Sterling Bank Plc “Your one-customer bank” is a full service national commercial bank in Nigeria. In over 50 years of operations, Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank; and completed a merger with 4 other banks – Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa – as part of the 2006 consolidation of the Nigerian banking industry.

We are recruiting to fill the position below:

Job Title: Sterling Alternative Finance Conduct & Compliance Officer

Location: Lagos
Job Type: Full-time
Specialization(s): Compliance

 Job Summary

• Responsible for compliance to Rules, Regulations, Policies, Guidelines of Sterling Alternative Finance across departments, activities and transactions.

Job Description

• Responsible for the coordination of CBN/NDIC examination
• Ensure shariah compliance on all classes of credit facilities before disbursement by Credit Administration
• Manage disbursed SAF facilities to ensure compliance with shariah post conditions
• Ensure invested funds are recouped and underlying investments are shariah compliant.
• Ensure income Assurance on consummated transactions such as Mudarabah deposits and other NIB transactions and activities
• Ensure that the AltMall facilities are paid down without outstanding PDOs.
• Ascertain propriety of expenses processed and check for abuses such as authorization of transactions above limit, non-compliance with policies
• Review investment for shariah compliance and ACE approval before disbursements

Requirements

• Minimum of First Degree in Accounting or any related field.
• Knowledge of Shariah – Islamic Commercial Jurisprudence
• 1-4 years’ experience in an Accounting related field in a Financial Institution.

Application Closing Date
1st November, 2021.