Regulatory and Compliance Manager

August 10, 2022

Job Description

  • Lagos

RMB Private Bank

RMB Private Bank is a division of FirstRand Bank Limited, a fully integrated financial services group in South Africa, distinguished by our traditional values and innovative ideas. We have adapted investment banking solutions to suit your personal financial needs and this, together with an entrepreneurial approach, attracts like-minded, discerning clients. One of our key focus areas is Wealth and Legacy Management. Based on an in-depth understanding of your aspirations and needs, we create solid financial plans that help you to enjoy, manage, protect and grow your wealth for future generations.
Our ability to deliver on our objectives is directly attributable to our people, and our search for top talent is a priority. In return, we provide a challenging, fast paced environment with the opportunity for growth and development. RMB Private Bank offers a range of services including Portfolio Management, Trust and Fiduciary Services, Wealth Management and Transactional Banking for the discerning client to leave a legacy.
We are recruiting to fill the position below:

Job Title: Regulatory and Compliance Manager
Location: Lagos
Employment Type: Full-time
About the Job

The role holder will support the Compliance team in driving, coordinating and monitoring initiatives and actions to ensure RMB Nigeria (“the Bank”) operates by 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 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 the 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 from a regulators and group office
Provide necessary training plans in 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

Application Closing Date
Not Specified.
Method of Application
Interested and qualified candidates should:
Click here to apply online

To apply for this job please visit www.linkedin.com.

close
JustJobsNG

Hi there 👋
It’s nice to meet you!

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.