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RMB Private Bank Recruitment 2022/2023-See how to Apply

Apply for Vacancy at RMB Private Bank Limited 2022 –This is to inform the public that RMB Private Bank is inviting all interested candidate to apply for vacancy in their Bank as a full time staff. The acceptance is ongoing; see how to apply and eligibility below.

About RMB Private Bank Limited

RMB Private Bank is a division of FirstRand Bank Limited, a fully integrated financial services group in South Africa, distinguished by our traditional values and innovative ideas. We have adapted investment banking solutions to suit your personal financial needs and this, together with an entrepreneurial approach, attracts like-minded, discerning clients. One of our key focus areas is Wealth and Legacy Management. Based on an in-depth understanding of your aspirations and needs, we create solid financial plans that help you to enjoy, manage, protect and grow your wealth for future generations.

Our ability to deliver on our objectives is directly attributable to our people, and our search for top talent is a priority. In return, we provide a challenging, fast paced environment with the opportunity for growth and development. RMB Private Bank offers a range of services including Portfolio Management, Trust and Fiduciary Services, Wealth Management and Transactional Banking for the discerning client to leave a legacy.

We are recruiting to fill the position below:

Job Title: Compliance Officer

Location: Lagos
Employment Type: Full-time

About the Job

  • The role holder will support the Compliance team in driving, coordinating, and monitoring initiatives and actions to ensure RMB Nigeria (“the Bank”) operates by all relevant Nigerian and South African banking laws, regulations, internal policies, and frameworks including those relevant to Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT/CPF).

Compliance Frameworks and Policies:

  • Provide support to the team in promoting a good and effective compliance culture within the Bank
  • Responsible for implementation of Financial Crime and Regulatory Risk circulars, regulations, policies, and frameworks
  • Provide support to the team in identifying and embedding new/amended laws, regulations, and internal and Group policies
  • Provide support to the team in managing and coordinating Compliance training programmes for the businesses and functions
  • Provide support to the team on ad hoc Compliance Monitoring and other regulatory activities that may occur from time to time
  • Ensure AML/CFT/CPF regulations, policies and requirements are clearly communicated to the business and functions
  • Provide support with creating awareness on crucial Compliance policies and frameworks to the businesses and functions

Transaction Monitoring:

  • Identify and report ‘red flag’ transactions for further review and action
  • Review transaction alerts and refers suspicious transactions to a designated authority for a decision on reporting
  • Prepare Suspicious Transaction Reports in the required format to the Nigeria Financial Intelligence Unit (NFIU)

Compliance Advisory:

  • Provide timely regulatory advice and recommendations on key issues such as account opening requirements etc. to the businesses and functions
  • Support the team with handling or responding to regulatory enquiries or issues that affect the Bank
  • Provide support to the team in the implementation of country-level programmes and initiatives to enhance the Bank’s AML/CFT/CPF processes where required
  • Provide support to the Compliance team to ensure that the procedures and controls in place are operating effectively to mitigate money laundering risks

Financial Crime:

  • Prepare and submit approved Customer Transaction Reports (CTR), Foreign Transaction Report (FTR) and Suspicious Transaction Reports (STR) timely to the NFIU and other relevant regulatory authorities
  • Prepare and submit all monthly, quarterly, semi-annual and annual financial crime returns to CBN, SEC and NFIU
  • Attend to Law Enforcement Agencies (EFCC and NFIU) clients’ enquiries and respond accordingly
  • Prepare and provide support where required on all other Compliance reports submitted periodically (monthly, quarterly and annually) to the regulatory authorities
  • Provide support in ensuring that the regulatory returns database for the Bank is complete and updated regularly
  • Responsible for Financial Crime Group Internal Audit and Examination

Nigeria Sustainable Banking Principle (NSBP) / Environmental and Social Risk Assessments (ESRA):

  • ESRA Implementation and Control Management – Improving requisite controls and seamless application of the ESRA process for the Bank
  • ESRA Procedures Development and Resolution Process – Formalisation of these controls and their application in line with FirstRand Limited’s ESRA Procedure. Escalating issues and unresolved queries to the RMB International ESRA specialist, FirstRand ESRA team and the Social and Ethics Committees
  • Environmental Risk Reporting – Managing, monitoring and reporting the environmental aspects of the Bank’s sustainability reporting such as ‘Number of Equator Principles deals financed’, Number of ESRA deals reviewed’, Number of ESRA deals financed’
  • Managing, monitoring and reporting RMBN’s Sustainability compliance reporting to the CBN
  • Representing the Bank in all NSBP forums organised by the CBN and other local forums
  • Environmental and Social Risk Assessments – Performing Environment and Social Risk Assessments on financing deals and managing external consultants when third-party project reviews are required about Equator Principle transactions

Qualifications and Experience

  • University First Degree in Arts and Social Sciences or a related discipline
  • Professional Qualification will be an added advantage
  • Compliance Certification (s) – ACAMS, ICA or CFE will be an added advantage.
  • Strong academic record
  • Minimum of six (6) years of experience in a similar role

Technical Skills:

  • Proficient in MS Office
  • Strong numerical skills
  • Knowledge of CBN banking regulations (including foreign exchange regulations), SEC regulations, NSE regulations and any other regulations pertaining to Banks and the Financial services industry
  • Knowledge of Banking operations and an understanding of the merchant banking business.
  • Knowledge of global and local KYC / AML regulations and associated requirements


  • Attention to detail with strong problem-solving skills
  • Ability to take initiative and improve existing processes where required
  • A high level of pragmatism tempered with the strength to stand firm where necessary
  • Ability to deal with criticism

Human Relations Profile:

  • Good character with high ethical standards and integrity
  • Strong interpersonal skills and team-oriented
  • Well-organised, good time management skills and disciplined
  • Self-starter able to work with minimal supervision
  • Ability to work under pressure and extended hours if needed
  • A high degree of self-confidence with a pleasant personality
  • Good communication and writing skills


How to Apply

Interested and qualified candidates should:
Click here to apply


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