Head of Compliance, Nigeria (Country Compliance Officer and Money Laundering Reporting Officer)
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Job Location:
Monthly Salary:
Posted on:
Yesterday
Vacancies:
1 Vacancy
Department:
Job Summary
Join a dynamic team where your expertise in compliance will shape the future of banking operations in Nigeria. This role offers the opportunity to lead regulatory risk management and ensure our business meets the highest standards. You will be at the forefront of adapting to evolving regulations and collaborating with senior leaders. Make a meaningful impact by safeguarding our organization and supporting our growth. If you are passionate about compliance and thrive in a fast-paced environment this is the role for you.
Job Summary:
As a Compliance Leader in our Banking Operations team you ensure that we operate in full alignment with regulatory requirements and best practices. You drive the development and implementation of compliance policies support risk management and foster a culture of integrity. You collaborate with senior management and regulatory bodies making a real impact on our business. Together we build a robust compliance framework that supports our continued success.
Job Responsibilities:
- Ensure operations comply with all relevant laws regulations and guidelines issued by the Central Bank of Nigeria
- Monitor regulatory changes and communicate implications to senior management and relevant teams
- Oversee timely submission of regulatory returns and reports to authorities
- Develop review and update compliance policies and controls in line with CBN requirements
- Support self-assessment of compliance controls and processes ensuring robust risk management
- Conduct regular compliance risk assessments and report findings to the Board and CBN
- Design and deliver compliance training programs for staff emphasizing regulatory requirements
- Conduct periodic compliance monitoring activities and reviews
- Prepare and present compliance reports to senior management the Board and regulatory authorities
- Review escalations of potential compliance breaches or suspicious activities ensuring prompt reporting and remediation
- Liaise with regulatory bodies and external stakeholders on compliance matters
Required Qualifications Capabilities and Skills:
- Bachelors degree in Law Finance Business Administration or related field
- Professional certification in compliance (such as CAMS CCEP Compliance Accreditation)
- Minimum 15 years post-graduation experience
- At least 13 years in the banking industry
- At least 2 years in a senior management function
- In-depth knowledge of CBN regulations guidelines and reporting requirements
- Strong leadership analytical and communication skills in English
- Knowledge of UK AML regulation and guidance USA PATRIOT Act Bank Secrecy Act EU Money Laundering Directives and AML regulations issued by EU and US authorities
- Knowledge of global sanctions programs including OFAC and UK Treasury programs
- Solid understanding of markets and banking products and services
- Excellent organizational analytical planning problem-solving and decision-making skills
Preferred Qualifications Capabilities and Skills:
- Masters degree in a relevant field
- Experience in leading compliance teams in multinational financial institutions
- Proven track record in managing complex regulatory environments
- Experience in stakeholder engagement with regulatory bodies and industry forums
- Advanced research and report-writing skills
- Experience in developing compliance training programs
- Strong interpersonal and relationship management skills with senior management
Required Experience:
Director
Key Skills
- Compliance Management
- Risk Management
- Financial Services
- PCI
- Banking
- Cost Accounting Standards
- Quality Systems
- Research Experience
- NIST Standards
- Securities Law
- SOX
- ISO 27000
About Company
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans ov ... View more
