Compliance Officer at Polaris Bank Limited


About "Polaris Bank Limited "

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.

We are recruiting to fill the position below:

Job Title:

Compliance Officer

Job Location:

Not specified.

Job Type:

Contract Jobs

Job Description

  • We are currently sourcing for forward thinking and smart candidates to be recruited as Compliance Officers.
  • They will be engaged in ensuring that the bank abides by all applicable laws, regulations and internal policies.
  • This includes reviewing existing policies, making sure they are up-to-date and compliant with all relevant laws, and recommending new policies where necessary.
  • Read and understand all the processes in the Compliance Department and apply same to allocated tasks.
  • Enforce Risk based AML/CFT Manual and other Compliance Internal Policies;
  • Implement AML/CFT Laws, other applicable Laws, CBN AML/CFT Regulations and International Best Practice documents;
  • Reinforce compliance publications, directives, guidelines to ensure a robust compliance culture
  • Provide guidance on New Guide to Account opening with respect to client’s on-boarding, KYC/customer due diligence (CDD), compliance counseling, advisory and decision support services to front office staff in relation to AML/CFT and compliance related issues;
  • Monitor and report developments, general awareness on topical and relevant issues that could result in reputational risks to the Bank;
  • Provide on-going compliance support wherever required;
  • Check and ensure all regulatory displays in branches are accurate and current;
  • Develop open relationship with Law Enforcement Agencies and regulatory Authorities;
  • Maintain a repository of all accounts instructed to be placed on PND or FREEZE by the Regulatory or LEAs within the Cluster;
  • Maintain and regularly update list of accounts in the branch watchlist;
  • Collate and record all Cluster compliance regulatory visit/communication in the compliance log in the proper format after each meeting;
  • Ensure integrity of the transactions and GL accounts in the branches through daily review of the branches’ GL balance reports and other relevant adhoc and standard reports.
  • Ensure prompt and qualitative rendition of relevant returns and reports as may be required for the branches
  • Institute and enforce aggressive revenue assurance and cost reduction strategies/tactics for branches/products under purview to ensure zero% income leakages.
  • Ensure follow up on unresolved exceptions in Audit report and sign off the Audit Verification Certificate.
  • Other adhoc task as assigned by the Chief compliance officer.

Job Requirement

  • Banking Principles
  • Interpersonal skill
  • Analytical/problem solving skill
  • MS Suite (word, excel and PowerPoint) Mid-Advanced level
  • Excellent customer service orientation
  • Independent minded
  • Investigative skills
  • Report writing/Fraud Investigation skill
  • Interpretation of Money Laundering (Prohibition) Act 2011 (as amended), Terrorism (Prevention) Act, 2011 (as amended), CBN AML/CFT Regulation 2013 & other International Best Practices documents.

How to Apply

Interested and qualified candidates should:
Click here to apply online


Not specified.
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