First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.
Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.
The Bank has been named “The Best Bank Brand in Nigeria” four times in a row – 2011, 2012, 2013, 2014 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. FirstBank’s brand purpose is to always put its customers, partners and all stakeholders at the heart of its business, even as it is poised to standardise customer experience and excellence in financial solutions across Sub Saharan Africa, in consonance with its brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on FirstBank’s inherent values of passion, partnership and people, to position our customers first in every respect.Responsibilities
Carry out first level support to the Branches for all regulatory and compliance activities
Promoting positive compliance culture in branch.
Providing compliance advisory support to business and operations within designated branches.
Coordinating KYC/AML/CFT & Compliance training and awareness at branch level.
Review all transaction alerts escalated by the Monitoring tool and other designated transactions on high-Risk accounts
Investigate all unusual transactions and ensure appropriate escalation/reporting to designated regulatory agencies
Conducting spot checks/inspections within the Branch to assess the level of voluntary compliance maintained and providing support to branches to ensure timely closure of exceptions
Performing regular compliance risk assessment of regulatory activities and develop remediation plans
Monitoring the implementation of branch compliance and conduct remediation plans and escalate open activities to Branch Head and Head, Compliance Monitoring and Reporting.
Conduct periodic review of newly opened and existing accounts for compliance with regulatory requirement.
Coordinate and review due diligence on customers with changed risk ratings as generated by Oracle KYC for branches.
Conduct periodic branch visitation to ascertain adherence to regulatory provisions and internal policy expectations.
Conduct Agency Banking visitation review or any review as assigned by Head of unit
Conduct reviews on the activities of the Money Transfer Operations (FLAs)
Requirements
First degree (or equivalent) in Law, Banking & Finance or related discipline.
A minimum of 6 years experience working in compliance or related areas in financial services
Experience of implementing and advising on compliance programs.