Area Compliance Officer at First Bank of Nigeria Limited

First Bank of Nigeria Limited (FirstBank) is Nigeria's largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Area Compliance Officer

Job Identification: 1183
Location: Lagos
Employment Type: Full time

Responsibilities

• Carry out first level support to the Branches for all regulatory and compliance activities
• Promoting positive compliance culture in branch.
• Providing compliance advisory support to business and operations within designated branches.
• Coordinating KYC/AML/CFT & Compliance training and awareness at branch level.
• Review all transaction alerts escalated by the Monitoring tool and other designated transactions on high-Risk accounts
• Investigate all unusual transactions and ensure appropriate escalation/reporting to designated regulatory agencies
• Conducting spot checks/inspections within the Branch to assess the level of voluntary compliance maintained and providing support to branches to ensure timely closure of exceptions
• Performing regular compliance risk assessment of regulatory activities and develop remediation plans
• Monitoring the implementation of branch compliance and conduct remediation plans and escalate open activities to Branch Head and Head, Compliance Monitoring and Reporting.
• Conduct periodic review of newly opened and existing accounts for compliance with regulatory requirement.
• Coordinate and review due diligence on customers with changed risk ratings as generated by Oracle KYC for branches.
• Conduct periodic branch visitation to ascertain adherence to regulatory provisions and internal policy expectations.
• Conduct Agency Banking visitation review or any review as assigned by Head of unit
• Conduct reviews on the activities of the Money Transfer Operations (FLAs)

Requirements

• First degree (or equivalent) in Law, Banking & Finance or related discipline.
• A minimum of 6 years experience working in compliance or related areas in financial services
• Experience of implementing and advising on compliance programs.

Application Closing Date
2nd October, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online