Compliance Officer

January 18, 2022

Job Description

  • Full Time
  • Nigeria

Interswitch Group

Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. We started operations in 2002 as a transaction switching and electronic payments processing, and have progressively evolved into an integrated payment services company, building and managing payment infrastructure as well as delivering innovative payment products and transactional services throughout the African continent. At Interswitch, we offer unique career opportunities for individuals capable of playing key roles and adding value in an innovative and fun environment.
We are recruiting to fill the position of:
Job Title: Compliance Officer
Location: Lagos
Employment Type: Permanent
Department: Group Legal & Compliance
Job Description

To conduct internal audits to ensure compliance with regulatory requirements and internal policies, and develop and implement compliance policies in liaison with regulators.
To assess and report on compliance risks, investigate incidents and take action to ensure compliance.
The Compliance Officer reports to the Team Lead, Compliance.


Regulatory and Compliance Management Identify instances of non-compliance with the Interswitch's policies and procedures and / or relevant regulatory codes and codes of conduct, reporting these and escalating issues as appropriate
Investigate standard incidents using current regulatory and compliance processes, systems and procedures, and take action to solve immediate compliance issues
Analyse business processes and workflows to identify bottlenecks and redundant compliance tasks and execute processes enhancements to increase output efficiency
Provide operational support to Team Lead, Compliance by performing prescribed and non-routine compliance monitoring activities, using existing programmes and protocols; suggest improvement opportunities on compliance and regulatory requirements
Refer more complex issues to the Team Lead, Compliance
Document Preparation, Insights and Reporting Prepare moderately complex documents using a variety of computer applications and also responsible for gathering and summarising data /information for reports and training programmes and material
Contribute to the preparation of various data and analytics reports
Develop weekly progress reports which include activities progress against set timelines, key risk and control indicators, and overall improvements on current processes and procedures that minimise relevant risks; submit reports to Team Lead, Compliance
Consolidate and document Interswitch’s Compliance policies, procedures, andcodes of conduct; monitor compliance against Compliance framework and provide feedback to Team Lead, Compliance
Client and Customer Management Help Team Lead, Compliance to manage internal and / or external client and customer relationships by using relevant client systems
Resolve standard Compliance queries from internal or external customers or suppliers by providing information on policies and procedures, and referring the more complex issues to the Team Lead, Compliance
Attend meetings led by Team Lead, Compliance, along with relevant stakeholders, and acquire client needs on compliance processes and requirements and execute legal mitigation activities in line with communicated requirements
Build and maintain long-term relationships with contractors, clients, consultants and compliance specialists in the Compliance ecosystem.

This is a list of possible tasks that could form part of the job:

Assisting the Team Lead, Compliance with the updating of training programmes / manuals tailored to the Business needs, to reflect the most updated regulation changes
Carrying out research of legislation relevant to Interswitch's business lines as well as drafting of summaries
Assisting with the implementation of the Interswitch approved Compliance risk-based customer onboarding and monitoring process
Identifying deficiencies in compliance measures and recommending appropriate remedial action plans to the Team Lead, Compliance
Identifying potential areas of compliance vulnerability and risk; in collaboration with the concerned business areas and recommending action plans for resolution of problematic issues to the Team Lead, Compliance
Carrying out the review of new regulations affecting Interswitch and work with Team Lead, Compliance in developing a Compliance plan in that regard for approval
Monitoring the adoption of business specific Rule Book by the business teams and providing progress report to the Team Lead, Compliance
Analysing and identifying Compliance risks, processes, controls and provide escalations to Team Lead, Compliance


University Degree (First Degree) in Accountancy, Banking, Business or Law, or relevant professional qualification in financial services or audit.
Possessing any of the following certifications is mandatory:
Designate Compliance Professional (DCP)
Association of Certified AntiMoney Laundering Specialists (ACAMS)
Certified Information Systems Auditor (CISA).


At least 3 years Compliance experience to be able to work unsupervised.
Experience should include:

Knowledge of government laws and regulations affecting Interswitch's business area
Ability to interpret laws and regulations in light of operations.

Behaviourial Competencies:

Manages Complexity
Instills Trust
Optimises Work Processes
Action Oriented
Ensures Accountability
Plans and Aligns
Communicates Effectively.

Technical Competencies:

Data Collection, Analysis, Review and Reporting.
Policy, Regulation and Procedures
Compliance Management
Planning and Organising
Verbal and Written Communication
Computer Skills
Masters Service Conversations
Navigates Customer Challenges

Application Closing Date
26th January, 2022.
How to Apply
Interested and qualified candidates should:
Click here to apply online

To apply for this job please visit


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