Business Compliance Officer
Opebi, Ikeja, Lagos, Nigeria
Full Time
Mid Level
Job Description: Business Compliance Officer
Position Overview:
We are seeking a diligent and proactive Business Compliance Officer with 2-3 years of experience to join our team. The successful candidate will play a key role in ensuring the company operates in full compliance with regulatory requirements and internal policies while supporting business objectives. As part of our compliance team, you will be responsible for monitoring activities, conducting risk assessments, and fostering a culture of compliance across the organization.
Key Responsibilities:
Position Overview:
We are seeking a diligent and proactive Business Compliance Officer with 2-3 years of experience to join our team. The successful candidate will play a key role in ensuring the company operates in full compliance with regulatory requirements and internal policies while supporting business objectives. As part of our compliance team, you will be responsible for monitoring activities, conducting risk assessments, and fostering a culture of compliance across the organization.
Key Responsibilities:
- Regulatory landscape Knowledge:
- Maintain a strong understanding of local and international regulatory frameworks governing the payment services industry.
- Ensure adherence to relevant regulations, including AML/CFT guidelines, data protection laws, and industry standards applicable to payment service providers.
- Monitor changes in the regulatory environment and update internal policies accordingly.
- Policy Development and Implementation:
- Assist in drafting, reviewing, and updating compliance policies, procedures, and manuals.
- Ensure effective implementation of compliance programs across departments.
- Risk Management:
- Conduct risk assessments on business activities and recommend mitigating measures.
- Support the identification and reporting of compliance-related risks.
- Monitoring and Reporting:
- Monitor transactions and business operations for unusual activities, escalating concerns as necessary.
- Prepare and submit compliance reports to management and regulatory authorities as required.
- Training and Awareness:
- Conduct training sessions to promote compliance awareness among employees.
- Provide guidance to teams on compliance-related matters.
- Collaboration and Support:
- Work closely with business, legal, and technical teams to align compliance goals with business operations.
- Assist in regulatory audits and inspections, ensuring timely resolution of any issues raised.
- Incident Management:
- Investigate compliance breaches or incidents and recommend corrective actions.
- Maintain records of incidents and follow up on remedial actions.
- Educational Background:
- Bachelor’s degree in Law, Business Administration, Finance, or a related field.
- Relevant certifications such as DCP, CAMS, or ICA are an advantage.
- Experience:
- 2-3+ years of experience in compliance, regulatory affairs, or risk management, preferably within the banking and payment services or fintech industry.
- Skills and Competencies:
- Strong understanding of regulations and payment services compliance requirements.
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills to engage with stakeholders at all levels.
- Attention to detail with the ability to handle confidential information.
- Proficiency in using compliance tools and software for monitoring and reporting.
- Other Requirements:
- Demonstrated ability to work independently and as part of a team.
- Knowledge of local and international regulatory frameworks governing payment service providers.
- Commitment to ethical standards and integrity in all actions.
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