Senior Manager, Compliance & Risk

Pay4Me App

Unspecified

New

Yesterday

About Pay4Me


Pay4Me’s mission is to ensure that no international student from Africa and other developing economies struggles to complete cross-border tuition and school fee payments. We are committed to empowering students and their families by removing barriers to foreign education and relocation through reliable and efficient payment solutions.


In just over four years, our growing team has introduced a steady cadence of innovation within the cross-border tuition, school fees, and migration-related payments landscape, such as same-day cross-border tuition payments, the ability for customers to pay foreign tuition and fees directly from their local banks in local currencies, instant SEVIS, WES, and application fee payments, and much more. We are doubling down on our mission to help build out Africa’s educational and school fee payment infrastructure.


About the Role


We are looking for a detail-oriented, forward-thinking and innovative Senior Manager, Compliance & Risk to build and manage our regulatory and in-house compliance and risk program, including AML/KYC/CFT, ABC, and FC compliance programs and operations, primarily aiming to mitigate regulatory and compliance risk.


You will be Pay4Me's first in-house Compliance and Risk pro and as such, you will be responsible for creating and managing Pay4Me's compliance and risk functions and creating strategies and policies to ensure compliance with regulations across the different jurisdictions of operations and approved policies while ensuring we operate legally and ethically to meet our business objectives.


Key Responsibilities

• Develop and implement effective regulatory and risk compliance programs.
• Proactively audit processes, practices, and documents to identify weaknesses, revise procedures, reports, etc., and periodically identify hidden compliance risks or non-conformity issues.
• Evaluate business activities to assess compliance risk and recommend changes to ensure compliance with relevant regulations and internal rules.
• Develop, oversee, and understand control systems to prevent or deal with violations of regulatory regimes in multiple African jurisdictions.
• Create sound internal controls and processes and monitor adherence to them.
• Master a deep understanding of the rules and regulations governing each market we operate, including monitoring any changes and developments.
• Design and implement relevant compliance processes, including know your customer (KYC), anti-money laundering (AML), sanctions, and combatting the financing of terrorism (CFT) across multiple jurisdictions.
• Design, execute, and manage enterprise-wide and product-specific AML/CTF policy, procedures, risk assessments, and country risk ratings across jurisdictions of operation.
• Develop a practical and fully functional compliance operations team, including but not limited to KYC operations, quality assurance, STR monitoring, and reporting.
• Oversee the gathering of internal information to meet external regulatory reporting obligations.
• Investigate irregularities and non-compliance issues.
• Act as a point of contact for all employees on issues relating to money laundering and terrorist financing and receive reports on non-compliance with laws or company policies.
• Serve as the compliance officer in Nigeria and a key stakeholder of the Risk & Compliance team in preventing money laundering and terrorist financing.
• Work closely with other compliance officers or serve as a compliance officer in relevant jurisdictions.
• Oversee the development and management of the AML/CFT/financial crimes compliance function.
• Thoroughly embed the compliance culture across Pay4Me, including regular training on compliance matters such as AML/CFT, Sanctions, ABC, and rendering training reports to the relevant regulatory authorities and the board.
• Monitor AML/CFT and fraud trends, intelligence, typologies, and regulatory developments; and make recommendations to innovate, implement, or improve transaction controls and/or monitoring programs accordingly.
• Collaborate with key stakeholders in the Legal, Regulatory, Risk, and Compliance teams as required with Pay4Me's growth to articulate concerns around compliance and AML/CTF issues and processes.
• Centralize interaction and communication with country Financial Intelligence Units.
• Design and manage the Global Anti-Money Laundering Questionnaires and Supplement Guides.
• Design and oversee the Global Financial Crime operations.
• Review all CDD (Customer Due Diligence) reports or escalations provided by the KYC operations or quality assurance, check for completeness, and probe for further information or follow-up action as required.
• Coordinate the collection of management information and statistics.
• Responsible for the coordination of compliance reports across different jurisdictions.
• Support the Head of Risk & Compliance in reporting to relevant board risk committees and preparing monthly, quarterly, and annual reports to Pay4Me’s Senior Management and regulatory bodies, where applicable.
• Ability to work collaboratively with cross-functional teams and stakeholders and willingness to travel as needed (10-25%).
• Available to travel frequently to countries where Pay4Me is active.

Qualifications:

• 7+ years in a senior compliance and risk role in a pan-African financial institution.
• Experience in payments/financial services.
• Excellent sense of judgment – able to help steer the company to balance innovation and growth with regulatory compliance.
• Critical problem-solving skills.
• Ability to thrive, adapt, and embrace change in rapidly changing regulatory environments.
• In-depth knowledge of regulatory requirements and guidelines in Nigeria and Africa with a penchant for Global compliance.
• In-depth knowledge of regulatory requirements and controls in Anti-Money Laundering and Combating the Financing of Terrorism & Proliferation Financing (AML, CFT, CPF), Anti-Bribery and Corruption (ABC), etc.
• Familiarity with AML/CFT monitoring systems and related investigation processes and ability to recommend technology solutions that would facilitate seamless process implementation.
• Minimum education: Bachelor's degree in Engineering, Technology, Economics, Finance, Business or similar;

Added Advantage

• Master’s Degree in either economics/business/law.
• Relevant course, done through ICA (International Compliance Association).
• Pan African/Global Experience.
• ACAMS certification.

Benefits

• Competitive Salary.
• Official Laptop
• Health Insurance.
• Hybrid Working.
• All-expense Paid Team offsites.
• Paid Annual Leave.
• Professional Development Budget
• Remote Work Budget.
• Monthly Internet Reimbursement
• Paid birthday day off.
• Team-building events.
• Paid parental leave.
• Gym Reimbursement.
• Mental Health Resources.

Application Instructions
Send your resume and cover letter to bukola@pay4me.app with the job title as the subject.


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