Compliance Manager

Company : Source Bank

Job Type : Full Time

Lagos, Nigeria

Number of Applicants

:

000+

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Job Description - Compliance Manager

Regulatory Compliance Management:

• Monitor compliance with CBN regulations, Prudential Guidelines, AML/CFT regulations, NDIC requirements, and other applicable laws.

• Ensure the Bank's operations, products, and services comply with regulatory requirements.

• Advise Management on emerging regulatory developments and compliance implications.

• Coordinate implementation of new regulatory requirements across the Bank.

Compliance Monitoring & Testing:

• Develop and implement an annual compliance monitoring plan.

• Conduct periodic compliance reviews and testing across departments.

• Identify compliance breaches and recommend corrective actions.

• Track and follow up on remediation of identified compliance issues.

Anti -Money Laundering (AML/CFT) Compliance:

• Serve as the Bank's AML/CFT Compliance Officer where applicable.

• Monitor compliance with KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) requirements.

• Review and monitor suspicious transactions and unusual activities.

• Ensure timely filing of Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) as required.

• Coordinate AML/CFT training and awareness programs.

Policy & Regulatory Advisory:

• Review and update compliance -related policies and procedures.

• Provide compliance guidance to departments on operational and regulatory matters.

• Participate in product reviews and new business initiatives to ensure regulatory

compliance.

Regulatory Reporting & Liaison:

• Coordinate regulatory examinations and compliance reviews.

• Act as liaison between the Bank and regulatory authorities on compliance matters.

• Prepare and submit regulatory compliance reports as required.

• Ensure prompt resolution of regulatory observations and findings.

Consumer Protection & Ethical Conduct:

• Monitor adherence to consumer protection requirements and fair treatment of customers.

• Investigate compliance -related complaints and ethical concerns.

• Promote ethical business conduct and compliance awareness throughout the Bank.

Compliance Training & Awareness:

• Develop and implement compliance awareness programs.

• Conduct regular training on AML/CFT, KYC, regulatory requirements, whistle -blowing, data privacy, and ethical conduct.

• Foster a culture of compliance and accountability across the organization.

Governance & Board Reporting:

• Prepare periodic compliance reports for Executive Management and the Board.

• Report significant compliance breaches and regulatory concerns promptly.

• Support Board Committees with compliance -related information and updates.

Requirements

â Bachelors degree in Law, Banking & Finance, Accounting, Economics, Business Administration or related discipline

â Minimum of 3 -5 year experience in Compliance, AML/CFT, Internal Control, Risk Management, Audit or related function

â Experience performing above roles in a digital banking environment is important to being successful on this role

â Relevant Professional certification is an added advantage, CIBN (MCP) certification is important. Where not available, there must be commitment to certification within the first year of employment

â Strong knowledge of CBN regulations, AML/CFT laws, BOFIA, NDPR and microfinance banking operations

â Previous and proven usage of Microsoft office, accounting and core banking solutions is essential for the role holder

â Experience working with start -up is an advantage but not compulsory

. Excellent verbal and written communication and presentation skills are required

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Compliance Manager

Job Description - Compliance Manager

Requirements

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