PalmPay is an Africa-focused fintech firm, launched in 2019. PalmPay is a mobile payments platform that offers a number of financial services.
We are recruiting to fill the position below:
Job Title: Business Compliance Officer
Location: Opebi, Ikeja, Lagos
Employment Type: Full Time
Job Summary
- We are seeking a diligent and proactive Business Compliance Officer with 2-3 years of experience to join our team.
- The successful candidate will play a key role in ensuring the company operates in full compliance with regulatory requirements and internal policies while supporting business objectives.
- As part of our compliance team, you will be responsible for monitoring activities, conducting risk assessments, and fostering a culture of compliance across the organization.
Key Responsibilities
Regulatory landscape Knowledge:
- Maintain a strong understanding of local and international regulatory frameworks governing the payment services industry.
- Ensure adherence to relevant regulations, including AML/CFT guidelines, data protection laws, and industry standards applicable to payment service providers.
- Monitor changes in the regulatory environment and update internal policies accordingly.
Policy Development and Implementation:
- Assist in drafting, reviewing, and updating compliance policies, procedures, and manuals.
- Ensure effective implementation of compliance programs across departments.
Risk Management:
- Conduct risk assessments on business activities and recommend mitigating measures.
- Support the identification and reporting of compliance-related risks.
Monitoring and Reporting:
- Monitor transactions and business operations for unusual activities, escalating concerns as necessary.
- Prepare and submit compliance reports to management and regulatory authorities as required.
Training and Awareness:
- Conduct training sessions to promote compliance awareness among employees.
- Provide guidance to teams on compliance-related matters.
Collaboration and Support:
- Work closely with business, legal, and technical teams to align compliance goals with business operations.
- Assist in regulatory audits and inspections, ensuring timely resolution of any issues raised.
Incident Management:
- Investigate compliance breaches or incidents and recommend corrective actions.
- Maintain records of incidents and follow up on remedial actions.
Qualifications and Requirements
Educational Background:
- Bachelor’s degree in Law, Business Administration, Finance, or a related field.
- Relevant certifications such as DCP, CAMS, or ICA are an advantage.
Experience:
- 2-3+ years of experience in compliance, regulatory affairs, or risk management, preferably within the banking and payment services or fintech industry.
Skills and Competencies:
- Strong understanding of regulations and payment services compliance requirements.
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills to engage with stakeholders at all levels.
- Attention to detail with the ability to handle confidential information.
- Proficiency in using compliance tools and software for monitoring and reporting.
Other Requirements:
- Demonstrated ability to work independently and as part of a team.
- Knowledge of local and international regulatory frameworks governing payment service providers.
- Commitment to ethical standards and integrity in all actions.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online