Compliance & Internal Control Officer at VendorCredit

Key Responsibilities:

Regulatory Compliance:


Monitor and ensure VendorCredit's adherence to applicable Nigerian and international laws, regulations, and guidelines, including AML/CFT, data protection, consumer protection, and fintech-specific regulations.
Maintain an up-to-date understanding of regulatory changes and advise the Head, Legal & Compliance and relevant business units on implications.
Prepare periodic regulatory compliance reports for management and regulatory submissions as required.


KYC/KYB and Onboarding Oversight:


Support the implementation and enforcement of VendorCredit's KYC/KYB policies and procedures.
Review client and counterparty onboarding documentation to ensure compliance with internal standards and regulatory requirements.
Monitor ongoing due diligence, transaction patterns, and risk indicators to detect suspicious activity.
Collaborate with Operations, Risk, and Legal teams to strengthen controls over onboarding, verification, and periodic refresh of client information.


​​​​​​​ Internal Controls:


Assess and test internal control processes across VendorCredit's operations to ensure efficiency, reliability, and compliance with company policies.
Identify gaps in control frameworks and recommend corrective actions.
Work with business units to implement robust controls, monitoring mechanisms, and preventive measures.


​​​​​​​Risk Management:


Support the Risk and Compliance function in identifying, assessing, and mitigating operational and compliance risks.
Collaborate with the Risk team to ensure alignment of internal control practices with risk appetite and policies.


​​​​​​​​​​​​​​Monitoring and Reporting:


Conduct periodic compliance and internal control audits across business functions.
Investigate compliance breaches, internal control lapses, or irregularities, and report findings to the Head, Legal & Compliance.
Assist in preparing monthly and quarterly compliance, internal control, and KYC/KYB monitoring reports for the CRO and Board Risk & Audit Committees.


​​​​​​​Training and Awareness:


Support the delivery of compliance, KYC/KYB, and control awareness programs for employees.
Provide guidance and coaching to staff on internal policies, regulatory requirements, and control responsibilities.


Qualifications & Experience:


Bachelor's degree in Law, Accounting, Finance, Business Administration, or related field.
Professional certifications such as DCP, ICA, ACAMS, CCEP, or equivalent are an advantage.
Minimum of 3 - 5 years' experience in compliance, internal control, or risk management within financial services, fintech, or related sectors.
Strong knowledge of Nigerian regulatory environment (CBN, SEC, FCCPC, EFCC) and KYC/KYB best practices.
Proven ability to assess internal controls, perform audits, implement compliance programs, and manage onboarding compliance.


Skills & Competencies:


Analytical and detail-oriented, with strong problem-solving skills.
Excellent communication and interpersonal skills.
Ability to work independently and collaboratively with multiple business units.
High ethical standards and integrity.
Proficiency in MS Office and compliance/risk management software.


Key Performance Indicators (KPIs):


Timely completion of compliance, internal control, and KYC/KYB audits.
Number of control gaps identified and successfully remediated.
Accuracy and timeliness of compliance and KYC/KYB reports to management and regulators.
Training sessions delivered and staff compliance/KYC awareness levels.
Reduction in onboarding errors or compliance breaches related to KYC/KYB.