9 Payment Service Bank

  • Nigeria

  • Permanent

  • Full-time

The role requires someone who can operate in the compliance function, with the ability to utilize technology and innovation to implement compliance-related goals and objectives that have been laid out. The individual will support the business by providing a solution mindset to AML/CFT and compliance advisory for products, services, and customers based on policies and regulations.

  • Minimum Qualification: Degree
  • Experience Level: Entry level
  • Experience Length: 1 year

Job Description/Requirements

Roles and Responsibilities:


  • Collaborate and corporate with business teams to ensure implementation of the compliance processes and culture as delegated by the Head of Compliance.
  • Ensuring compliance with AML/CFT requirements; in particular, account activity reviews and investigations to identify unusual and suspicious patterns.
  • Establish and maintain relationships with external regulators & statutory agencies.
  • Regularly audit company procedures, practices, and documents to identify possible weaknesses or risks.


  • Carrying out technology-driven transaction monitoring and reporting processes.
  • Identifying and escalating suspicious transaction reports for investigations for approval by the CCO for filing to the FIU.
  • Ensure the filing of relevant regulatory returns
  • Utilizing technology and various investigative tools for KYC monitoring to ensure regulatory alignment.
  • Monitor customer risk classification via an electronic tool.
  • Ability to support the Head of Compliance to review products and services of the Bank to ensure that ML/TF risks have been identified and mitigants built-in.
  • Support expansion for new payments product launches by scoping, defining, and communicating product and compliance requirements
  • Participate in preparing the compliance team records for periodic audits of the compliance function.
  • Create and circulate compliance awareness slides to inform business units of their compliance responsibilities.
  • Ensure due diligence is performed on customers, with Enhanced due diligence being implemented for high-risk customers.
  • Ensure all employees are educated on the latest regulations and processes.
  • Evaluating business objectives and regulatory developments, and propose compliance solutions within the bank’s risk tolerance and regulatory requirements
  • Anticipate changes in regulatory regimes and implement the appropriate changes with our policy and procedure owners
  • Reviews bank policy changes for compliance issues prior to final design and implementation.
  • Ensure compliance with ethics policy and implementation of whistleblowing.
  • Oversee fraud investigations involving customer accounts and recovery of funds and coordinate investigations with appropriate internal resources and external investigation and enforcement officials.
  • Conduct internal investigations of employee activities where there are violations of bank policy or regulation.

Education and Experience:

  • Experience of 1 – 4 years. Also, experience in applicable payments, card networks, agent banking, and money transmission rules and regulations.
  • Membership of any compliance institution such as ICA, ACAMS, and CIN is an advantage.
  • Compliance training done with the ICA, ACAMS, CIBN, NIBSS, FITC and the like would be an added advantage.
  • Transaction monitoring and reporting.
  • KYC Monitoring and reporting.
  • A fundamental understanding of payments fraud, with the associated metrics and technologies.
  • Basic to medium level knowledge of local and Global AML Compliance and Banking regulations
  • Basic knowledge of Customer Risk assessment and Compliance Risk Management
  • SQL, Data science knowledge is an added advantage.
  • A track record of following through on commitments
  • Competency in Microsoft applications including Word, Excel,
  • Good planning, organizational, and time management skills to close out assigned tasks.
  • Contribute to other needs within the Compliance team as may be required from time to time

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