Compliance Manager at a Tier 1 Microfinance Bank

A Tier 1 Microfinance Bank is recruiting to fill the position below:

Job Title: Compliance Manager

Location: Lagos
Employment Type: Full-time
Department / Unit: Risk, Control and Compliance
Supervisor: The Managing Director.

Job Summary

• We are on the look out for talented, ambitious, and dynamic professionals to join their growing team!
• This is not just another job—it is an opportunity to be part of a fast-paced, innovative, and customer-focused financial institution that is transforming banking as we know it.
• Whether you are a sales dynamo, a numbers ninja, acompliance genius, or a fresh-faced graduate ready to conquer the world, we have a seat for you at our table.
• Compliance Manager is responsible for ensuring adherence to regulatory requirements, internal policies and industry standards to mitigate risks and maintain operational integrity.
• The Compliance manager oversees the development, implementation and monitoring of compliance programs to safeguard the Bank’s reputation and financial stability. 
• The compliance manager also collaborates with various departments to promote a culture of compliance and ethical conduct throughout the organization.

Keys and Responsibilities
Developing Compliance Framework:

• Establish and maintain a robust compliance framework tailored to the microfinance sector.
• Develop policies, procedures, and controls to ensure compliance with regulatory guidelines and industry best practices.

Regulatory Compliance:

• Monitor changes in regulatory requirements relevant to microfinance operations.
• Ensure the bank complies with laws governing financial services, such as microfinance regulations, anti-money laundering (AML), and customer due diligence (CDD) requirements.

Risk Management:

• Conduct risk assessments to identify compliance risks specific to microfinance activities.
• Develop risk mitigation strategies and controls to minimize potential risks and ensure sound risk management practices.

Internal Audits and Reviews:

• Conduct regular internal audits and reviews to assess compliance with policies and procedures.
• Identify areas of non-compliance or operational weaknesses and implement corrective actions.

Training and Awareness:

• Provide training to staff on compliance issues, regulatory changes, and best practices in microfinance compliance.
• Foster a culture of compliance and ethics throughout the organization.

Reporting and Documentation:

• Prepare and submit reports on compliance activities to senior management and regulatory authorities.
• Maintain accurate records and documentation of compliance activities, audits, and investigations.

Ethical Standards and Integrity:

• Promote ethical behavior and integrity within the microfinance bank.
• Encourage staff to report compliance concerns or violations confidentially and without fear of reprisal.

External Relationships:

• Serve as a liaison with regulatory agencies, auditors, and external stakeholders on compliance matters.
• Respond to inquiries and requests for information related to compliance.

Continuous Improvement:

• Monitor and evaluate the effectiveness of the compliance program.
• Recommend and implement enhancements to policies, procedures, and controls to strengthen compliance and risk management practices.

Crisis Management and Incident Response:

• Develop and implement procedures for managing compliance-related incidents and crises.
• Coordinate responses to compliance breaches or regulatory inquiries to minimize the impact on the bank’s operations and reputation

Qualifications and Skills

• Bachelor’s degree in law, Business, or a related field.
• Proven and extensive experience in compliance, risk management, regulatory affairs, or a similar role in a microfinance bank
• In-depth knowledge of microfinance regulations, AML/CFT requirements, and other relevant financial laws.
• Thorough understanding of relevant laws and regulations.
• Proficiency in policy development, audit and monitoring of compliance activities
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Collaboration skills to work with diverse teams and manage relationships with regulators and stakeholders.

Salary

• N5,000,000 - N7,000,000 per month.

Why should you apply?

• A professional yet energetic work environment
• Competitive salary and growth opportunities
• A team that values innovation and collaboration
• The chance to make a real impact in the financial sector.

Application Closing Date
30th April, 2025.

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