resolution of problematic issues to the Team Lead, Compliance
- Carrying out the review of new regulations affecting Interswitch and work with Team Lead, Compliance in developing a Compliance plan in that regard for approval
- Monitoring the adoption of business specific Rule Book by the business teams and providing progress report to the Team Lead, Compliance
- Analysing and identifying Compliance risks, processes, controls and provide escalations to Team Lead, Compliance
Requirements
Education:
- University Degree (First Degree) in Accountancy, Banking, Business or Law, or relevant professional qualification in financial services or audit.
- Possessing any of the following certifications is mandatory:
- Designate Compliance Professional (DCP)
- Association of Certified AntiMoney Laundering Specialists (ACAMS)
- Certified Information Systems Auditor (CISA).
Experience:
- At least 3 years Compliance experience to be able to work unsupervised.
- Experience should include:
- Knowledge of government laws and regulations affecting Interswitch’s business area
- Ability to interpret laws and regulations in light of operations.
Behaviourial Competencies:
- Manages Complexity
- Instills Trust
- Optimises Work Processes
- Action Oriented
- Collaborates
- Ensures Accountability
- Plans and Aligns
- Communicates Effectively.
Technical Competencies:
- Data Collection, Analysis, Review and Reporting.
- Policy, Regulation and Procedures
- Compliance Management
- Planning and Organising
- Verbal and Written Communication
- Computer Skills
- Masters Service Conversations
- Navigates Customer Challenges
- Assessment.
Apply Now
Deadline: January 26, 2022
Job Features
Job Category | officer |