Head of Compliance at Paystack Nigeria

⏲ Feb 4, 2020, 9:21 AM
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Paystack is a technology company solving payments problems for ambitious businesses. Paystack's mission is to help merchants in Africa get paid by anyone, anywhere in the world. Over 9,000 of some of the best businesses in Nigeria use Paystack’s modern payments gateway, including MTN, Taxify, Domino’s Pizza, Smile Communications, Opera, God is Good Motors, Axa Mansard Insurance, and many others.

We are recruiting to fill the position below:

Job Title: Head of Compliance Location: Lagos, Nigeria

About the Role

The ideal candidate will come from “start-up” like environments, be mission-driven, a clear communicator with a solid background in the payments space.
The role is remote-friendly with frequent travel to Lagos, Nigeria, required. You will be reporting directly to the CEO.
You will develop a comprehensive regulatory compliance framework and be responsible for implementing and maintaining processes, systems and controls to ensure Paystack’s compliance across multiple jurisdictions.

What You’ll be Doing

Oversee the gathering of internal information to meet external regulatory reporting obligations
Supervise the fulfillment of all record keeping requirements
Investigate irregularities and non-compliance issues
Act as a point-of-contact for all employees on issues relating to money laundering, terrorist financing and receive reports on non-compliance with laws or company policies
Compile regular reports on risk and compliance performance that can be shared with management or the board of directors so that issues can be rectified
Support our product and market expansion initiatives by overseeing efforts to apply for new licenses where needed
Ensure regular information dissemination and coordinate training across the company on compliance issues
Review marketing materials, presentations and websites to ensure compliance with regulatory requirements
Oversee any internal and external audits or regulatory examinations
Manage third party vendor risk reviews and vendor due diligence
Collaborate with other departments to create a culture of compliance across the company
Develop, implement and maintain a global framework of policies and procedures for managing and mitigating operational and compliance risks, in line with laws and regulations across multiple jurisdictions
Design and implement relevant compliance processes including know your customer (KYC), anti-money laundering (AML), sanctions and combatting the financing of terrorism (CFT)
Perform risk assessments to understand risk level, significance and scope to our operations
Master a deep understanding of the rules and regulations governing each market in which we operate, including monitoring any changes and developments

Requirements What it takes to succeed:

Excellent sense of judgment - able to help steer the company to balance innovation and growth with regulatory compliance
Critical problem-solving skills
Ability to thrive, adapt and embrace change in rapidly-changing regulatory environments
Deep knowledge of global payments compliance regulation - PCI DSS, PSD2, GDPR, card scheme rules etc.
8+ years in a senior regulatory and compliance role
Experience in payments/financial services
Ability to develop deep relationships with regulators (Central Banks or other regulatory bodies) across multiple jurisdictions
Excellent sense of judgment - able to help steer the company to balance innovation and growth with regulatory compliance
Critical problem-solving skills
Ability to thrive, adapt and embrace change in rapidly-changing regulatory environments
Deep knowledge of global payments compliance regulation - PCI DSS, PSD2, GDPR, card scheme rules etc.