Senior Compliance Officer- Umba HND / BA / BSc Job

Location: Lagos

Employment Type: Full Time

About the Role

Umba is seeking a seasoned Compliance officer to join our dynamic team. The role is essential to ensuring that our activities comply with legal, regulatory as well as market-specific compliance standards.

When you join the Umba team, you will take up the responsibility of renewing existing licenses/approvals whilst also acquiring new licenses, developing and implementing compliance policies and processes amongst others.

Objective

To ensure Umba is complying with applicable laws, rules, and regulations, as well as internal policies; and mitigate/minimize regulatory, reputational, or financial risks

Responsibilities

To ensure compliance by Umba and prevent regulatory sanctions from non-compliance, monitor Umba’s overall adherence to the regulations of relevant regulatory authorities.

Identify and assess risk areas and thereafter develop internal policies/mitigants that will significantly reduce the likelihood of occurrence of those risks.

Develop and implement an organization-wide compliance plan and periodically advise management on the status of implementation

Review and analyze regulatory circulars and policies, letters, and exposure drafts, outlining areas of compliance for Umba.

Identify and resolve operational gaps and reconciliation issues to prevent operational/fraud/business losses.

Review new products, processes, and procedures before implementation.

Provide accurate and timely reports to assist Management in decisions making .

Ensure existing licenses and regulatory approvals are renewed as and when due, whilst also acquiring new licenses that aligns with Umba's business objectives and growth trajectory

Conduct regular compliance audits and assessments to evaluate the effectiveness of compliance measures and identify areas for improvement.

Encourage a culture of awareness and attentiveness by providing internal teams with compliance-related information and training.

Liaise with external regulatory bodies, legal advisors, and partners to ensure a strong network of compliance support and up-to-date knowledge.

Requirements

You could be a great fit if you have the following:

Bachelor's Degree in Law, Business, Finance, or a related field; advanced degree or relevant certifications (e.g.DCP, CAMS, CFE, CAFCA) is a plus.

A demonstrated track record of at least 5 years in a compliance role with exposure to emerging markets, ideally in the Fintech or commercial banking sectors.

Excellent interpersonal and communication abilities to work well with internal teams, outside partners, and regulatory authorities.

Strategic attitude with the capacity to strike a balance between Umba’s corporate goals and industry/government regulations, promoting innovation while upholding a solid ethical basis.

Strong analytical skills to evaluate complicated regulatory concerns and create workable solutions.

Ability to manage regulatory audits during regulatory inspections and examinations, and providing responses to auditors

A good knowledge of the extant banking regulations

Transaction monitoring skills for Suspicious Activity Reporting

Application Closing Date

Not Specified.

Method of Application

Interested and qualified candidates should:

Click here to apply online

Umba combines advanced tools and techniques to optimize risk exposures in emerging markets that are currently underserved by traditional banking services. The Umba platform allows users to apply, receive and repay microloans through their mobile phone while using machine learning to underwrite using a risk score that is highly accurate and improves over time.
umba has just rolled out a new online POS solution and is teaming up with some of the biggest e-commerce merchants to increase customers access to online goods and services.