Job Openings at StackFX

Functions and Responsibilities
Compliance:

• Prepare a legal and regulatory compliance checklist and check for 100% compliance;
• monitoring changes in relevant legislation and the regulatory environment and taking appropriate action;
• Liaising with external regulators and advisers, such as lawyers and auditors;
• Ensure that none of the policies and procedures of the Company and its related activities is illegal, unethical, or improper;
• Respond to alleged violations of rules, regulations, policies and procedures by evaluating or recommending the initiation of investigative procedures;
• Identify potential areas of compliance vulnerability develop/implement a corrective action plan for resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future.
• Manage interactions/ correspondence with regulators and relevant legal agents.

Litigation:

• Offer dispute resolution advice including matters of recovery claims and actions;
• Liaising with external Lawyer representing the Company in any form of dispute;
• Handle all default-related litigations.

Legal Advice:

• Provide Legal advice on the relevant laws and regulations as it concerns the business of the Company;
• Draft Legal Opinions when requested

Custodianship:

• Ensure effective and efficient filing system
• Ensure proper custody of sensitive documents
• Ensure proper titles and ownership of the Group’s assets

Key Performance Indicators:

• Ensure zero penalties in regulatory filings, and ensure filings are done on the due date provided there are no operational constraints
• Communication of changes in relevant legislation and actions taken to ensure implementation and compliance within 48 hours of such change.
• Raise a red flag within an hour of detecting unethical, illegal or improper activities.
• Maintain all document/ correspondences in the compliance files.
• Ensure response to correspondence within 24 hours

Qualifications

• Minimum of a first degree in Law, must have be called to the Nigerian bar.
• Professional Membership
• Must be a member of the Nigerian Bar Association (NBA)
• A recognized professional certification in Financial/Payment Processing De-Risking, AML & Fraud Analytics will be an added advantage.

Skills / Competence Requirements:

• Planning and good bookkeeping skill
• Proactive and analytical skills
• Good communication skills.
• Integrity and Accuracy
• Precision
• Knowledge of regulations and policies relevant to the company business
• Research and analytical skills
• Good relationship management skills
• Drafting skills, practical knowledge of contract, analytical skills accuracy and time management skills
• In-depth understanding of company internal operations and structure

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Details

• The candidate is responsible for daily reconciliation of transactions processed on our payment gateway, managing merchant receivables and validation of bank statements and balances.
• Other  responsibilities  include  monthly  accounting  entries  for P&L, balance sheet and cash flows
• Candidate should be well versed in reading and understanding financial statements.
• He or she is responsible for implementing and maintaining a system of internal controls that will ensure that company assets are adequately safeguarded and that all financial reporting is prepared in alignment with all financial policies and compliance requirements.
• In addition, general administration relating to office expenses and invoices will be required.

Duties and Responsibilities

• Oversee cash management/reconciliation,  financial reporting and balance sheet management.
• Accountable for ensuring that policies and procedures  (internal controls) are in place to provide reasonable assurance that the company assets are protected.
• Ensure that company financial records, under responsibility,  are maintained in compliance with company policies. 
• Responsible for reviewing monthly/quarterly account reconciliations and other documents to ensure this compliance.
• Establish accounting operational strategies by working with the platform development team,  identifying requirement gaps,  automating processes, and implementing change.
• Coordinate work relating to both internal and external audits in the periodic review of the company financial records. Is further responsible for the implementation of agreed-upon recommendations, related to areas of responsibility, resulting from the audit findings.

Prior Experience & Skills

• Accounting/controller experience within a multinational business.
• Ability to work collaboratively across departmental functions
• Experience in banking. payment processing, or credit card industry
• Strong knowledge of internal controls and financial reporting
• Excellent communication and leadership skills
• Proficient in MS Excel
• Experience with SAP, Airbase, Sage One entry system a plus
• Good command of written and spoken English.