Compliance Officer/MLRO - Nigeria
Lagos (Remote)
Compliance – Compliance /
Full Time /
Hybrid
We are looking for a Compliance Officer in Nigeria to join our global team. This role will play a crucial role in banking relationships as well as with internal reports.
What I will be doing ?
- KYC Onboarding:
- Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update those existing.
- Ensure compliance with local and international regulatory requirements related to customer identification and verification.
- Transaction Monitoring:
- Enhance transaction monitoring systems to detect and report suspicious activities.
- Conduct periodic reviews and assessments to ensure the effectiveness of transaction monitoring processes.
- AML/CFT Compliance:
- Possess in-depth knowledge of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations.
- Develop and enforce AML/CFT policies and procedures to safeguard against financial crime risks.
- Regulatory Compliance:
- Stay abreast of the regulatory landscape governing the payments industry in Nigeria.
- Interpret and communicate regulatory changes, with a focus on AML/CFT requirements, to relevant stakeholders within the organization.
- Establish and maintain strong relationships with regulators in Nigeria and other African countries.
- Remittance Compliance:
- Develop and implement compliance procedures specific to remittances and cross-border payments.
- Ensure adherence to regulatory requirements governing remittance services.
- Risk Assessments:
- Conduct regular risk assessments to identify and mitigate potential compliance risks.
- Collaborate with other departments to implement risk mitigation strategies.
- Reporting:
- Report findings and other compliance matters related to AML/CFT to different stakeholders in a clear and understandable manner.
- Ensure timely and accurate reporting to internal and external stakeholders as required by regulations.
- Training and Awareness:
- Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT.
- Foster a culture of compliance awareness within the organization.
- 9. MLRO Responsibilities:
- Fulfill the role of Money Laundering Reporting Officer (MLRO) for the company in Nigeria.
- Report suspicious activities and transactions to relevant authorities as required by Nigerian regulations.
- Ensure the effective operation of the internal reporting procedures for suspicious activities.
- Proven experience in goAML.
What skills and qualifications do I need?
- Bachelor's degree in a relevant field; additional certifications (e.g., CAMS, ACAMS, ICA) are a must.
- Proven experience in a compliance role within the financial services industry, with a focus on payments and remittances.
- In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations.
- Familiarity with Nigerian and African regulatory frameworks for the payments industry.
- Experience in engaging with regulators and maintaining positive relationships.
- Strong analytical and problem-solving skills.
