| JOB TITLE: Chief Compliance Officer
REPORTS TO: MD/CEO |
|
| SUBJECT | DESCRIPTION |
| Purpose/Job Dimension
|
· Implement measures that would ensure the adherence to appropriate compliance framework and procedures to minimize loss from non-compliance.
· Ensure that the rules and principles set by CBN and other regulators are being adhered to, under the guidance of the organisation’s senior management team and the Board. |
| Key Roles and
Responsibilities
|
· Regular update of the Compliance Policy Manual as well as the AML/CFT Procedure manual.
· Identify and review all rules, regulations and laws applicable to the Bank and its strategic business units and develop rule-books for them. · Instill a compliance culture which is self-supporting across the Bank. · Identify compliance issues and provide mitigating solutions. · Maintain cordial relationship with all regulatory bodies and statutory agencies. · Ensure all systems and procedures are compliant in the Bank. · Provide compliance services to the Bank in order to ensure sanction free operations. |
| Required Skills and Competencies | · Knowledge of CBN Guidelines and Legal/Regulatory framework.
· Knowledge of Accounting and tax. · Knowledge of Business risk management and Operations risk · Knowledge of Credit analysis. · Knowledge of Investment and Portfolio Management. · Knowledge of Assets and Liabilities Management. · Knowledge of banking transactions and Money Laundering risks. · Knowledge of National and International Regulations as regards AML/CFT and Compliance matters. · IT and Computer appreciation · Data gathering and analysis · Business environment analysis · Financial Analysis and Interpretation · Total Quality Management · Documentation |
| Experience and Qualifications | · Bachelor’s degree in Finance, Accounting, Business Administration, or a related field CA/MBA/PGDM/CFA or other relevant post graduate qualification.
· Minimum of 10 years cognate experience in Risk/Control functions within the Financial Services Industry. · Relevant certifications in risk management, credit analysis, or financial analysis are highly desirable. CRM, PRM or similar certifications. · Completion of relevant industry training programs or courses in credit risk management, credit analysis, and financial modelling. · Knowledge of and adherence to industry regulations, compliance standards, and ethical guidelines governing credit monitoring and risk management activities. · Excellent communication skills and the ability to work collaboratively with internal and external stakeholders. |
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