Compliance Analyst at Pagatech Limited

ABOUT THE ROLE

• As a Risk Analyst at Paga, you will be responsible for ensuring that all corporate processes and procedures comply with the law. He/she will be responsible for developing, reviewing, and updating compliance policies and procedures in line with ever-evolving regulations and industry best practices. He/she will also be responsible for administering the code of ethics to ensure it guides every employee's conduct. He/she is expected to leverage opportunities that support our growth.
• Finally, you will work closely with our Risk team. The Analyst is also charged with ensuring that company operations comply with internal standards and guidelines too.

PRIMARY RESPONSIBILITIES

• Collaborates with the legal team to interpret laws and regulations affecting the company, providing guidance on legal matters and assisting in developing legal and operational strategies.
• Identifies potential areas of weakness (inadequate/ineffective controls, areas of non-compliance) within service offerings and operations.
• Oversees all regulatory reporting and filing requirements in compliance with AML/CFT/CPF, Data Protection laws, and general regulations.
• Escalates regulatory risks, policy breaches, or discrepancies to the appropriate authority.
• Confirms suspicious transaction reports, screening, and KYC are fully investigated in line with regulatory requirements and reported where applicable.
• Manages and executes the Compliance Testing and Monitoring Program, including compliance testing across products and services.
• Provides Quality Assurance/Control regarding the compliance of the Onboarding unit’s activities (Customer, Agent, Business, and Doroki account verifications) to prevailing regulations and internal policies, moving the unit’s practice to a more compliance-based approach.
• Engages with the business and external parties (when required) on the strategy for adherence to laws, regulations, and guidance for new products, programs, or enhancement of existing products.
• Assists the Chief Compliance Officer in maintaining up-to-date internal control, KYC, and AML policies in compliance with all applicable regulations.
• Assists the Chief Compliance Officer to maintain an up-to-date Compliance Obligations Register.
• Proactively monitors and reviews systems and products for compliance.
• Assists in preparing reports to the leadership team, Risk and Audit Committee, Executive Management Team, and the board.

KEY COMPETENCIES

• Initiative
• Self- driven and hardworking
• Organized
• Multitask and manage competing priorities
• Creative and resourceful
• Good team player
• Flexibility
• Legal and Moral Integrity

KNOWLEDGE AND SKILL REQUIREMENTS

• Bachelor’s degree with a minimum of a 2:1 in an analytical field such as engineering, finance, computer science, mathematics, economics, etc
• Must have completed the mandatory NYSC.
• At least 3 years relevant work experience.
• Knowledgeable in technology.
• Knowledge & application of banking & or payments operations, operational risks, processes & controls.
• Knowledge of risk management and auditing.
• Ability to pay keen attention to details.