Vacancy: Senior Risk & Compliance Officer at Rainoil Limited

Rainoil Limited is a leading downstream oil marketing company; primary products which include (PMS), Diesel (AGO) and Kerosene (DPK). Rainoil Limited was incorporated in November 1994, commencing operations in May 1997. In 1999, Rainoil Limited acquired its first service station.

Senior Risk & Compliance Officer

Job Type: Full Time
Qualification: BA/BSc/HND
Experience: 5 – 10 years
Location: Lagos
Job Field: Finance / Accounting / Audit

Description

Ability to develop & implement the enterprise Risk Management Framework.
Ability to align standard operating procedures/business process with strategic objectives.
Ability to deliver regular analysis reports to management & Board
Ability to monitor the FX & credit position regularly.

Requirements

Minimum of second-class upper bachelor’s degree in accounting, Audit, Economics or related field.
Minimum 5-10 years of experience in Internal Audit/Control or Risk & compliance from Oil & Gas/Banking or Insurance.
The candidate should be ACA/ACCA qualified.

Responsibility

Develop and implement the Enterprise Risk Management (ERM) framework.
Identify, assess, and mitigate operational, financial, credit, market, and compliance risks.
Ensure compliance with local and international regulatory requirements.
Monitor changes in laws, regulations, and industry standards and update policies accordingly.
Liaise with regulatory bodies, auditors, and external stakeholders.
Develop and implement risk management and compliance policies, procedures, and controls.
Conduct regular compliance audits and risk assessments.
Provide regular reports on risk exposure, compliance status, and mitigation plans to senior management and the Board.
Strengthen internal control systems to prevent fraud, misconduct, and regulatory breaches.
Lead and oversee investigations into compliance violations and risk incidents.
Conduct risk and compliance training to promote awareness and adherence.
Foster a risk-aware culture across the organization.