INTERNAL CONTROL & COMPLIANCE MANAGER AT PHASE3 TELECOM | INTERNAL CONTROL & COMPLIANCE JOBS IN ABUJA

About Company:

Phase3 Telecom is West Africa’s largest independent fibre optic infrastructure and telecommunications services provider. With coverage of 6000km and counting, the company is licensed to run its network on Nigeria’s power infrastructure with expansion into the ECOWAS region using its unique Right of Way (RoW).

Job Description:

We are seeking a highly experienced Internal Control & Compliance Manager to join our senior leadership team. This strategic role is pivotal in ensuring our Microfinance Bank operates in strict adherence to regulatory frameworks, internal policies, and industry best practices. You will lead the design, implementation, and monitoring of robust internal control systems to proactively mitigate operational, financial, and compliance risks while serving as our primary liaison with regulatory bodies, including the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC).

Requirements:

• Regulatory Compliance: Ensure full adherence to CBN microfinance guidelines, AML/CFT regulations, and NDIC requirements. You will manage regulatory examinations, lead audits, and ensure the timely submission of accurate prudential guidelines and financial reports.

• Internal Controls & Risk Management: Develop and maintain comprehensive control frameworks across lending, treasury, IT, and branch operations. You will identify control weaknesses and fraud vulnerabilities, conducting department-wide risk assessments to ensure effective segregation of duties.

• Audit & Monitoring: Lead rotational internal audits and process reviews. Conduct surprise cash counts and loan portfolio testing. You will be responsible for investigating whistleblower reports and fraud, tracking corrective actions to resolution.

• AML & CFT Oversight: Oversee the bank’s Anti-Money Laundering and Counter-Financing of Terrorism programs, ensuring rigorous Know-Your-Customer (KYC) and Enhanced Due Diligence (EDD) standards. Maintain registers for PEPs and sanctioned entities.

• Strategic Reporting & Training: Provide quarterly compliance reports to the Board Audit & Risk Committee. Act as a strategic advisor to management regarding the compliance implications of new product launches and expansion plans, while facilitating staff training on fraud prevention and ethical conduct.

Qualifications and Skills:

• Education: Bachelor’s degree in Accounting, Finance, Economics, or Law (Master’s degree preferred).

• Professional Certifications: Required: CIA, CFE, or ACA/ACCA/CIMA. (CAMS certification is a strong advantage).

• Experience: A minimum of 8 years of progressive experience in internal control, audit, or risk management within a CBN-regulated financial institution, with at least 3 years in a managerial capacity.

• Expertise: Demonstrable experience in managing CBN/NDIC regulatory returns, investigating financial fraud, and implementing institutional control systems.

• Technical Skills: Deep proficiency in the BOFIA and AML/CFT Act, core banking applications, and data analytics tools for audit testing. Familiarity with IFRS for financial institutions is essential.

Salary

Application Closing Date: Not specified

Application Instructions:

Interested and qualified candidates should send their portfolio and CV to: recruitment@phase3telecom.com using the Job Position as the subject of the email.