Scheme Regulatory Compliance Officer at Unified Payment Services Limited

Job Objectives

• To ensure the company’s activities within its operational schemes comply fully with relevant laws, regulations, and industry standards. This includes overseeing adherence to regulatory frameworks, addressing compliance risks, and working with regulators to maintain the integrity of scheme operations.

Duities and Responsibilities
Regulatory Compliance Management:

• Monitor and ensure compliance with regulatory requirements specific to the company’s schemes.
• Maintain up-to-date knowledge of all regulations and industry standards affecting scheme operations.
• Develop, implement, and review compliance frameworks to align with regulatory requirements.
• Prepare and submit regulatory reports, ensuring timely filings with relevant authorities.
• Conduct gap analyses to assess compliance with scheme regulations, identify deficiencies, and recommend improvements.
• Liaise with regulators to stay informed about policy changes and adjust the company’s compliance strategy accordingly.

Risk Management and Control:

• Identify, assess, and manage compliance risks related to scheme operations, implementing strategies to mitigate them.
• Conduct risk assessments to detect potential areas of non-compliance and develop management strategies.
• Collaborate with the Enterprise Risk Management team to integrate compliance risks into the overall company risk framework.
• Ensure the implementation of effective internal controls to minimize regulatory non-compliance risks.

Internal Audit and Reporting:

• Work with the internal audit team to conduct regular compliance audits on scheme operations and report findings to senior management.
• Maintain and monitor compliance documentation, ensuring records are accurate and up to date.
• Provide detailed reports to senior management on compliance status and regulatory issues impacting scheme operations.

Requirements
Education:

• University degree in Law, Finance, Risk Management, Business Administration, or a related field.

Experience:

• 2–4 years’ experience in regulatory compliance, risk management, or audit, preferably within financial services, payments, or related industries.
• Strong understanding of regulatory frameworks and industry standards governing schemes and payment systems.
• Experience working with regulatory authorities and managing reporting requirements.

Professional Memberships (Mandatory):

• Membership in relevant professional bodies such as the Association of Certified Compliance Professionals (ACCP), International Compliance Association (ICA), or other recognized certifications.