View Jobs at Providus Bank |
Full Time |
Lagos |
Posted 8 months ago |
We are recruiting to fill the position below:
Job Title: Head, Regulatory Compliance
Location: Lagos
Employment Type: Full-time
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.
Application Closing Date
Not Specified.
Job Features
Job Category | Regulatory Officer |