Resource Intermediaries Limited is a company registered in Nigeria to engage in outsourcing services. The conceptual definition of the company is "easing business burdens", which is the fundamental reason for our existence. In living this definition, we focus on three key areas; Human Resource Recruitment & Management, Janitorial Services and Business Support Services (Legal and Company Secretarial Services, Information Technology and Finance & Accounting).

POSITION : Head, Compliance

Job Descriptions

• Research, implement, and manages the areas of Aquila’s payments regulations, policies and procedures.
• Conduct periodic internal audits with all departments to ensure that compliance procedures are followed.
• Conduct or direct the internal investigation of compliance issues.
• Develop security controls and processes that align with company policies and regulatory requirements.
• Generate Exception Reports to Management on suspicious transactions.
• Develop and document processes that support compliance objectives.
• Develop and implement robust cost control measures in line with approved budget and policy.
• Evaluate controls and testing processes to identify opportunities to mitigate risk, strengthen controls, and reduce overhead.
• Assess service compliance and operational risks and liaise with risk management unit.
• Disseminate written policies and procedures related to compliance activities and ensure full compliance of approved company’s policies and procedures.
• Ensure reduction on risk of non-compliance (which takes the form of illegal, unethical or improper conduct,) on internal and external (government) regulations that can lead to heavy fines and legal actions.
• Present monthly report to the management team highlighting any areas of potential risk to the company.
• Monitor and ensure compliance with all statutory remittances
• Ensure copies of reports with regulatory agencies are properly filed to demonstrate that the company is following appropriate procedures.
• Ensure that all business units need to stay informed regarding changes to regulatory requirements and expectations by researching regulatory and filing information.
• Prepares quarterly compliance reports by collecting, analyzing, and summarizing information and produces accurate and reliable information for decision making to senior management team.
• Verify that software technology is in place to adequately provide oversight and monitoring in all required areas.
• Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
• Discuss emerging compliance issues with management or employees.
• Collaborate with human resources departments to ensure the implementation of consistent disciplinary action strategies in cases of compliance standard violations.
• Advise internal management or business partners on the implementation or operation of compliance programs.
• Ensures completeness and accuracy {detects errors, irregularities, duplications and misstatements (If any).
• Reviews and signs off monthly statutory remittances (Pension, PAYE, Health premium, Insurance premium).
• Reviews and signs off monthly expenses – Driver’s overtime, driver’s reload, staff trip allowances, cash Advances, IOUs, fuelling and maintenance of operating lease contracts and company pool cars.
• Ensures adherence with each contract’s cost budget.
• Provide assistance to internal or external auditors in compliance reviews.
• Prepare management reports regarding compliance operations and progress.
• Monitor compliance systems to ensure their effectiveness.
• Verify that all firm and regulatory policies and procedures have been documented, implemented, and communicated.
• Direct the development or implementation of compliance-related policies and procedures throughout an organization.
• Developing policies and programs that encourage managers and employees to report suspected fraud and other improprieties without fear of retaliation.

Educational Qualification

• Degree in Accounting coupled with commensurate experience in internal control, business communications, analysis and/or regulatory compliance.
• Professional Qualification - Eg. ICAN,ACCA
• MBA is an advantage.

Experience 

• A minimum of 5 years quality business experience, obtained in a Financial Services environment, with exposure to in regulatory compliance, project management, customer service, branch operations, complaint resolution and problem-solving.
• Demonstrated competency in and passion for compliance activities.
• 2 years or more of compliance, risk, or audit experience with proven ability to proactively collaborate with peers and management of all levels.

Competencies/ Skills:

• Effective oral and written communication skills required to proof-read, review, summarize, and report on complex government rules, regulations, and guidance.
• Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone
• Ability to work effectively and collaboratively within the department and others outside of the credit union.
• Strong problem-solving, credit union operations, and organizational skills with the ability to present information logically.
• Ability to multi-task effectively and meet deadlines with limited supervision.
• Possess the ability to work independently with minimal direction and exhibit initiative.
• Demonstrated ability to think critically and analyze and communicate complex information to all levels of management and staff.
• Proficiency in Microsoft Word, Excel, and PowerPoint as well as Adobe Acrobat Pro.
• Demonstrate high level of commitment and trustworthiness.

Knowledge:

• Sound Knowledge of laws and regulations relevant to the Leasing Industry
• In-depth knowledge of state and federal regulations and exam procedures.
• In-depth knowledge of the entire loan process, from origination through post-closing.
• Strong understanding of the mission, business, and strategies of Aquila.