Head of Compliance

About this role

The role is Head of Compliance at Retrust Microfinance Bank in Ikeja, Lagos. The candidate will develop, implement, and monitor the bank's compliance framework to ensure adherence to laws, CBN regulations, directives, and internal policies, while providing regulatory advisory to the MD and Board. Responsibilities include policy development, regulatory reporting, AML/CFT and KYC oversight, coordinating audits, and training staff to foster compliance culture. The position requires extensive regulatory compliance experience in financial institutions and leadership of a compliance team. The employer focuses on expanding financial inclusion and providing banking solutions through a microfinance bank subsidiary of Zylus Group.

What you would do

• Develop, implement, and periodically review compliance policies, procedures and framework
• Monitor compliance with statutory obligations, regulatory directives, internal policies, and industry standards
• Provide legal and regulatory advisory services to the Managing Director, management team and Board
• Coordinate compliance reviews, risk assessments, internal control monitoring and regulatory audits
• Ensure timely preparation and submission of regulatory returns and statutory filings to the CBN and other authorities
• Oversee AML/CFT, KYC, sanctions screening and suspicious transaction reporting
• Track changes in laws and regulations and advise on implications for operations
• Liaise with regulatory authorities, external auditors, legal advisers and stakeholders
• Develop and deliver compliance training and awareness programmes for staff
• Lead and develop the compliance team and escalate material breaches to management

What they are asking for

• Bachelor of Laws (LL.B.) or a related social science degree from a recognised university or polytechnic
• Professional training or certification in compliance, AML/CFT, MCIB, risk management or corporate governance (advantageous)
• Minimum of seven (7) years of relevant regulatory compliance experience in a bank, microfinance bank or regulated financial institution
• Knowledge of CBN regulations and Nigerian financial services laws, corporate governance and regulatory compliance
• Experience in compliance monitoring, regulatory reporting, policy development and regulatory engagement
• Experience in leading or supervising a compliance function (advantageous)
• Strong legal research, analytical and problem-solving skills
• Understanding of AML/CFT, KYC, and compliance frameworks
• Excellent written and verbal communication and ability to prepare regulatory reports
• Strong leadership, integrity, confidentiality and stakeholder management skills

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