Regulatory Compliance Officer

Job Summary

The Compliance Officer is expected to provide comprehensive support to the organisation to ensure that the organisation’s operations, policies and procedures adhere to relevant laws, regulations and industry standards, whilst promoting ethical conduct, risk mitigation and regulatory compliance across board.

Job Details

Job Responsibilities: - 

Regulatory Submissions & Reporting

i) Prepare, compile, and submit all regulatory returns, reports, and filings to the CBN, NFIU, EFCC, NITDA/NDPC, and other applicable regulators within stipulated timelines. 

ii) Maintain a comprehensive regulatory submissions calendar, ensuring zero late or missed filings across all regulatory bodies. 

iii) Coordinate with Finance, Operations, IT, and other departments to obtain required data for accurate and complete regulatory submissions. 

iv) Track and document all regulatory correspondence, acknowledgements, and feedback, and escalate exceptions promptly to the Head of Department.

 v) Prepare and submit Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) to the NFIU in accordance with AML/CFT requirements.

 vi) Maintain organised records of all submissions, including evidence of filing, acknowledgement receipts, and supporting documentation.

Policy Development, Revision & Tracking

i) Develop, implement, and maintain compliance programmes, policies, and control frameworks aligned with CBN regulations, NDPR/NDPA, CAMA, and other applicable laws. 

ii) Conduct periodic reviews of all compliance policies and procedures to assess their adequacy, accuracy, and continued alignment with regulatory requirements. 

iii) Drive the timely renewal or revision of compliance policies as regulations evolve, ensuring all changes are formally documented, approved, and communicated.

iv) Maintain a compliance policy register with version control, review schedules, owners, and approval status for every applicable policy. 

v) Develop and maintain AML/CFT/CPF policies, KYC/CDD/EDD procedures, sanctions screening frameworks, and data protection policies. 

vi) Liaise with Legal Counsel to ensure all policies reflect current legal interpretation and are enforceable within Credit Direct's operating environment.

Regulatory Monitoring & Intelligence

i) Monitor regulatory developments and changes by tracking CBN circulars, NFIU advisories, NITDA/NDPC guidance, and relevant legislation on an ongoing basis. 

ii) Maintain a regulatory change log, assessing the impact of new or amended regulations on Credit Direct's operations, products, and processes. 

iii) Prepare and circulate regulatory intelligence briefs to relevant internal stakeholders, including Senior Management and the Board where required.

 iv) Maintain active liaison with external regulatory bodies and stakeholders to ensure open communication, manage examination processes, and facilitate information requests. 

v) Represent Credit Direct at industry compliance forums, workshops, and regulatory engagement sessions as directed by the Head of Department. 

vi) Monitor global AML/CFT/CPF trends, FATF guidance, and best practices relevant to consumer lending and digital financial services in Nigeria and across African markets.

Internal Compliance Monitoring & Risk Assessment

i) Monitor all business units and operational processes on a continuous basis to identify potential regulatory infractions, compliance gaps, and policy deviations. 

ii) Conduct structured compliance risk assessments to identify, measure, and prioritise compliance risks across Credit Direct's products, processes, and third-party relationships. 

iii) Develop and implement a risk-based compliance testing programme, covering AML/CFT controls, KYC/CDD/EDD procedures, data protection, and consumer protection obligations. 

iv) Evaluate internal processes, systems, and operational workflows to identify vulnerabilities and recommend risk mitigation strategies. 

v) Track and monitor the timely closure of compliance findings, regulatory recommendations, and corrective action plans. 

vi) Conduct independent assessments of new products, distribution channels, and market entry activities to identify compliance risks prior to launch. 

vii) Assess the compliance risk profile of third-party vendors, agents, and fintech partners, and escalate concerns to relevant stakeholders.

Compliance Reporting & Documentation

i) Maintain accurate, complete, and well-organized compliance records, including incident reports, compliance testing results, audit trail documentation, and remediation actions.

ii) Prepare periodic compliance reports for submission to Senior Management, the Board Audit & Risk Committee, and relevant external bodies. 

iii) Report on key compliance risk indicators (KRIs), regulatory exposure metrics, and the status of the compliance monitoring programme. 

iv) Document all STR/CTR filings, sanctions screening alerts, and AML/CFT case outcomes in compliance with NFIU and CBN record-keeping requirements. 

v) Maintain a sanctions and Politically Exposed Persons (PEP) screening log, including all escalated cases and their resolution.

Training, Awareness & Compliance Culture

i) Design and facilitate compliance awareness and training programmes for all staff, covering AML/CFT, KYC/CDD, data protection, consumer protection, and ethical conduct. 

ii) Develop role-specific compliance training content for frontline staff, agents, branch operations, and management. 

iii) Track compliance training completion rates across the organisation and report on staff awareness levels to Management. 

iv) Embed a culture of compliance by promoting ethical conduct, proactive escalation, and accountability across all levels of the organisation. 

v) Serve as a first point of contact for staff seeking guidance on compliance obligations, reporting concerns, or interpreting regulatory requirements.

Other Support

i) Support the Head of Legal, Compliance & Governance in managing regulatory examinations, including preparing examination files, coordinating responses, and tracking post-examination actions. 

ii) Contribute to the development of Credit Direct's compliance risk appetite statement and compliance framework. 

iii) Ensure compliance with NDPR/NDPA data protection obligations, including data processing agreements, privacy notices, and data subject rights management. 

iv) Maintain up-to-date knowledge of regulatory changes, global compliance best practices, and emerging risks in digital lending and consumer finance. 

v) Other general administrative duties and responsibilities assigned by the Head of Unit/Department.

Requirements

Job Requirements: 

Education/ Professional Qualification

• B.Sc. in Law (LL.B/B.L), Finance, Accounting, Business Administration, Economics, or a related field. 

• Membership or certification from a recognised compliance or risk body: Certified Compliance Professional (CCP), Designated Compliance Professional (DCP), ACAMS (Certified Anti-Money Laundering Specialist), ICA Diploma in Compliance, or equivalent.

 • Additional certifications in AML/CFT, data protection (NDPR, GDPR), or financial crime compliance are desirable.

Experience:

• Minimum 3 to 5 years of relevant experience in compliance, legal, risk, or regulatory affairs within a bank, finance company, or regulated financial services institution. 

• Demonstrable hands-on experience in at least two of the core areas: regulatory submissions, AML/CFT compliance, internal compliance monitoring, or policy development.

 • Familiarity with CBN regulatory requirements for finance companies, including the CBN Guidelines for Finance Companies, AML/CFT/CPF Regulations, and Consumer Protection Framework. 

• Exposure to NDPR/NDPA data protection obligations, NFIU reporting requirements, and financial crime compliance is required. 

• Experience in fintech, digital lending, or consumer finance environments is strongly preferred.

Competencies Requirements:

Technical

• Deep understanding of CBN regulatory framework for finance companies: prudential guidelines, AML/CFT/CPF regulations, Consumer Protection Framework, and CBN Know Your Customer (KYC) Manual. 

• Comprehensive knowledge of AML/CFT/CPF policies, KYC/CDD/EDD procedures, sanctions screening, PEP identification, and Suspicious Transaction Reporting (STR/CTR). 

• Knowledge of CAMA 2020, FCCPA, EFCC Act, and other relevant Nigerian legislation applicable to consumer finance companies. 

• Understanding of risk-based compliance monitoring, compliance testing methodologies, and regulatory examination management. 

• Awareness of fintech regulatory developments, open banking regulations, and digital financial services compliance requirements.

Behavioral

● Entrepreneurial Mindset 

● Excellence 

● Execution 

● Energy 

● Empathy 

● Evolution 

● Emotional Intelligence

 ● Decision-Making 

● Result Oriented 

● Communication written & verbal 

● Stakeholder Management 

● Analytical Thinking 

● Managing Risk

Benefits

At Credit Direct Limited, we value our employees and strive to provide a comprehensive benefits package that recognizes their contributions and supports their well-being. As part of our commitment to a positive work environment, we offer the following benefits:

Competitive Salary: We offer a competitive salary structure that is commensurate with industry standards and recognizes the skills and experience of our employees.

Quarterly Performance Pay: We recognize and reward exceptional performance. Our quarterly performance pay program allows employees to earn additional compensation based on their individual and team achievements.

Transport Subsidy: We understand the importance of accessible transportation for our employees. To assist with commuting expenses, we provide a transport subsidy to help alleviate the financial burden associated with travel to and from work.

Staff Bus: We offer a convenient and reliable staff bus service for eligible employees, ensuring a comfortable and stress-free commute to the workplace.

Hybrid Work: We believe in providing flexibility and work-life balance. Our hybrid work policy allows eligible employees to work remotely for a certain number of days per week, promoting a healthy work-life integration.

13th Month Salary: As an additional financial benefit, we provide a 13th-month salary to our employees. This extra payment, usually received at the end of the year, serves as a bonus and acknowledges their dedication and commitment throughout the year.

Leave Allowance: We recognize the importance of taking time off for rest and relaxation. In addition to annual leave entitlement, we provide a leave allowance to eligible employees, offering financial support during their vacation time.

Profit Sharing: We believe in sharing our success with our employees. Through our profit-sharing program, eligible employees have the opportunity to receive a share of the company's profits, providing an additional incentive for their dedication and hard work.

These benefits are designed to support our employees' financial well-being, work-life balance, and professional growth. We continuously review and enhance our benefits package to ensure that it remains competitive and aligned with the needs and preferences of our valued employees.

About Company

Credit Direct Finance Company Limited

https://creditdirect.seamlesshiring.com

Credit Direct is the Fintech arm of the FCMB Group.