Compliance Manager

JOB OBJECTIVE/SUMMARY
The Compliance Manager will be responsible for implementing and overseeing compliance policies
and procedures within the organisation to ensure the MfB is meeting regulatory requirements. The
Manager will work closely with various divisions, departments and units of the MfB to identify and
assess potential compliance risks develop and implement measures to mitigate these risks.

DUTIES & RESPONSIBILITIES
i. Implement and oversee compliance policies and procedures.
ii. Monitor regulatory developments and changes to ensure that policies and procedures are upto-
date
iii. Lead compliance training programs for employees to ensure they understand their role in
maintaining compliance
iv. Conduct risk assessments to identify potential compliance risks and develop strategies to
mitigate them
v. Monitor compliance with regulatory requirements and internal policies
vi. Report regularly to Chief Compliance Officer on compliance matters
vii. Collaborate with other departments to ensure compliance with regulatory requirements
viii. Oversee the implementation of effective compliance monitoring programs
ix. Third-Level review of account opening documents provided for KYC-adequacy and liaising with
the Branches for remediation before transmission to Regulators.
x. Responding to enquiries from branches and regulators on AML Reporting issues.
xi. Review data for completeness and adequacy before Submitting Currency Transaction Reports
to NFIU.
xii. Review of Generated or Rejected Currency Transaction Reports to the NFIU
xiii. Review for Completeness and Adequacy of Foreign Currency Transaction Reports to NFIU and
CBN.
xiv. Review of Newly Generated Opened High-Risk Accounts.
xv. Review of various Risk Based Supervision Reports to CBN and NFIU before submission
xvi. Preparation and Submission of Monthly Compliance reports to the Chief Compliance Officer
xvii. Provision of inputs for the preparation of Management Reports
xviii. Review of Returns to CBN and NFIU on UN Sanctioned entities and individuals
xix. Review the Completeness and Adequacy of 3-tier KYC returns to CBN
xx. Preparation, and Submission of returns on Whistleblowing and Code of Corporate Governance
to CBN.
xxi. Develop an Annual Compliance Work Plan and Strategy
xxii. Develop Annual AML/ Compliance Training Plan
xxiii. Respond to Letters and Requests from Regulators
xxiv. Prepare and coordinate Regulatory Examinations
Working Conditions:
The Manager will primarily work in an office environment but may be required to travel occasionally
to attend meetings or training sessions. The role may require extended hours or occasional weekend
work to meet deadlines or respond to compliance-related issues.

EDUCATION AND EXPERIENCE
• Education: First Degree (or equivalent) in Law, Finance, Business or any related course would.
• Experience:
• A minimum of 3 years’ working experience in compliance or related financial services area
• Experience in compliance monitoring and audit /inspection programmes.
KNOWLEDGE
• Specialist knowledge in
• Anti-Money
Laundering
• Data Protection
• Financial Markets
• Fraud and Ethics
SKILLS/COMPETENCIES
• Strong Knowledge of regulatory requirements and industry
best practices
• Excellent communication, interpersonal and analytical skills
• Strong attention to detail and ability to work independently
• Ability to manage multiple tasks and projects and prioritize
effectively
• Strong Project Management Skills
• Professional certification in compliance or related filed is
preferred
Benefits:

Salary: 350,000 – 400,000
HMO, Life Insurance, Paid Leave and Allowance, 13th month and all other statutory benefits
Opportunities for professional development and growth
Supportive and collaborative work environment