Company Info
Large organization
200 + Employees
First Bank of Nigeria Limited (FirstBank) is Nigeria's largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.
First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.
1). Product Review Officer
Job Identification: 1182
Location: Lagos
Employment Type: Full time
Responsibilities
- To assist in building, developing and implementing the Bank’s compliance program as it pertains to products
- To assist in building, developing and implementing the Bank’s compliance program as it pertains to products
- Continuously monitor products and services and ensure that they are implemented in line with local regulations
- Review regulatory intelligence on existing product portfolio by looking at regulatory precedents, industry practices and competent authorities’ opinions, in reviewing present and future product and services offerings.
- Prepare monthly/quarterly monitoring reports to the unit head on recurring compliance issues and breaches.
- Prepare case on case/monthly/quarterly monitoring reports to the MTOs (Western Union, MoneyGram etc) compliance issues
- Prepare monthly BVN monitoring reports to the CBN and attendant daily/weekly/monthly issues that may arise or regulation changes
- Action-tracking of the resolution of all compliance-related audit or regulatory findings and related actions, management-initiated actions, and actions coming from Compliance Framework activities in branches.
- Provide input to the preparation of content for periodic Compliance-related Board and management papers.
- Develop and implement strategy for ensuring the Bank’s compliance with policies and procedures for the conduct of Money Transfer business in the Bank.
- Develop consequent management for staff misconduct identified on Money Transfer desk
- Review field reports on ad-hoc visits to identified high risk MT locations with a view to reducing high rate of fraudulent activities and sanctions from Business Partners.
- Ensure prompt rendition of all regulatory reports to the relevant regulatory agencies.
- Ensure records of all regulatory reports are updated, properly maintained and where applicable, promptly made available to regulators on request.
- Interface and Coordinate enquiries from Regulators and Enforcement Agencies such as EFCC, CBN, NFIU, NDLEA, FIRS and the Nigerian Police.
- Respond to enquiries from NFIU on the GOAML board and other regulators on Returns rendered.
- Develop and implement strategy for continuous risk assessment of the various products and channels in the Bank.
Requirements
- First degree (or equivalent) in any discipline, plus 5 years banking experience
- Specialist knowledge in Anti-Money Laundering, Data Protection, Financial Markets and Fraud and Ethics would be highly desirable
- A minimum of 6 years’ experience working in compliance or related financial services area
- Experience in compliance monitoring and audit /inspection programs.
Application Closing Date
2nd October, 2024.
===
===
2). Area Compliance Officer
Job Identification: 1183
Location: Lagos
Employment Type: Full time
Responsibilities
- Carry out first level support to the Branches for all regulatory and compliance activities
- Promoting positive compliance culture in branch.
- Providing compliance advisory support to business and operations within designated branches.
- Coordinating KYC/AML/CFT & Compliance training and awareness at branch level.
- Review all transaction alerts escalated by the Monitoring tool and other designated transactions on high-Risk accounts
- Investigate all unusual transactions and ensure appropriate escalation/reporting to designated regulatory agencies
- Conducting spot checks/inspections within the Branch to assess the level of voluntary compliance maintained and providing support to branches to ensure timely closure of exceptions
- Performing regular compliance risk assessment of regulatory activities and develop remediation plans
- Monitoring the implementation of branch compliance and conduct remediation plans and escalate open activities to Branch Head and Head, Compliance Monitoring and Reporting.
- Conduct periodic review of newly opened and existing accounts for compliance with regulatory requirement.
- Coordinate and review due diligence on customers with changed risk ratings as generated by Oracle KYC for branches.
- Conduct periodic branch visitation to ascertain adherence to regulatory provisions and internal policy expectations.
- Conduct Agency Banking visitation review or any review as assigned by Head of unit
- Conduct reviews on the activities of the Money Transfer Operations (FLAs)
Requirements
- First degree (or equivalent) in Law, Banking & Finance or related discipline.
- A minimum of 6 years experience working in compliance or related areas in financial services
- Experience of implementing and advising on compliance programs.
Deadline: 2nd October, 2024.
How to Apply: Interested and qualified candidates should use the links below to apply: