COMPLIANCE MONITORING AND FINANCIAL INTELLIGENCE OFFICER AT POLARIS BANK LIMITED | BANKING JOBS IN LAGOS

About Company:

Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018 to offer commercial banking services to the Nigerian public. The bank commenced services on the same day, having purchased the assets and assumed certain liabilities of the defunct Skye Bank.With a footprint of over 350 branches across the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best in class/state of the art Information Communication Technology (ICT). By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient and secured banking services.

Job Description:

• The role involves monitoring and analysing transactions and activities to detect and prevent financial crimes, such as money laundering and terrorism and proliferation financing by using various tools and techniques to conduct ongoing monitoring and analysis of customer transactions, ensuring compliance with anti-money laundering (AML) ,counter-terrorism financing (CTF) and combating proliferation financing regulations.
• The role involves reporting suspicious activities, conducting investigations, and working closely with other departments and regulatory authorities to mitigate risks and strengthen the bank's compliance framework.

Core Functions and Responsibilities

• Monitor financial transactions and activities for compliance with regulations and internal policies
• Analyze data to identify potential compliance risks and financial crimes
• Conduct investigations and report findings to management and regulatory bodies
• Develop and implement compliance monitoring programs and procedures
• Collaborate with internal stakeholders to identify and mitigate compliance risks
• Stay up-to-date with changing regulations and industry standards
• Provide training and guidance to employees on compliance policies and procedures

Key Performance Indicators

• Compliance Monitoring Coverage
• Investigation completion rate
• Risk Identification Rate
• Regulatory Reporting Accuracy
• Compliance Issue Resolution Rate
• Financial Crime Detection Rate
• Investigation Report Timeliness
• Monitoring System Effectiveness

Requirements:

Salary

Application Closing Date: Not specified

Application Instructions:

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