Fresh Jobs at Unified Payments Services Limited

Job Description

• To oversee and manage the merchant onboarding process, ensuring all merchants meet Unified Payments’ risk managementstandards and regulatory requirements.
• This includes identifying potential risks, conducting due diligence, and ensuring merchants align with compliance, anti- money laundering (AML), and fraud prevention standards

Responsibilities
Merchant Risk Assessment & Due Diligence:

• Conduct comprehensive risk assessments for new merchants to evaluate financial stability, operational risks, and compliance with regulatory requirements.
• Ensure that the merchant onboarding processisin line with AML and Know Your Customer (KYC) regulations.
• Perform background checks and due diligence investigations to assess potential merchant risks.
• Review merchant documentation and contracts to ensure they meet regulatory, legal, and company standards. Compliance and Regulatory Management:
• Ensure that all merchants comply with internal policies, local regulations, and relevant industry standards.
• Work with regulatory authorities and internal stakeholders to ensure the merchant onboarding process adheres to compliance guidelines.

Ongoing Monitoring & Reporting:

• Conduct regular monitoring of onboarded merchants to ensure continuous adherence to compliance requirements and risk management practices.
• Prepare and present risk reports related to merchant onboarding for senior management and key stakeholders.
• Support the audit process by providing necessary documentation and reports for internal and external audits.

Stakeholder Engagement & Communication:

• Collaborate with cross-functional teams to ensure efficient merchant onboarding processes and risk management. 
• Communicate with merchants regarding risk management requirements, ensuring a clear understanding of compliance expectations.
• Serve as a point of contact for merchant inquiries related to the onboarding process and risk management guidelines

Requirements

• Education University Degree in Finance, Risk Management, Business Administration, or related field.
• Professional Memberships (Mandatory):  Certified Risk and Compliance Management Professional (CRCMP) or equivalent is preferred. 
• Certified Anti-money Laundering Specialist (ACAMS) or equivalent certification is an added advantage.

General Experience: 

• A minimum of 2 years of relevant experience in risk management, merchant onboarding, or compliance roles, preferably within financial institutions or the payments industry.
• Strong understanding of AML, KYC regulations, and fraud prevention practices.
• Experience in conducting due diligence and risk assessments during the merchant onboarding process

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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.