1. Compliance Advisory
- Anticipate
and address complex regulatory issues, identify emerging risks, and propose
effective solutions.
- Communicate
complex compliance issues clearly and persuasively and engage stakeholders in
risk-based decision making.
- Champion
a culture of continuous learning and improvement, fostering innovation and
creativity, and promoting knowledge sharing across the organization.
2. Regulatory Compliance
- Understand
regulatory requirements applicable to the bank's operations.
- Demonstrate
ability to comply with legal requirements and company policies and procedures.
- Possess
the ability to identify and report potential compliance issues and risks.
- Participate
in training and development programs related to legal compliance.
3. Risk Management Compliance
- Exhibit
in-depth knowledge of the complex regulatory environment related to risk
management and compliance in the banking industry.
- Evaluate
the level of compliance with regulations related to risk management and
compliance.
- Analyze
risk management compliance issues.
4. Compliance
Tools and Technologies
- Demonstrate
proficiency in the use of compliance tools and technologies effectively.
- Identify and mitigate
advanced compliance risks that arise when using these tools and technologies.
- Understand the
underlying technology of these tools and how to integrate them into the overall
compliance architecture.
- Design and implement
compliance systems and processes that utilize complex technologies.
- Proactively identify
ways to improve compliance tools and technologies.
- Train and mentor
others in the use of compliance tools and technologies.
5. Industry
Best Practices
- Apply industry regulations and
standards to specific situations.
- Identify and reports potential
compliance issues to appropriate stakeholders.
- Analyze and evaluate compliance
risks.
- Participate in compliance training
and development opportunities.
6. Compliance
Reporting
- Independently
review relevant data sources for accuracy and completeness.
- Identify
potential reporting issues and escalate, as necessary.
- Accurately
complete complex reports using established processes and templates.
- Demonstrate
significant knowledge of relevant software and data systems used for reporting.
7. Stakeholder Engagement (Regulators)
- Independently review relevant data sources for
accuracy and completeness.
- Identify potential issues on responses to
request and escalate where necessary.
- Accurately complete reports/observations
analysis using established processes and templates.
Key Performance Indicators:
1. Compliance Advisory
- Successfully
address at least two (2) complex regulatory issues per quarter and propose
effective solutions.
- Achieve
positive feedback from stakeholders indicating clear and persuasive
communication and active engagement in risk-based decision-making in at least
90% of interactions.
- Achieve
a participation rate of at least 80% in continuous learning initiatives,
contributions in at least two innovative and creative projects per year, and
active engagement in knowledge-sharing activities.
2. Regulatory Compliance
- Achieve a proficiency level of 95% or higher
in understanding regulatory requirements applicable to the bank's operations.
- Achieve a compliance rate of 98% or higher in
complying with legal requirements and company policies and procedures.
- Identify and report at least X (number of)
potential compliance issues and risks within the quarter.
- Successfully complete all required training
and development programs related to legal compliance within the designated
timeframe.
3. Risk Management Compliance
- Achieve
a proficiency level of 85% or higher in understanding the complex regulatory
environment related to risk management and compliance.
- Maintain
a compliance rate of 95% or higher in adhering to risk management and
compliance regulations.
- Analyze
and resolve at least three risk management compliance issues per quarter.
4. Compliance Tools and Technologies
- Achieve a proficiency
level of 85% or higher in the effective use of compliance tools and
technologies.
- Identify and mitigate
at least two advanced compliance risks per quarter related to the use of these
tools and technologies.
- Achieve a proficiency
level of 90% or higher in understanding the underlying technology and
integration of these tools into the overall compliance architecture.
- Successfully design
and implement at least two compliance systems and processes per year utilizing
complex technologies.
- Provide at least four
suggestions or improvements for compliance tools and technologies per year.
5. Industry Best Practices
- Achieve
a minimum accuracy rate of 95% in applying regulations and standards.
- Report
all identified compliance issues promptly and with 100% accuracy.
- 100%
timeliness in completing all assigned compliance risk assessments.
- Successfully
complete a minimum of 90% of assigned training and development programs, as per
the bank's training schedule.
- Achieve
an average rating of 4 out of 5 or higher on the quality of investigation
reports.
6. Compliance Reporting
- Achieve
an accuracy and completeness rate of 95% or higher for independently reviewed
data sources.
- Identify
and escalate all potential reporting issues within 24 hours of discovery.
- Achieve
an accuracy rate of 98% or higher for complex reports completed.
- Achieve
a proficiency level of 90% or higher in using relevant software and data
systems for reporting.
7. Stakeholder
Engagement (Regulators)
- Achieve
an accuracy and completeness rate of 95% or higher for independently reviewed
data sources.
- Identify
and escalate all potential issues in response to requests within 24 hours of
discovery.
- Achieve
an accuracy rate of 98% or higher for reports/observations analysis completed.
Requirements
- Bachelor’s Degree in Banking &
Finance, Business Administration, Law or any related field.
- 8-10 years cognate experience
- Additional academic qualification is
an advantage.
- Relevant
Professional certification (CIBN, DCP, ACAMs, ACA, ACCA, ICAN etc) is an
advantage
Skills Required
- Bachelor's Degree in Banking & Finance, Business Administration, Law or related field
- 8-10 years cognate experience
- Proficiency with compliance tools, reporting software and data systems
- In-depth knowledge of banking regulatory and risk management compliance
- Strong stakeholder engagement and communication skills (including regulator interaction)
- Additional academic qualification
- Relevant professional certification (CIBN, DCP, ACAMs, ACA, ACCA, ICAN etc.)
What We Do
Polaris Bank is a forward-thinking financial institution committed to delivering customer-first banking experiences across Nigeria, offering tailored solutions for individuals, SMEs, corporates, and government institutions.







