Regulatory Compliance Officer

Job Responsibilities:-

Regulatory Submissions & Reporting

i) Prepare compile and submit all regulatory returns reports and filings to the CBN NFIU EFCC NITDA/NDPC and other applicable regulators within stipulated timelines.

ii) Maintain a comprehensive regulatory submissions calendar ensuring zero late or missed filings across all regulatory bodies.

iii) Coordinate with Finance Operations IT and other departments to obtain required data for accurate and complete regulatory submissions.

iv) Track and document all regulatory correspondence acknowledgements and feedback and escalate exceptions promptly to the Head of Department.

v) Prepare and submit Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) to the NFIU in accordance with AML/CFT requirements.

vi) Maintain organised records of all submissions including evidence of filing acknowledgement receipts and supporting documentation.

Policy Development Revision & Tracking

i) Develop implement and maintain compliance programmes policies and control frameworks aligned with CBN regulations NDPR/NDPA CAMA and other applicable laws.

ii) Conduct periodic reviews of all compliance policies and procedures to assess their adequacy accuracy and continued alignment with regulatory requirements.

iii) Drive the timely renewal or revision of compliance policies as regulations evolve ensuring all changes are formally documented approved and communicated.

iv) Maintain a compliance policy register with version control review schedules owners and approval status for every applicable policy.

v) Develop and maintain AML/CFT/CPF policies KYC/CDD/EDD procedures sanctions screening frameworks and data protection policies.

vi) Liaise with Legal Counsel to ensure all policies reflect current legal interpretation and are enforceable within Credit Directs operating environment.

Regulatory Monitoring & Intelligence

i) Monitor regulatory developments and changes by tracking CBN circulars NFIU advisories NITDA/NDPC guidance and relevant legislation on an ongoing basis.

ii) Maintain a regulatory change log assessing the impact of new or amended regulations on Credit Directs operations products and processes.

iii) Prepare and circulate regulatory intelligence briefs to relevant internal stakeholders including Senior Management and the Board where required.

iv) Maintain active liaison with external regulatory bodies and stakeholders to ensure open communication manage examination processes and facilitate information requests.

v) Represent Credit Direct at industry compliance forums workshops and regulatory engagement sessions as directed by the Head of Department.

vi) Monitor global AML/CFT/CPF trends FATF guidance and best practices relevant to consumer lending and digital financial services in Nigeria and across African markets.

Internal Compliance Monitoring & Risk Assessment

i) Monitor all business units and operational processes on a continuous basis to identify potential regulatory infractions compliance gaps and policy deviations.

ii) Conduct structured compliance risk assessments to identify measure and prioritise compliance risks across Credit Directs products processes and third-party relationships.

iii) Develop and implement a risk-based compliance testing programme covering AML/CFT controls KYC/CDD/EDD procedures data protection and consumer protection obligations.

iv) Evaluate internal processes systems and operational workflows to identify vulnerabilities and recommend risk mitigation strategies.

v) Track and monitor the timely closure of compliance findings regulatory recommendations and corrective action plans.

vi) Conduct independent assessments of new products distribution channels and market entry activities to identify compliance risks prior to launch.

vii) Assess the compliance risk profile of third-party vendors agents and fintech partners and escalate concerns to relevant stakeholders.

Compliance Reporting & Documentation

i) Maintain accurate complete and well-organized compliance records including incident reports compliance testing results audit trail documentation and remediation actions.

ii) Prepare periodic compliance reports for submission to Senior Management the Board Audit & Risk Committee and relevant external bodies.

iii) Report on key compliance risk indicators (KRIs) regulatory exposure metrics and the status of the compliance monitoring programme.

iv) Document all STR/CTR filings sanctions screening alerts and AML/CFT case outcomes in compliance with NFIU and CBN record-keeping requirements.

v) Maintain a sanctions and Politically Exposed Persons (PEP) screening log including all escalated cases and their resolution.

Training Awareness & Compliance Culture

i) Design and facilitate compliance awareness and training programmes for all staff covering AML/CFT KYC/CDD data protection consumer protection and ethical conduct.

ii) Develop role-specific compliance training content for frontline staff agents branch operations and management.

iii) Track compliance training completion rates across the organisation and report on staff awareness levels to Management.

iv) Embed a culture of compliance by promoting ethical conduct proactive escalation and accountability across all levels of the organisation.

v) Serve as a first point of contact for staff seeking guidance on compliance obligations reporting concerns or interpreting regulatory requirements.

Other Support

i) Support the Head of Legal Compliance & Governance in managing regulatory examinations including preparing examination files coordinating responses and tracking post-examination actions.

ii) Contribute to the development of Credit Directs compliance risk appetite statement and compliance framework.

iii) Ensure compliance with NDPR/NDPA data protection obligations including data processing agreements privacy notices and data subject rights management.

iv) Maintain up-to-date knowledge of regulatory changes global compliance best practices and emerging risks in digital lending and consumer finance.

v) Other general administrative duties and responsibilities assigned by the Head of Unit/Department.

Job Requirements:

Education/ Professional Qualification

. in Law (LL.B/B.L) Finance Accounting Business Administration Economics or a related field.

Membership or certification from a recognised compliance or risk body: Certified Compliance Professional (CCP) Designated Compliance Professional (DCP) ACAMS (Certified Anti-Money Laundering Specialist) ICA Diploma in Compliance or equivalent.

Additional certifications in AML/CFT data protection (NDPR GDPR) or financial crime compliance are desirable.

Experience:

Minimum 3 to 5 years of relevant experience in compliance legal risk or regulatory affairs within a bank finance company or regulated financial services institution.

Demonstrable hands-on experience in at least two of the core areas: regulatory submissions AML/CFT compliance internal compliance monitoring or policy development.

Familiarity with CBN regulatory requirements for finance companies including the CBN Guidelines for Finance Companies AML/CFT/CPF Regulations and Consumer Protection Framework.

Exposure to NDPR/NDPA data protection obligations NFIU reporting requirements and financial crime compliance is required.

Experience in fintech digital lending or consumer finance environments is strongly preferred.

Competencies Requirements:

Technical

Deep understanding of CBN regulatory framework for finance companies: prudential guidelines AML/CFT/CPF regulations Consumer Protection Framework and CBN Know Your Customer (KYC) Manual.

Comprehensive knowledge of AML/CFT/CPF policies KYC/CDD/EDD procedures sanctions screening PEP identification and Suspicious Transaction Reporting (STR/CTR).

Knowledge of CAMA 2020 FCCPA EFCC Act and other relevant Nigerian legislation applicable to consumer finance companies.

Understanding of risk-based compliance monitoring compliance testing methodologies and regulatory examination management.

Awareness of fintech regulatory developments open banking regulations and digital financial services compliance requirements.

Behavioral

Entrepreneurial Mindset

Excellence

Execution

Energy

Empathy

Evolution

Emotional Intelligence

Decision-Making

Result Oriented

Communication written & verbal

Stakeholder Management

Analytical Thinking

Managing Risk