Head of Compliance at Paystack

About the Role

• 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.
• 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.

What You’ll be Doing

• 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
• 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

Requirements
What it takes to succeed:

• 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.

While this is not a requirement, it would be a plus if you have:

• Master's Degree in either economics/business/law (preferred)
• Relevant course, done through ICA (International Compliance Association)
• Experience in Nigeria (or Africa)
• ACAMS certification

Benefits

• Competitive salary
• Flexible working environment
• Housing/car assistance
• Full medical coverage
• Pension contributions