Job ID:296519
Date Posted:08/08/2011
Job Function:Compliance
Location:Nigeria - SCB
Full/Part Time:Full-Time
Regular/Temporary:
Job Description
• Assist the Head, Compliance in administering all aspects of CRM, KYC and AML, and in upholding the policies and standards of the Bank
• Assist the Head, Compliance to support management in ensuring that SCBNL operates to high standards of conduct and meets all regulatory requirements and group compliance and ethical policies (including Code of Conduct) so as to enhance and protect the Bank’s reputation and avoid financial loss
• Ensure that the Compliance Risk Management framework is operating effectively in all the businesses and functions in Nigeria
• Ensure compliance to the Group Money Laundering Prevention requirements
Key Roles & Responsibilities
• Support the Head of Compliance in providing proactive in-house compliance advice to management and staff on regulatory, reputational and ethical matters, including updates to management and staff on regulatory and compliance developments relevant to the Group’s business
• Assist the Head of Compliance in providing compliance and regulatory input on the design and restructuring of new products and systems and ensure they conform to local regulatory requirements and internal compliance and ethical standards, and to assist in projects undertaken by the bank locally or Groupwide
• Provide administrative support to ensure compliance by staff with the letter and spirit of policies and procedures, and the Group Code of Conduct
• Undertake compliance reviews against regulatory rules and internal compliance standards and follow up on any compliance weaknesses identified
• Assist in providing compliance training and promoting compliance related computer-based training to enhance the compliance knowledge and awareness of staff
• Complete on a timely basis Group reporting requirements in respect of KYC/CRM or Compliance and any other reports that may be required from time to time
• Monitor and ensure the CRM framework is being adhered to by all the businesses and functions within the countries in West Africa
• Review appropriateness of compliance controls/environment within businesses and recommend changes/reviews where necessary
• Ensure that the compliance risk matrix is updated with new or amended local regulations, legal requirements or Group compliance standards
• Establish, maintain and implement an annual plan for compliance monitoring reviews using Compliance Assessment Templates (CATs) and ensure that controls and remedial actions put in place are commensurate with the risks
• On a sample basis, undertake independent spot risk assessments within the various businesses to ensure high standards of risk monitoring and controls are maintained
• Keep track of changes in regulatory environment and recommend changes to the country CRM framework
• Spearhead compliance training/re-training and ensure that all staff in SCB Nigeria are fully conscious of compliance risks and are able to spot potential and emerging risks and report to the centre as appropriate
• Assist businesses in formulating processes and controls for monitoring, detecting and reporting suspicious activities (SARs)
• Assist businesses to capture ML risks specific to bundled products offered on a portfolio basis
• Ensure that all key country risks are properly reported to Group and monthly updates provided within the set timetable
• Develop relationship with Compliance Officers in other reputable financial institutions to ensure that SCB is at the forefront of the best market practice
• Take ownership of FACTIVA/SRL and PME databases to ensure that the business has an effective process in place for checking names of new account applications and existing accounts against these databases and that the process is being followed
• Undertake periodic reviews of the FACTIVA/SRL and PME databases in use in country to ensure they remain relevant, up to date and continues to provide the functionality required to meet local regulations and country KYC standards
• Keep local Compliance and CRM manuals up to date
• Ensure there is an effective process in place for undertaking Q&A reviews of accounts opened and submit statistics of reviews to CORG and Regional Head of Compliance and Regional Head of FCR
• Ensure there is an effective process in place for on-going account management and periodic reviews for high-risk accounts. Submit statistics of reviews to CORG, Regional Head of Compliance and Regional Head of FCR
• Assist in the promotion of the relationship with regulators in the country
Qualifications & Skills
• Good university degree with at least 8 years work experience preferably in a compliance environment.
• Working knowledge of the local regulatory and business environment with an aptitude for system-related projects
• Strong analytical skills and risk management capabilities
• Independence of mind and ability to withstand pressure from businesses
• Good interpersonal skills
• Good written and spoken English
In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required.
Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
Application
Apply to Standard Chartered Bank Careers:Click here to open page
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