CLUSTER COMPLIANCE OFFICER-VACANCY AT ECOBANK TRANSNATIONAL INCOPRORATED

Job Description

Read and understand all the processes in the Compliance Department and apply the same to allocated tasks within the Cluster;

Responsibilities

• Read and understand all the processes in the Compliance Department and apply the same to allocated tasks within the Cluster;
• Enforce 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;
• Reinforce compliance publications, directives, and guidelines to ensure a robust compliance culture;
• Guide the New Guide to Account opening concerning client’s on-boarding, KYC/customer due diligence (CDD), compliance counseling, advisory, and decision support services to front office staff about AML/CFT and compliance-related issues;
• Monitor and report developments, and general awareness on topical and relevant issues that could result in reputational risks to the Bank;
• Provide ongoing compliance support wherever required;
• Check and ensure all regulatory displays in branches are accurate and current;
• Develop open relationships with Law Enforcement Agencies and y Authorities;
• Maintain a repository of all accounts instructed to be placed on PND or FREEZE by the Regulatory or LEAs within the Cluster;
• Maintain and regularly update the Regulatorlist of accounts in the branch watchlist;
• Collate and record all Cluster compliance regulatory visits/communication in the compliance log in the proper format after each meeting;
• Ensure integrity of the transactions and GL accounts in the branches through daily review of the branches’ GL balance reports and other relevant ad hoc and standard reports.
• Ensure prompt and qualitative rendition of relevant returns and reports as may be required for the branches
• Institute and enforce aggressive revenue assurance and cost reduction strategies/tactics for branches/products under purview to ensure zero income leakages.
• Ensure follow-up on unresolved exceptions in the Inspection report and sign off the Audit Verification Certificate.
• Ensure daily review of TJ & GL of all branches.
• Ensure that Operators carry out first-level Callovers of transactions effectively.
• Identify potential areas of compliance vulnerability and risk within the Cluster and escalate promptly to the Area Compliance Officers;
• Implement corrective action plans for resolution of observed compliance gaps;
• Ensure that accounts placed on PND because of incomplete documentation are not indiscriminately lifted unless such documentation deficiencies have been regularized;
• Drive KYC in every customer’s account and take necessary steps to improve the status of documentation on old and existing accounts;
• Follow-up and ensure timely resolution of audit exceptions raised by the Regulators, Internal Audit, and ARR Team that relate to the branches within the Cluster;
• Monitor, investigate, and close allocated transactions on SWIFT SANCTION Screening as it relates to the Cluster and escalate concerns to the Cluster Head;
• Monitor, investigate, and close allocated transactions on SIRONAML Analysis for the Cluster and escalate challenge (if any) to the Cluster Head;
• Review accounts to ensure that all PEP accounts in the Cluster are properly documented, have Senior Management’s approval, customer risk assessment Form, and account properly coded on the core banking application (CBA);
• Ensure review of Currency Transaction Reports (CTRs) and Foreign Transactions Reports (FTRs) daily to identify and report suspicious transactions resulting from transaction monitoring
• Follow up on branches to ensure the resolution of exceptions identified in the weekly currency transactions reports (CTRs);
• Liaise  with branches to ensure that exceptions on the SmartScreen Application are resolved immediately to aid data integrity of reporting;
• Organise and participate in the knowledge sharing sessions (KSS) on AML/CFT compliance and other scheduled training
• Ensure timely review of all transactions flagged by the Head Office Funds Transfer Team and those received through ACL alerts, take appropriate action for the purpose of filing suspicious transactions reports to the Nigeria Financial Intelligence Unit (NFIU);
• Ensure prompt response to all regulatory and LEAs inquiries from the central compliance office;
• Investigate and report unusual/suspicious transactions to the Head, AML/CFT for the attention of the Chief Compliance Officer (CCO);
• Generate follow-up memos to Branch management on exceptions raised from the Branch’s daily activities review.
• Review of GL proofs every month.
• Carry out fixed assets verification exercise/stock count of goods under hypothecation as directed by the Control Monitoring Unit in line with the Compliance plan review chart.
• Review the operations, security, and general environment of the Branches
• Ensure follow-up with Regulatory and other Statutory Examiners’ Reports involving the branches.
• Conducts spot checks, special investigations/inquiries as may be assigned from time to time
• Ensure that open items in the branches’ GL accounts are current and reflect the true nature of the products recorded therein. Any major deviation from the standard must be escalated following the appropriate procedures.
• Daily review of all system-generated exception reports/alerts
• Seriality review for all number forms (e.g. MC, Deal Slip, Form “M”, “A” etc. to ensure completeness, orderly use of form, and proper posting during onsite review).
• Outward and inward clearing review.
• Review of ATM reconciliation.
• Conduct sweep and other functions as may be assigned from time to time.
• Conduct due diligence on vendor verification from time to time as requested by EBS in rating the bank’s vendors.
• At the behest of the Legal Unit, attend court sessions on fraud cases.
• Detailed independent validation of RCSA.
• Organize and coordinate all compliance training activities within the clusters.
• Monitoring of Offsite ATMs in line with regulation.
• Carry out periodic reviews of accounts with zero balance.
• Review of Bonds and guarantees running on the bank’s database.
• Review of accounts without SMS/email alerts
• Review of accounts without BVN.
• Expenses review to identify major expense drivers and spot abnormal expenses posted in the branch database.
• Prepare Weekly Compliance Activity Reports on job function areas and send them to the Area Compliance Officer;
• Perform any other functions as may be assigned from the central office from time to time.

Qualification

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

Location: Benin, Edo and Port Harcourt, Rivers, Nigeria.

For More Information: CLUSTER COMPLIANCE OFFICER