Youth Foundation for Development, Education & Leadership also known as YouthhubAfrica is a non-profit organization founded in 2011. Youthhubafrica is a platform for young people in Africa involved in social change to interact, learn, and collaborate in new, creative, and easy ways. Youthhubafrica’s mission is to equip young people with skills and an enabling environment to take center stage for Africa’s development.
JOB DESCRIPTION
Job Title: Compliance Officer
Reports to: Executive Director
Location: Abuja
Department: Accounts
Main Function
The Compliance Officer will carefully review the organization’s balance sheets, income statements, and other financial documents. This role is responsible for meticulously screening for discrepancies and ensuring compliance with applicable federal and state regulatory requirements The goal is to find and prevent oversights, errors, and fraud that could impact the integrity of the organization’s finances as well as support the operations team with donor requirements and project implementation.
Role Responsibilities
Regulatory Compliance:
- Develop and implement risk management strategies and compliance audit plans, procedures, documentation, databases, and tracking systems
- Create and maintain a comprehensive compliance program, including policies and procedures, to address legal, ethical, and donor requirements.
- Conduct internal audits, self-assessments, and thorough reviews of financial statements and records to ensure compliance with regulations and identify potential risks and irregularities.
- Monitoring for potential compliance risks in areas like accounting practices and financial reporting.
- Review financial statements and transactions for accuracy and compliance with accounting standards.
- Ensure the Organization adheres to federal and state laws and regulations and submits accurate and timely regulatory filings and reports
- Ensure compliance with anti-money laundering regulations
- Collaborate with legal and regulatory teams; liaise with external regulatory bodies and auditors
- Oversee the preparation of accurate and timely financial reports, including monthly, quarterly, and annual statements.
- Ensure compliance with accounting standards, tax regulations, and corporate governance requirements.
Internal Controls:
- Implementing and maintaining robust internal controls to mitigate financial risks and ensure data integrity.
- Implementing and monitoring internal controls to ensure compliance with financial regulations, donor guidelines, and project implementation procedures.
- Assessing the effectiveness of existing controls and recommending improvements where necessary.
- Conducting regular control testing and reporting on control deficiencies.
Audit Oversight:
- Collaborate with the finance manager and external auditors during financial audits, providing necessary documentation, and addressing audit findings.
- Preparing detailed reports of findings and recommending corrective actions
Reporting and Analysis:
- Analyzing financial data to identify trends and potential compliance issues.
- Generating compliance reports for senior management and the board of directors.
- Tracking and reporting on key compliance metrics.
- Monitor ongoing compliance; follow up on previous findings to make sure they’ve been addressed
- Evaluate the effectiveness of internal controls. Recommend improvements, as needed
- Raise awareness about emerging compliance risks and best practices.
Investigations and Remediation:
- Investigate complaints and potential violations of financial regulations
- Implement and oversee whistleblower policies and procedures
- Conduct special investigations into potential financial misconduct or regulatory breaches
- Implement corrective actions to address identified issues and prevent future occurrences.
- Stay current with financial regulations and other regulatory laws and policies
- Engage in professional development opportunities
- Provide guidance and support to junior officers and other staff
- Assist in the preparation for regulatory examinations and audits
ELIGIBILITY
- Bachelor’s degree in Accounting,Project Management, Economics, or a related field.
- Professional certifications such as ACCA, ACA are an added advantage
- Minimum of 4 years of financial management experience.
- Previous experience in a compliance or auditing role is an added advantage
WORTH
- Competitive Salary
- Health Insurance
- Pensions Contribution
- Group Life Insurance
- Free lunch
- Personal Development Opportunity
- NSITF Compliance
NOTE: YHA is an equal opportunity and inclusive employer. As a result, we do not discriminate based on age, gender, or disabilities
DEADLINE: February 13, 2025
Interested and qualified candidates should forward their CVs and cover letters to apply@youthhubafrica.org on or before the 13th of February 2025 using COMPLIANCE OFFICER as the subject of the mail.
