• Application Deadline: Sun, 14 Jul 2024 00:00:00 GMT
• Position: Team Lead, Compliance & Internal Control


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 5 - 10 years


• Location Lagos


• City Yaba


• Job Field Finance / Accounting / Audit 
  

Job Overview:

• To Implement measure that would ensure the adherence to  appropriate  compliance and internal control framework and  procedures so as to minimize loss  from non-compliance with the regulatory requirement and company’s policies & procedures

Job Responsibilities;

• Implement methodologies for identifying, assessing, monitoring, controlling and reporting compliance risks.  Agree on the type and frequency of monitoring in relation to the company’s scale of the activity.


• Ensures company-wide compliance with established policies and controls and ensures that violations are thoroughly investigated.


• Ensure prompt response NFIU/EFCC/NAICOM enquiries.


• Regulatory reporting to NFIU


• Ensure Compliance with NAICOM’s code of Corporate Governance from Legal and other regulatory requirements


• Monitoring of compliance with AML/CFT guidelines for all the policies booked by the company


• Creation of awareness/training on KYC/AML/CFT/PEP


• Branch visitation to ascertain adherence to KYC


• Monitoring of regulatory renditions to ensure compliance with deadlines for submission


• Review of transactions & identify regulatory and control exceptions


• Preparing KYC and AML Risk matrix for the company along product, customer, business and location lines and assigning these to Team Leads for monitoring


• Prepare AML/CFT training plan for the company and ensure adherence to the plan


• Ensure prompt response to auditors’ requests


• Continuous update of company’s bank authorized signatory list.


• Ensure Daily call-over of Transaction Checks/Reviews- Underwriting (Both Life and general)


• Ensure transactions processed by CPU, Claims, Underwriting and Re-Insurance are reviewed daily to identify any area of non-compliance with the company policies 


• Ensure prompt closure of control and audit exceptions


• Device Measure that will mitigate against reoccurrence of exceptions


• Ensure reports are rendered periodically based on unit reviews carried out.


• Prepare quarterly Spot-Check plan and ensure that Spot-Checks reviews of non-processing are carried out in line with the plan


• Ensure Security sweep on the Head Office and branches and collate reports


• Ensure only authorized users are given access to the system

Requirements;

• A good first degree in any discipline.  Masters’ degree will be an advantage


• Minimum of 5 years post qualification experience in Compliance & Internal Control within the financial services industry, of which at least 3 years must have been in the Insurance sector.


• Professional certifications such as CFA, CIS, ACCA, ACA, CFP,CFE,ACAMS, IT Certifications, etc

Required Knowledge, Skills & Abilities

• Insurance Operations


• Accounting


• Credit Analysis / Appraisal


• Environmental / Industry Analysis


• Risk Management


• Operational risk


• Investment / Portfolio Management


• Assets & Liabilities Management


• Financial analysis / interpretation


• TQM


• Documentation


• Generic Skills


• Strategic Focus/ Orientation


• Integrity and Discretion


• Initiative/ Proactive


• Entrepreneurship


• Analytical skills / Problem solving


• Resilience, Tenacity and Integrity


• Interpersonal skills


• Communication (oral & written)


• Supervisory Skills


• Leadership


• Coaching /Leadership / Influencing


• Initiative/Entrepreneurship/ taking ownership


• Team building / conflict management


• Organization & coordination


• General managerial /administration