Head - Compliance and Governance at Koins Microfinance Bank

Responsibilities

Compliance:

• Design the Bank's compliance program/plan on an annual basis.
• Develop a compliance policy for the Bank
• Ensuring that appropriate returns are prepared and filed with the relevant regulatory authorities such as the CBN, NFIU, CAC, FIRS, NSITF, ITF, PENCOM etc.
• Develop and maintain a thorough understanding of all applicable laws and regulations as well as the Bank's internal standards of conduct and procedures as stated in the Bank's Code of Ethics, Conduct and Conflict of interest policies.
• Monitoring compliance with laws, rules, and regulations governing the affairs of the Bank and ensuring prompt regulatory reporting
• Working with HC and L&D team to develop an effective compliance training program including apt introductory training for new employees and ongoing training for all employees and managers
• Put in place adequate program for the Bank's AML/CFT drive and monitoring and ensure that new products and/or business initiatives are designed in conformity with applicable regulations in mind
• Prepare quarterly compliance reports to the BAC and the Board
• Acting as an independent review and evaluation person to ensure that compliance issues and concerns within the bank are being aptly evaluated, investigated and resolved
• Taking apt steps to improve effectiveness of compliance monitoring program

Governance:

• Assist the retained Company Secretaries to ensure the smooth running of Board and board committee meetings.
• Review minutes of board and board committee meetings as drafted by the Company Secretaries.
• Follow up with respective managers on action points from Board and board committee meetings
• Prepare quarterly governance report to the BNGC.
• Act as the Secretary to the Bank’s Executive Committee
• Coordinate the annual Board evaluation exercises