The role holder will support the Compliance team in driving, coordinating and monitoring initiatives and actions to ensure RMB Nigeria (“the Bank”) operates in accordance with all relevant Nigerian and South African banking laws, regulations, internal policies and frameworks, including those relevant to Financial Crime.
Responsibilities:
Maintaining Regulatory Universe and Risk Management Plans
Defining and maintaining the whole regulatory and compliance universe with which the bank is required to comply both in Nigeria and South Africa
Prepare annual Regulatory Universe and Compliance Monitoring Plans for the Bank for review and approval by Exco and the Board Risk and Compliance Committee
Prepare Risk Management Plans (RMPs) for all the Regulations within the
Regulatory Universe of the Bank
Provide support to the team on ad-hoc compliance monitoring and other regulatory activities that may occur from time to time
Compliance Frameworks and Policies
Ensure all Regulatory Risk Frameworks, Policies and Standards are up to date.
Ensure AML/CFT/CPF regulations, policies and requirements are communicated to the business and functions
Provide support with creating awareness on crucial Compliance policies and
frameworks to the businesses and functions
Provide support to the team in identifying and embedding new/amended laws, regulations, and internal and Group policies
Financial Crime
Responsible for ML/FT/PF Risk Assessment in conjunction with the Group office team
Responsible for new product and new branch ML/FT/PF Risk assessment
Responsible for Risk Assessment and Whistle Blowing External Audit
Responsible for Financial Crime Group Internal Audit and Examination
Responsible for the Financial Crime training programme for the Bank
Anti-Bribery and Corruption
Implement the roadmap for Anti-Bribery and Corruption within RMB Nigeria by ensuring that policies and frameworks are in place
Implementation of an adequate control environment, training and awareness, risk assessments, monitoring, and remediation of risk assessment findings
Participating in Anti-Bribery and Corruption meetings and initiatives from the Group office
Reporting
Responsible for Group Office Compliance Monthly, Quarterly and Adhoc Reporting.
Responsible for Monthly Exco Report
Responsible for Monthly Risk Management Committee Report
Others
Responsible for BCBS239 Regulatory Risk
Responsible for Regulatory Risk and Financial Crime Audits by GIA
Participation in the Compliance and Regulatory projects as required by regulators and the group office
Provide necessary training plans in the Regulatory and Compliance space to staff, working closely with CCO on all group office reporting requirements
Any other assignments from CCO and ECO
Qualifications and Experience:
University First Degree in Arts or Social Sciences or a related discipline. A professional qualification will be an added advantage
Compliance Certification(s) - ACAMS, ICA or CFE
Strong academic record
Minimum of ten (10) years of experience in a similar role
Technical skills:
Knowledge of global and local Banking Regulatory Frameworks and the
Environment
Knowledge of CBN banking regulations, SEC regulations, Nigeria Stock Exchange Regulations, FMDQ regulations and others about banks, Stockbroking and Asset Management
Knowledge of the workings of the banking sector, and merchant banking in
particular
A good understanding of typical merchant banking transactions and products
Competencies:
A high level of pragmatism tempered with the strength to stand firm where necessary
Attention to detail with strong problem-solving skills
Ability to take initiative and improve existing processes where required
A strong sense of materiality
A high level of pragmatism tempered with the strength to stand firm where necessary.
Ability to deal with criticism
Human Relations Profile:
Strong team player
Strong character & integrity paramount
Strong interpersonal skills & team-oriented
A high degree of self-confidence with a pleasant personality.
Listening, analysis, and debating skills
Well organised
Good time management skills and disciplined
Flexible when necessary
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Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
02/09/26
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The Corporate Centre’s stakeholders are external, such as regulators, shareholders, global developmental institutions and government; and also internal, mainly the market-leading businesses that service the group’s customers. These critical functions cover risk, compliance, governance, internal audit, treasury, finance and tax amongst many others. They require deep specialist and technical skills and ultimately represent the custodianship of the FirstRand group’s licence to operate.
Employees of the Corporate Centre develop a very unique perspective of the group because nowhere else can you own or be part of a mandate that operates across the portfolio. This allows for both big picture thinking and operational learning. It is also a great place to drive collaboration and a place to have a significant impact.
The Corporate Centre has adopted a blended approach to working, with a focus on balancing remote working and connections with colleagues in the workplace. Face-to-face interactions remain important to its way of working as these connections protect the business’s social capital, which is key to ensuring that FirstRand’s unique culture stays alive and continues to thrive.
