Cluster Compliance Officer At 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