Regulatory Liaison Officer

Summary

Join Moniepoint as a Regulatory Liaison Officer and support the Head of Regulatory Compliance in ensuring regulatory compliance across the organization. You will serve as a liaison between the Compliance team and Product Development team, internal stakeholders, and regulators. Key responsibilities include building relationships with regulatory bodies, facilitating communication and collaboration, ensuring compliance-related risks are understood and addressed, maintaining in-depth knowledge of regulatory requirements, providing compliance support, identifying and escalating compliance risks, and ensuring timely submission of regulatory returns. The role requires a minimum of 3-5 years of experience in Compliance, Risk Management, or Internal Control, preferably in the Payments Industry, Fintech, or banking environment. A Bachelor's degree in a related field is required, and professional certifications in compliance are preferred. The hiring process involves a preliminary phone call, a panel interview, and a behavioral and technical interview.

Requirements

• HND or Bachelor's degree in Accounting, Finance, Law, Criminology, or a related field
• Minimum of 3 to 5 years’ experience in Compliance, Risk Management, Internal Control, preferably in Payments Industry,  fintech or banking environment
• Familiarity and in-depth understanding of regulatory reporting requirements
• Strong investigative and analytical skills with the ability to interpret transactional data and identify suspicious activity
• Experience in regulatory compliance in a CBN regulated environment
• Knowledge of data protection/privacy requirements
• Excellent verbal and written communication skills, including the ability to write reports, policy documents, SOP’s.document investigations clearly and professionally
• Strong attention to detail and the ability to manage multiple cases simultaneously. Ability to work independently and collaboratively in a fast-paced environment

Responsibilities

• Build and maintain relationships with regulatory bodies, internal auditors, and external auditors
• Facilitate communication and collaboration between stakeholders to ensure compliance
• Collaborate with Product Development to ensure compliance-related risks are understood and addressed
• Attend all standups and meetings to give guidance and context on regulatory compliance issues
• Facilitate the design and implementation of product risk assessments and compliance certificates
• Maintain in-depth knowledge of regulatory requirements, products, and services
• Translate compliance requirements for Product personnel and recommend strategies to enhance collaboration
• Provide compliance expertise and support to stakeholders, including Product teams, Internal Auditors, and External Auditors
• Ensure timely submission of regulatory returns and maintenance of compliance policies and SOPs
• Identify and escalate compliance risks, issues, and impacts
• Recommend potential compliance controls and ensure the ML/TF/PF Enterprise Risk Assessment is up-to-date and conducted timely
• Identify and ensure rendition of all regulatory returns periodically
• Follow up with relevant parties to ensure all reports not within the compliance function are rendered as promptly
• Ensure the annual training plan is complied with by ensuring prompt planning and timely completion of all trainings per time
• Follow up with other functions to ensure that proposed training and awareness are done timely and as expected
• Ensure that the the Antibribery and Corruption risk assessment is done periodically
• Ensure the Antibribery and Corruption Program is implemented in line with laid down processes
• Ensure compliance-related risks are understood and addressed across Product Development
• Maintain accurate and up-to-date knowledge of regulatory requirements and products/services, showcase this by ensuring the organization is not exposed to any regulatory penalty
• Provide effective compliance support to stakeholders
• Identify,escalate and follow up with relevant parties to regularize all observed compliance risks and issues
• Ensure timely submission of regulatory returns and maintenance of up to date compliance policies and SOPs

Preferred Qualifications

• MBA/Masters Degree in Banking and Finance, Management, Accounting or a related field will be an added advantage
• Professional certifications in compliance such as: Designate Compliance Professional (DCP) is compulsory
• Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), etc.will be an added advantage