• Application Deadline: Tue, 20 Sep 2022 00:00:00 GMT
• Position: Legal and Compliance Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Law / Legal 
  


• Salary Range ₦400,000 - ₦500,000
  

Job Overview

The candidate must be registered as a Sponsored Individual by Securities and Exchange Commission (SEC) for carrying out Compliance functions of an Issuing House. 

The Legal and Compliance Officer will ensure the company functions in a legal and ethical manner while meeting its business goals. They are responsible for developing compliance programmes, reviewing company policies, advising Management on possible risks, preparation and review of contracts, liaising with external lawyers and regulatory bodies etc. 

The Legal and Compliance Officer must possess requisite knowledge of relevant capital market regulations and shall be responsible for monitoring and ensuring compliance with the Act, rules and regulations, notifications, guidelines, instructions issued by SEC or the Federal Government. 

Be responsible for educating the Board and other members of staff on compliance related matters. 

Must annually attend two training organized by the institutions recognized by SEC.

Job Description

Compliance

• Compliance Officers have the role of advising the company and its employees on the application of the Rules. 


• A Compliance Officer shall have the ability to interpret and apply legislation, rules, regulations, guidelines, policies and other regulatory requirements relevant to the capital markets. This includes continuous monitoring and implementation of relevant regulations, codes and rules in force from time to time, preparation and submission of regulatory reports as at when due and adopting relevant industry and market best practices in order to minimize and/or mitigate risks. 


• The Compliance Officer shall focus on activities that assess, determine and ensure compliance by the company, with both internal and external rules and policies. 


• The Compliance Officer shall also monitor regulatory changes and ensure the dissemination of updates on regulations, rules or guidelines and periodic compliance changes to the company and its employees. They shall carry out compliance monitoring covering all operational areas. 


• The Compliance Officer shall ensure that all investments and other operational transactions comply with all relevant legislations, regulations and policies through appropriate control of systems in order to minimize and mitigate risks. 


• The Compliance Officer shall be responsible for the preparation of compliance reports on a monthly, quarterly, bi-annual and annual basis as the case may be to the Board of the company and report breaches of regulations to SEC. 


• The Compliance Officer, with the support of the company’s Board and Management, shall develop and implement a robust compliance programme which is periodically revised to reflect changes in the requirements of the organization, the laws, rules, regulations, guidelines and policies of relevant regulatory authorities. 


• The Compliance Officer shall be responsible for developing, coordinating, and participating in educational and training programmes that focus on the elements of the capital markets regulatory environment, and shall also ensure that all employees are knowledgeable of, and comply with relevant rules and regulations. 


• The Compliance Officer shall be responsible for developing policies and programme that encourage managers and employees to report violations, suspected violations and breaches without fear of victimization. 


• Perform any other duties that are necessary and reasonably attached to this position to ensure the successful fulfilment of its responsibilities. 

Legal 

• Liaise with auditors, external lawyers, tax advisers, bankers and shareholders.


• Preparation of compliance documentation with relevant constitutive documents for statutory, legal, regulatory purposes.


• Liaison with all the subsidiaries within the Company’s Group, service providers, external legal advisers, and government agencies.


• Drafting, maintenance and review of Legal Agreements


• Developing and overseeing that the company meets its compliance obligations under relevant laws and the requirements of regulatory authorities 


• Negotiation, drafting and implementation of the terms of agreements in all business contracts and agreements. 


• Responsible for providing legal support in controlling customer complaints to mitigate the risk of litigation


• Review all documentation that has legal implications for the company prior to signing and implementing. 

Requirements

• Bachelors’ degree in Law (LLM is an advantage)


• A minimum of 5 years’ post-call experience in the capital markets with proven understanding of the operations of the capital markets and relevant regulatory requirements.   


• Proficiency in the use of I.T. and desktop automated tools and programs. 


• SEC licensed Sponsored Individual and must have satisfactory completed SEC Mandatory Compliance Officers’ training program.  


• The individual shall pass the ‘Fit and Proper’ evaluation as prescribed by SEC from time to time. When determining fitness and propriety, The Securities and Exchange Commission will take into consideration, among other things, the individual competency to carry out the Compliance function, their character and integrity. 


• Brilliant oral and written communication skills. 


• Highly-analytical with strong attention to detail. 


• Travel out of Lagos may be required from time to time.


• Good understanding of Compliance activities in Financial / Issuing House Services.


• Experience of developing and managing compliance monitoring programmes.


• Articulate, effective communication skills with the ability to communicate internally and externally (lawyers, regulators, auditors) at all levels.


• Fully conversant with NAICOM, SEC, NSE, CAC, NFIU, IFRS, and other regulatory Directives and Guidelines.