Compliance & Risk Officer

AI summary

Sewa Assets Management Limited is hiring a Compliance & Risk Officer in Lagos to ensure Ellington Microfinance Bank operates in full compliance with CBN, NDIC, and other regulatory requirements. The role involves monitoring operational, credit, and reputational risks, preparing regulatory returns, conducting KYC/CDD reviews, and supporting the Bank's compliance and risk management frameworks.

• Ensures full compliance with CBN, NDIC, and NFIU regulatory requirements
• Handles regulatory returns, STRs/CTRs, and liaison with external regulators
• Conducts KYC/CDD reviews and AML/CFT compliance checks
• Requires 3–5 years post-qualification experience in compliance or risk management
• Bachelor's degree in Accounting, Finance, Economics, Law, or Banking required
• Professional certification such as ACAMS, CRM, ICAN, or ACIB is an advantage

Original source description

Compliance & Risk Officer at Sewa Assets Management Limited ⏲ Aug 10, 2026, 5:15 AM ⋕ View all Banking & Financial Services jobs Sewa Assets Management Limited is an assets management and finance consultancy firm positioned to meet the ever-changing demands and requirements: of our clients in the 21st century. Since inception, we have strategically positioned ourselves to take advantage of growth prospects in the Nigerian and African markets on behalf of our clients. Over the last few years, Sewa Assets has established a strong reputation for market expertise in asset management, investment advisory, business intelligence, consultancy, and financial support services. We are recruiting to fill the position below: Job Title: Compliance & Risk Officer Location: Lagos Job Summary The Compliance and Risk Officer is responsible for ensuring that Ellington Microfinance Bank operates in full compliance with the Central Bank of Nigeria (CBN) regulatory framework, NDIC requirements, and all other applicable laws, regulations, and internal policies governing microfinance banking operations. The role also supports the identification, assessment, monitoring, and mitigation of operational, credit, and reputational risks across the Bank, safeguarding the institution against regulatory sanctions, financial loss, and reputational damage. Key Responsibilities: Perform other compliance and risk-related duties as may be assigned by Management from time to time. Prepare and render timely regulatory returns and reports to the CBN, NDIC, NFIU, and other relevant regulatory bodies. Develop and deliver staff training on compliance, AML/CFT, and risk management policies and procedures. Liaise with external regulators and examiners during routine and special examinations, and coordinate the Bank's response to regulatory findings. Investigate suspicious transactions and file Suspicious Transaction Reports (STRs) / Currency Transaction Reports (CTRs) with the Nigerian Financial Intelligence Unit (NFIU) as required. Develop, implement, and periodically review the Bank's compliance policies, procedures, and controls in line with regulatory changes and industry best practice. Maintain the Bank's compliance and risk registers, and provide regular reports to Management and the Board Risk/Audit Committee on the Bank's risk profile and compliance status. Monitor and ensure the Bank's compliance with CBN guidelines, NDIC regulations, and other statutory and regulatory requirements: applicable to microfinance banks in Nigeria. Conduct periodic compliance and risk-based audits/reviews of branch and Head Office operations, and follow up on the closure of identified gaps. Support the development and periodic testing of the Bank's Business Continuity and Fraud Risk Management frameworks. Identify, assess, and monitor operational, credit, liquidity, and reputational risks across the Bank's business units, and recommend appropriate mitigation measures. Conduct Know Your Customer (KYC) and Customer Due Diligence (CDD) reviews to ensure adherence to Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements. Requirements: Qualifications & Experience: Professional certification such as ACAMS, Certified Risk Manager (CRM), ICAN, ACIB, or an equivalent compliance/risk qualification is an advantage. Sound working knowledge of the CBN Regulatory and Supervisory Guidelines for Microfinance Banks, NDIC regulations, and the Money Laundering (Prevention and Prohibition) Act. Three (3) to five (5) years of post-qualification experience: in compliance, risk management, internal audit, or a related function within a microfinance bank, commercial bank, or other financial institution. Bachelor's Degree in Accounting, Finance, Economics, Law, Banking, or a related field. A relevant Master's Degree is an advantage. Skills & Competencies: Proficiency in Microsoft Office Suite and core banking / compliance monitoring applications. High level of integrity, discretion, and professional ethics. Strong knowledge of AML / CFT regulations and KYC/CDD procedures. Strong interpersonal skills, with the ability to engage confidently with regulators, Management, and staff at all levels. Sound understanding of microfinance banking operations and the Nigerian regulatory environment. Excellent analytical and risk-assessment skills, with attention to detail. Strong report writing and regulatory communication skills. Key Working Relationships: Internal: Managing Director, Heads of Departments, Internal Audit, Branch Operations, Human Resources. External: Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), Nigerian Financial Intelligence Unit (NFIU), external auditors and examiners. How to Apply Interested and qualified candidates should send their Application and CV to: [email protected] using the Job Title as the subject of the email. Application Deadline: 14th August, 2026. View all Jobs in Nigeria Lagos State