Our client is a leading investment firm and they are looking to hire a Compliance Officer to be based in Lagos.
Job Overview
The Compliance Officer is responsible for ensuring that the firm complies with all applicable laws, regulations, guidelines, and directives issued by the Nigerian Securities and Exchange Commission (SEC), as well as other relevant regulatory authorities. The Compliance Officer will develop, implement, and maintain an effective compliance framework to mitigate regulatory risks and promote a culture of compliance throughout the organization.
Job Responsibilities
Regulatory Compliance
Monitor compliance with SEC Rules and Regulations, Investments and Securities Act (ISA), AML/CFT regulations, and other applicable laws.
Keep management informed of regulatory developments and changes affecting the firm's operations.
Ensure adherence to licensing conditions and regulatory requirements.
Compliance Monitoring
Develop and implement the firm's compliance monitoring program.
Conduct periodic compliance reviews and assessments of business activities.
Identify compliance gaps and recommend corrective actions.
Regulatory Reporting
Prepare and submit all statutory and regulatory reports to the SEC and other relevant authorities within stipulated timelines.
Maintain accurate compliance records and regulatory filings.
Coordinate responses to regulatory inspections, examinations, and inquiries.
AML/CFT and KYC Compliance
Oversee the implementation of Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Know Your Customer (KYC) procedures.
Review customer onboarding documentation and KYC records to ensure completeness and compliance
Ensure suspicious transactions are identified and reported in accordance with regulatory requirements.
Policy Development
Develop, review, and update compliance policies, procedures, and internal controls.
Ensure policies remain aligned with regulatory requirements and industry best practices.
Training and Awareness
Conduct compliance and AML/CFT training for employees.
Promote awareness of regulatory obligations and ethical standards across the firm.
Regulatory Liaison
Serve as the primary point of contact with the SEC and other regulators.
Coordinate regulatory examinations, audits, and compliance reviews.
Facilitate implementation of recommendations arising from regulatory inspections.
Risk Management
Identify and assess compliance risks across the organization.
Investigate compliance breaches and recommend remedial actions.
Monitor the implementation of corrective measures.
Requirements & Qualifications
Bachelor’s degree in Law (LL.B.) and membership of the Nigerian Bar Association (NBA) will be an added advantage.
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Minimum of 4–5 years of experience in compliance, legal, risk management, or regulatory functions within the capital markets or financial services industry.
Must have completed the NYSC program or possess an NYSC exemption certificate.
Relevant professional certifications such as CAMS (Certified Anti-Money Laundering Specialist), ICA (International Compliance Association), or equivalent will be an added advantage.
Sound knowledge of SEC Rules and Regulations, the Investments and Securities Act (ISA), AML/CFT requirements, and other applicable regulatory frameworks.
Preferably a SEC Sponsored Individual or qualified to become one.
Skills and Competencies
Strong knowledge of SEC Rules and Regulations and the Investments and Securities Act.
Good understanding of AML/CFT and KYC requirements.
Strong analytical, investigative, and reporting skills.
Excellent written and verbal communication skills.
High level of integrity, professionalism, and confidentiality.
Ability to work independently and interact effectively with regulators and senior management.
Key Performance Indicators (KPIs)
Timely submission of all regulatory returns and reports.
Successful completion of regulatory examinations with minimal findings.
Effectiveness of AML/CFT monitoring and controls.
Completion of compliance training programs.
Resolution of identified compliance issues within agreed timelines
Only shortlisted candidates will be contacted.
