Jobs

Regulatory Compliance Officer (Banking Officer - Senior Banking Officer) at Sterling Bank Plc

Sterling Bank Plc "Your one-customer bank" is a full service national commercial bank in Nigeria. In over 50 years of operations, Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank; and completed a merger with 4 other banks - Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa - as part of the 2006 consolidation of the Nigerian banking industry.

We are recruiting to fill the position below:

Job Title: Regulatory Compliance Officer (Banking Officer - Senior Banking Officer)

Location: Lagos
Job type: Full-time
Specialization(s): Banking / Finance / Insurance

Job Objective

To ensure that the Bank is complying with applicable laws, rules and regulations, as well as internal policies, and minimize or mitigate regulatory, reputational, or financial risks etc

Accountabilities

Monitor Bank wide compliance to policies of other regulatory bodies to achieve compliance by the Bank and avoiding regulatory sanction from non-compliance.
Review and analyze regulatory circulars and policies, letters and exposure drafts, outlining areas of compliance for the Bank.
Communicate and engage internal stakeholders; to provide information, and feedback on new and existing regulatory circulars / letters / guidelines and exposure drafts.
Identify and assess risk areas and design internal policies/mitigants that will reduce the likelihood of occurrence/crystallization of the risks.
Provide employee training on compliance related topics, policies, and procedures.
Develop an approved Training Plan for the year.
Domesticate regulatory policies, which includes Internal Policy review and formulation in line with regulatory requirement.
Ensure standardized, updated, properly referenced and compartmentalized internal policies.
Update and monitor the completeness of the Compendium of Policies Portal with departmental policies.
Ensure timely advisory on compliance enquiries by internal customers.
Communicate key AML/CFT Policies through compliance newsletters, regulatory trends, and highlights.
Review and assess exceptions derived from AML and other related regulatory examinations.
Carry out regulatory examination management, regulatory engagements, and advocacy.
Develop plan and co-ordinate regulatory directives implementation
Monitor level of policy implementation within the Bank.
Communicate status of implementation to Executive Management through line manager.
Facilitate development of compliance culture through compliance training, planning and implementation.