Legal and Compliance Officer at VFD Group

VFD Group is an alternative financial service holding company that creates value by working within Nigeria’s informal financial sector to create innovative products and solutions that are accessible to the everyday Nigerian.

We are recruiting to fill the position below:

Job Title: Legal and Compliance Officer

Location: Lagos

Functions & Responsibilities
Compliance:

Prepare a legal and regulatory compliance checklist and check for 100% compliance;
monitoring changes in relevant legislation and the regulatory environment and taking appropriate action;
Liaising with external regulators and advisers, such as lawyers and auditors;
Ensure that none of the policies and procedures of the Company and its related activities is illegal, unethical, or improper;
Respond to alleged violations of rules, regulations, policies and procedures by evaluating or recommending the initiation of investigative procedures;
Identify potential areas of compliance vulnerability develop/implement corrective action plan for resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future.
Manage interactions/ correspondence with regulators and relevant legal agent

Litigation:

Offer dispute resolution advice including matters of recovery claims and actions;
Liaising with external Lawyer representing the Company in any form of dispute;
Handle all default related litigations

Contracts:

Drafting and review of contracts, including but not limited to contracts for provision of goods and services; acquisition of goods and services, partnership contracts, etc;
Ensure legal documentation of transaction executed by the company;
Ensure appropriate execution and monitor implementation of

Legal Advise:

Provide Legal advise on the relevant laws and regulations as it concerns the business of the Company;
Draft Legal Opinions when requested.

Custodianship:

Ensure effective and efficient filing system
Ensure proper custody of sensitive documents
Ensure proper titles and ownership of Group’s assets.

Key Performance Indicators

Ensure zero penalty in regulatory filings, and ensure filings are done on the due date provided there are no operational constraints
Communication of changes in relevant legislation and actions taken to ensure implementation and compliance within 48 hours of such change.
Raise a red flag within an hour of detecting unethical, illegal or improper activities.
Maintain all document/ correspondences in the compliance files.
Ensure response to correspondence within 24 hours
Draft and Review contracts/ agreements within 48 hours of request.
Profer advise within the stipulated timeline.
Ensure document is released within 10 minutes of request.
Ensure documents are not released without appropriate authorization.

Skills / Competence Requirements

Planning and good book keeping skill
Proactive and analytical skills
Good relationship management
Good communication skills.
Integrity and Accuracy
Precision
Knowledge of regulations and policies relevant to the company business
Research and analytical skills
Good relationship Management skills
Drafting skills, practical knowledge of contract, analytical skills accuracy and time management skills
In-depth understanding of company internal operations and structure