Legal and Compliance Officer

FairMoney is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.
We are recruiting to fill the position below:
Job Title: Legal and Compliance Officer
Location: Lagos, Nigeria
Job type: Full time
Department: Legal & Compliance
Description

The Compliance Officer will be responsible for mitigating compliance risks and avoid lawsuits through the design, implementation and enforcement of policies and procedures that ensures business operations are performed in compliance with regulations.
The position will work to foster development of compliance culture among employees, creating metrics to help track compliance and performing compliance audits.

Roles and Responsibilities

Monitors all operational processes and procedures using a compliance management system to ensure that the company complies with all legal regulations and ethical standards.
Conducts regular compliance risk assessments to determine whether policies and processes are compliant with regulation.
Review and formulate policies and procedures to improve compliance controls and efficiency.
Develop and conduct adequate training and prepare related information material. Educates staff so that they are informed of any regulatory/legal changes and updates to compliance guidelines.
Monitor implementation of regulatory recommendation, audit exceptions and regulatory changes.
Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies.
Work collaboratively with business and process owners to implement and monitor remediation efforts that result from compliance risk assessment assessments, ensuring the effective implementation of corrective action.
Conducting know-your-client (KYC) and due diligence processes.
Ensuring compliance with multi-national anti-money laundering laws and sanctions and assisting with the reporting of suspicious transactions.
Staying abreast of any changes to laws or sector specific regulations and keeping the rest of the company up to date with any changes through communication and training.
Advising relevant teams on legal or regulatory issues regarding sales, marketing, vendors, products or projects.

Requirements

Minimum of Bachelor's Degree
At least 5 years banking experience in Compliance or similar position
Master’s degree in any related
Professional Compliance Certification (preferred).

Benefits

Private Health Insurance
Pension Plan
Training & Development

Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online
Recruitment Process

A screening call with the Senior Recruiter – 30 mins
Technical interview with the hiring manager -30 mins
Second Level Interview – 30 mins.