We are recruiting to fill the position below:
Job Title: Compliance Officer
Location: Lagos
Employment Type: Full-time
Job Summary
- 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 Head, Regulatory Compliance.
Job 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 Head, Regulatory 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 Head, Regulatory 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 Head, Regulatory Compliance.
- Consolidate and document Interswitch’s Compliance policies, procedures, and codes of conduct; monitor compliance against Compliance framework and provide feedback to Head, Regulatory Compliance.
Client and Customer Management:
- Assist Head, Regulatory 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 Head, Regulatory Compliance.
- Attend meetings led by Head, Regulatory 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 Head, Regulatory 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 Head, Regulatory 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 Head, Regulatory 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 Head, Regulatory Compliance.
- Analysing and identifying Compliance risks, processes, controls and provide escalations to Head, Regulatory Compliance.
Job Requirements
Education:
- A University (First Degree)
- Possession of any of the following certifications is an added advantage
- Designate Compliance Professional (DCP)
- Certified Anti-Money Laundering Specialist (CAMS)
- Certified Fraud Examiner (CFE)
Experience:
- At least 3 years relevant experience.
- 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
Application Closing Date
Not Specified.
Deadline: January 11, 2024
Job Features
Job Category | Compliance Officer |