Job Description
Job Summary
• Responsible, in my capacity as Principal: Compliance, Financial Crime & Conduct Risk (CFCR) Advisory, WRB supporting the Head, CFCR Advisory, WRB Nigeria, in managing and leading the Wealth & Retail banking (WRB) CFCR Advisory team in Nigeria, aligning this to the vision and strategy of the function, the Enterprise Risk
Management Framework (ERMF), and delegation of authority documents where relevant.
• Responsible for the implementation of Compliance, Conduct and Financial crime compliance (FCC) policies and procedures for WRB processes to the extent
that the processes have been identified as owned by the CFCR function, in line with the Group’s process universe as set out in the
Group Operational Risk Framework, including activities within the processes owned by the CFCR function which are hubbed or outsourced.
• Insofar as they relate to WRB Products, Channels and Segments, conduct, financial crime and compliance, I am responsible for
providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Board from time to time) may occur and notifying any such breaches to:
• Head, CFCR Advisory, WRB, Nigeria
• Country Head, CFCR, Nigeria
• Head, WRB Nigeria
Key Responsibilities
• To help the Group meet its commitment of being "Here for Good" by building a sustainable framework that places CFCR best practice standards, at the forefront of the Group's agenda.
• As an independent second line risk control function, to execute the relevant aspects of the Compliance, Conduct and FCC PRTFs
through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of Nigeria’s RB & WM Business.
• For the evaluation and assessment of the effectiveness of Nigeria’s Conduct, Financial Crime and Compliance commitments and requirements relative to the specific business coverage.
• To proactively support and challenge the Nigeria RB & WM businesses and supporting functions to exhibit appropriate conduct,
comply with regulatory and compliance requirements and strive to achieve fair outcome for the Nigeria’s RB & WM CFCR clients.
• For maintaining independence, delivering timely responses, and timely escalation of risks and issues where the management tolerance of the firm is exceeded.
• For maintaining constructive and effective stakeholder relationships with the relevant business and supporting functions, and to
assist the Head, CFCR Advisory, WRB Nigeria and the Head, FCC, Nigeria to interface with and support all key stakeholders.
• For supporting the management of regulatory relationships with all relevant Nigerian regulators and such other regulators whose rules the Group is subject to.
• Drive high standards of regulatory compliance and deliver key priorities and initiatives, aligned to the RB & WM CFCC Advisory performance scorecard
Strategy
• Assist the Head, CFCC Advisory, WRB Nigeria to set and implement the vision, strategy, direction and leadership for RB & WM, CFCC
Advisory teams, as set by group and consistent with the Head, CFCC, Nigeria’s vision and strategy for the CFCR function and in support of the Bank’s strategic direction and growth aspirations
• Support the Head, CFCR Advisory, WRB Nigeria to promote the culture and practice of compliance with CFCR standards (including
conducting business within regulatory and internal policies’ requirements, and to high ethical standards) within the Bank and embed a Here for good culture and the Group Code of Conduct.
• Assist the Head, CFCR Advisory, WRB Nigeria to establish close links with colleagues leading other Client segments and/or Product
Groups to achieve common platforms and work plans, implementing a One Bank approach to covering all Clients.
• Input, support and challenge Group/Region/Country/Client Business operating model design of the relevant CFCR and business processes.
• Provide timely regulatory advice and recommendations on key issues for the branch.
• Ensure AML regulations, policies and requirements are clearly communicated to branch staff.
• Provide support to the branch in complying with the new and changing regulations, as well as Group policies and standards.
Business
• Assist the Head, CFCC Advisory, WRB, Nigeria to develop a comprehensive understanding of Nigeria’s WRB business model and
strategy in order to provide substantive oversight support and challenge with the intention of enabling appropriate and sustainable CFCR outcomes.
• Support to build an
