
Ecobank Transnational Incorporated (ETI)
Ecobank Transnational Incorporated (ETI) is a publicly listed banking group established in 1985 through a private sector initiative. Backed by the Federation of West African Chambers of Commerce and Industry and supported by ECOWAS, Ecobank has become a leading pan-African bank holding company.
Location: Victoria Island, Lagos
Job Type: Full-time
Job ID: 903
Application Deadline: 21st April, 2025 – 17:23
Position Overview
Ecobank is seeking a detail-oriented and experienced Cluster Compliance Officer to join our Compliance Department. This role ensures regulatory compliance, manages anti-money laundering (AML/CFT) processes, and supports operational integrity across branches within the cluster.
Key Responsibilities
- Understand and implement Compliance Department procedures across the assigned cluster
- Enforce AML/CFT policies and ensure adherence to CBN regulations and global standards
- Guide front office teams on client onboarding, KYC, and due diligence processes
- Monitor and report compliance issues that may pose reputational risks
- Support regular compliance activities and maintain accurate regulatory displays
- Maintain strong relationships with regulatory bodies and law enforcement agencies
- Track and update records of accounts under PND or regulatory freeze within the cluster
- Log and manage all compliance communications and regulatory visits
- Review daily GL balances and ensure transaction integrity
- Submit timely and accurate compliance reports and returns
- Implement strategies to prevent income leakages and reduce branch costs
- Follow up on audit findings and resolve inspection exceptions
- Conduct daily reviews of teller journals (TJ) and general ledger (GL) for all branches
- Identify and escalate potential compliance risks within the cluster
- Drive KYC updates and documentation for customer accounts
- Review and address flagged transactions, including SWIFT, SIRONAML, and ACL alerts
- Ensure proper documentation and coding of Politically Exposed Persons (PEP) accounts
- Analyze and report suspicious transactions from daily CTRs and FTRs
- Resolve exceptions on SMARTSCREEN and maintain report accuracy
- Lead and participate in AML/CFT knowledge-sharing sessions and training
- Respond to inquiries from regulatory and law enforcement agencies
- Conduct investigations on suspicious transactions and generate reports for the CCO
- Review monthly GL proofs and perform asset verifications
- Oversee security and operational audits of branch environments
- Monitor and address findings from regulatory examiners’ reports
- Perform spot checks, special investigations, and vendor verifications
- Represent the bank in court on fraud-related cases as needed
- Validate Risk Control Self-Assessments (RCSA)
- Organize and lead compliance training activities across the cluster
- Monitor offsite ATMs in line with compliance standards
- Periodically review zero balance accounts and those without BVN or alerts
- Review and validate Bonds, Guarantees, and abnormal expense records
- Submit weekly compliance activity reports to the Area Compliance Officer
- Carry out any other assignments from the central office as required
To apply for this job email your details to micafunmi@gmail.com