Vacancies at Ecobank

2). Cluster Compliance Officer

Locations: Benin, Edo and Port Harcourt, Rivers
Employment Type: Full-time

Job Description

• In this role, you will have the following responsibilities:

Compliance Department Tasks:

• Understand and apply all processes within the Compliance Department to assigned tasks in the Cluster.
• Enforce the Risk-based AML/CFT Manual and other Compliance Internal Policies.
• Implement AML/CFT Laws, other applicable Laws, CBN AML/CFT Regulations, and International Best Practice documents.
• Promote compliance publications, directives, and guidelines to foster a strong compliance culture.
• Provide guidance on the New Guide to Account opening, including client on-boarding, KYC/customer due diligence (CDD), and compliance counseling.
• Monitor and report developments and issues that could pose reputational risks to the Bank.
• Provide ongoing compliance support as needed.
• Ensure accuracy and currency of regulatory displays in branches.
• Maintain relationships with Law Enforcement Agencies and regulatory Authorities.
• Keep a record of all accounts placed on PND or FREEZE by Regulatory or LEAs within the Cluster.
• Maintain and update the branch watchlist.
• Record all Cluster compliance regulatory visits/communications in the compliance log.
• Review the integrity of transactions and GL accounts in the branches through daily reviews of GL balance reports and other relevant reports.
• Ensure timely submission of required returns and reports for the branches.
• Implement revenue assurance and cost reduction strategies for branches/products to prevent income leakages.
• Follow up on unresolved exceptions in Inspection reports and sign off the Audit Verification Certificate.
• Conduct daily reviews of TJ & GL for all branches.
• Ensure first-level Call Over of transactions by Operators.
• Identify potential compliance vulnerabilities and risks within the Cluster and escalate them promptly.
• Implement corrective action plans to address compliance gaps.
• Ensure proper documentation of accounts placed on PND due to incomplete documentation.
• Promote KYC in customer accounts and enhance documentation on old and existing accounts.
• Follow up on audit exceptions raised by Regulators, Internal Audit, and ARR Team for branches within the Cluster.
• Monitor, investigate, and resolve transactions on SWIFT SANCTION Screening for the Cluster.
• Monitor, investigate, and resolve transactions on SIRONAML Analysis for the Cluster.
• Review and ensure proper documentation of all PEPs accounts in the Cluster.
• Review Currency Transaction Reports (CTRs) and Foreign Transactions Reports (FTRs) daily to identify and report suspicious transactions.
• Follow up with branches to resolve exceptions identified in the weekly CTRs.
• Collaborate with branches to resolve exceptions on the SMARTSCREEN Application promptly.
• Organize and participate in knowledge-sharing sessions (KSS) on AML/CFT compliance and other scheduled training.
• Review transactions flagged by the Head Office Funds Transfer Team and ACL alerts, taking appropriate action to file suspicious transaction reports to the Nigeria Financial Intelligence Unit (NFIU).
• Respond promptly to regulatory and LEAs inquiries from the central compliance office.
• Investigate and report unusual/suspicious transactions to the Head, AML/CFT for further action.
• Generate follow-up memos to Branch management regarding exceptions from the daily activities review.
• Review GL proofs on a monthly basis.
• Conduct fixed assets verification and stock count of goods under hypothecation as directed by the Control Monitoring Unit.
• Review the operations, security, and general environment of the Branches.
• Follow up on Regulatory and Statutory Examiners’ Reports involving the branches.
• Conduct spot checks, special investigations, and inquiries as assigned.
• Ensure that open items in the branches’ GL accounts are current and reflect the true nature of the recorded products.
• Perform daily reviews of system-generated exception reports/alerts.
• Conduct seriality review for all number forms and ensure orderly use of forms.
• Review outward and inward clearing.
• Review ATM reconciliation.
• Conduct sweep and other assigned functions.
• Perform due diligence on vendor verification as requested by EBS for rating bank’s vendors.
• Attend court sessions on fraud cases at the request of the Legal Unit.
• Conduct detailed independent validation of RCSA.
• Coordinate all compliance training activities within the Cluster.
• Monitor Offsite ATMs in line with regulations.
• Perform periodic review of accounts with zero balance.
• Review Bonds & Guarantees on the bank’s database.
• Review accounts without SMS/email alerts.
• Review accounts without BVN.
• Review expenses to identify major expense drivers and unusual expenses.
• Prepare Weekly Compliance Activity Reports and send them to the Area Compliance Officer.
• Perform any other functions assigned from the central office.

Job Requirements

Education:

• A good University Degree with a minimum of 2:2 or HND with a minimum of Upper Credit in a relevant discipline.
• Possession of an Advanced Degree or Professional Certificate will be considered an advantage.
• Certification in Anti Money Laundering / Terrorism Financing is an added advantage.

Work Experience:

• Minimum of 5 years of working experience in branch operations or Compliance of a commercial Bank and/or Audit Firm / Operations.

Skills:

• Banking Principles
• Computer proficiency (word-processing, Spreadsheet, PowerPoint)
• Exposure to process re-engineering
• Excellent customer service orientation
• Interpersonal skills
• Independent mindset
• Supervisory skills
• Investigative Skills
• Report writing / Fraud Investigation skill
• Analytical/problem Solving Skill
• Interpretation of Money Laundering (Prohibition) Act 2011 (as amended), Terrorism (Prevention) Act, 2011 (as amended), CBN AML/CFT Regulation 2013 & other International Best Practices documents.

Knowledge:

• Strong knowledge of banking operations, audit, products & customer segmentation.
• Strong accounting knowledge.
• Fraud and operational risk knowledge.
• Good understanding/interpretation of CBN Guidelines, policies, and AML/CFT Laws.

Personalities and Attributes:

• Attention to detail
• Solution-oriented
• Positive “can do” attitude
• Effective communication
• Perseverance
• Goal-driven and result-oriented
• Leadership
• Team spirit
• Integrity, trustworthiness, and innovation
• Entrepreneurship.

Deadline: 26th September, 2023.

How to Apply: Interested and qualified candidates should use the links below to apply:

• Recovery Portfolio Officer
• Cluster Compliance Officer