Head of Compliance

About the role

Retrust Microfinance Bank is looking for a Head of Compliance based in Lagos, Marina. The role develops and oversees the Bank's compliance framework, advises management and the Board on regulatory matters, and leads the compliance team.

Key responsibilities

• Develop, implement and periodically review the Bank's compliance policies, procedures and framework in line with laws, CBN regulations and other regulatory requirements.
• Monitor compliance with statutory obligations, regulatory directives, internal policies, operational procedures and industry standards.
• Provide legal and regulatory advice to the Managing Director, management team and Board on compliance matters.
• Coordinate compliance reviews, risk assessments, internal control monitoring and regulatory compliance audits, ensuring gaps are addressed promptly.
• Ensure timely preparation and submission of regulatory returns, reports and statutory filings to the CBN and other authorities.
• Oversee AML/CFT requirements, KYC procedures, sanctions screening and suspicious transaction reporting.
• Monitor changes in laws and regulations and advise management on their implications.
• Liaise with regulators, external auditors, legal advisers and other stakeholders.
• Develop and deliver compliance awareness programmes and training, and maintain compliance records and registers.
• Lead, supervise and develop the compliance team, and escalate material breaches and risks to management and governance.

Required profile

• Bachelor of Laws (LL.B.) or a degree in social sciences from a recognised university or polytechnic.
• Minimum of 6 years' relevant experience in regulatory compliance, risk management or a related field, preferably in a bank, microfinance bank or regulated financial institution.
• Demonstrable knowledge of CBN regulations, Nigerian financial services laws, corporate governance and regulatory compliance.
• Experience in compliance monitoring, regulatory reporting, policy development and engagement with regulators; experience leading a compliance function is an advantage.
• Professional training or certification in compliance, AML/CFT, MCIB, risk management or corporate governance is an advantage.

Required skills

• Strong legal research, interpretation, analytical and problem-solving skills.
• Sound understanding of banking regulations, AML/CFT, KYC standards and compliance frameworks.
• Excellent written and verbal communication, including preparing regulatory reports and management briefs.
• Leadership, organisational and stakeholder management skills.
• Integrity, confidentiality, attention to detail and the ability to meet regulatory deadlines.