Scheme Regulatory Compliance Officer at Unified Payment Services Limited

Job Objective

• To ensure that the company’s activities within the scheme(s) it operates in are fully compliant with relevant laws, regulations, and industry standards. This includes overseeing the adherence to regulatory frameworks, addressing compliance risks, and working with regulators to ensure the integrity of the scheme operations.

Duties and Responsibilities

• Monitor and ensure compliance with regulatory requirements specific to the schemes the company operates under.
• Maintain up-to-date knowledge of all regulations and industry standards that affect the operation of the schemes.
• Develop, implement, and review compliance frameworks to ensure they align with regulatory requirements for scheme operations.Identify, assess, and manage compliance risks related to scheme operations and implement strategies to mitigate these risks.
• Develop and conduct risk assessments to identify potential areas of non compliance and devise strategies to manage these risks.
• Serve as the primary point of contact for regulatory authorities, ensuring clear and timely communication regarding scheme compliance matters.
• Collaborate with the Enterprise Risk Management team to ensure that compliance risks are incorporated into the overall company’s risk management framework.
• Ensure that appropriate internal controls are implemented to reduce the risk of non-compliance with regulatory requirements.

Requirements

• University Degree in Law, Finance, Risk Management, Business Administration, or a related field.
• Must have 4-7years of experience in regulatory compliance, risk management, or audit, preferably within the financial services, payments industry, or a related field.
• Strong understanding of regulatory frameworks and industry standards for schemes and payments systems.
• Experience in working with regulatory authorities and managing regulatory reporting requirements.

Professional Memberships (Mandatory):

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