Compliance Officer at Youth Foundation for Development, Education & Leadership (YouthhubAfrica)

JOB TITLE: Compliance Officer

JOB LOCATION:Abuja (FCT)

JOB DETAILS;

• The Compliance Officer will carefully review the organizations balance sheets income statements and other financial documents.
• This role is responsible for meticulously screening for discrepancies and ensuring compliance with applicable federal and state regulatory requirements
• The goal is to find and prevent oversights errors and fraud that could impact the integrity of the organizations finances as well as support the operations team with donor requirements and project implementation.

Role Responsibilities
Regulatory Compliance:

• Develop and implement risk management strategies and compliance audit plans procedures documentation databases and tracking systems
• Create and maintain a comprehensive compliance program including policies and procedures to address legal ethical and donor requirements.
• Conduct internal audits self-assessments and thorough reviews of financial statements and records to ensure compliance with regulations and identify potential risks and irregularities.
• Monitoring for potential compliance risks in areas like accounting practices and financial reporting.
• Review financial statements and transactions for accuracy and compliance with accounting standards.
• Ensure the Organization adheres to federal and state laws and regulations and submits accurate and timely regulatory filings and reports
• Ensure compliance with anti-money laundering regulations
• Collaborate with legal and regulatory teams; liaise with external regulatory bodies and auditors
• Oversee the preparation of accurate and timely financial reports including monthly quarterly and annual statements.
• Ensure compliance with accounting standards tax regulations and corporate governance requirements.

Internal Controls:

• Implementing and maintaining robust internal controls to mitigate financial risks and ensure data integrity.
• Implementing and monitoring internal controls to ensure compliance with financial regulations donor guidelines and project implementation procedures.
• Assessing the effectiveness of existing controls and recommending improvements where necessary.
• Conducting regular control testing and reporting on control deficiencies.

Audit Oversight:

• Collaborate with the finance manager and external auditors during financial audits providing necessary documentation and addressing audit findings.
• Preparing detailed reports of findings and recommending corrective actions.

Reporting and Analysis:

• Analyzing financial data to identify trends and potential compliance issues.
• Generating compliance reports for senior management and the board of directors.
• Tracking and reporting on key compliance metrics.
• Monitor ongoing compliance; follow up on previous findings to make sure theyve been addressed
• Evaluate the effectiveness of internal controls. Recommend improvements as needed
• Raise awareness about emerging compliance risks and best practices.

Investigations and Remediation:

• Investigate complaints and potential violations of financial regulations
• Implement and oversee whistleblower policies and procedures
• Conduct special investigations into potential financial misconduct or regulatory breaches
• Implement corrective actions to address identified issues and prevent future occurrences.

Additional Responsibilities:

• Stay current with financial regulations and other regulatory laws and policies
• Engage in professional development opportunities
• Provide guidance and support to junior officers and other staff
• Assist in the preparation for regulatory examinations and audits.

Qualifications
Education and Certifications:

• Bachelors Degree in AccountingProject Management Economics or a related field.
• Professional certifications such as ACCA ACA are an added advantage.

Experience:

• Minimum of 4 years of financial management experience.
• Previous experience in a compliance or auditing role is an added advantage.

Skills:
Strategic Thinking and Leadership:

• Ability to align financial strategies with Organizations goals.
• Exceptional decision-making and problem-solving abilities.
• Analytical Skills
• Compliance-oriented
• Critical thinking
• Detail-oriented.

Technical Financial Expertise:

• Proficiency in financial analysis and auditing techniques and programs utilizing software like QuickBooks and Microsoft Excel
• Strong understanding of IFRS tax laws and corporate governance.
• Data analysis and interpretation using tools like Microsoft Excel Tableau or SPSS to identify trends and anomalies
• Ability to analyze complex financial data and identify potential risks.
• Familiarity with ERP systems and other regulatory compliance software for monitoring and ensuring compliance
• Report writing using Microsoft Word or Google Docs
• Risk management employing tools like Archer or RiskWatch to develop and implement effective risk mitigation strategies

Communication and Interpersonal Skills:

• Excellent written and verbal communication to effectively convey compliance issues to various stakeholders.
• High level of accuracy and meticulous attention to detail when reviewing financial information.
• Ability to build relationships with internal and external stakeholders.
• Active listening
• Adaptability
• Integrity
• Planning and organization
• Teamwork
• Time management.

The opportunity will offer

• Competitive Salary
• Health Insurance
• Pensions Contribution
• Group Life Insurance
• Free lunch
• Personal Development Opportunity
• NSITF Compliance.

HOW TO APPLY
To apply for the ongoing Youth Foundation for Development Education & Leadership (YouthhubAfrica) Job recruitment visit theAPPLICATION PORTALto submit your application!

Note:YHA is an equal opportunity and an inclusive employer. As a resultwe do not discriminate based on agegender or disabilities.