Responsibilities:
Risk Management
Develop and implement a comprehensive risk management framework for the business lines.
Conduct risk assessments to identify and evaluate risks associated with payment operations, systems, and processes.
Design risk mitigation strategies and action plans to minimize potential risks.
Maintaining a risk register.
Monitor risk indicators, analyze trends, and proactively address emerging risks.
Collaborate with relevant departments to ensure risk controls and mitigation measures are in place.
Prepare and present risk reports to Business Leads, Senior Management, and stakeholders.
Compliance Management
Develop merchant risk assessment criteria and conduct due diligence reviews for all merchants in the payments business.
Evaluate and monitor risks associated with merchants and service providers.
Establish and maintain a robust compliance program aligned with regulatory requirements, including CBN guidelines for PSSPs.
Monitor changes in the regulatory landscape and ensure ongoing compliance with relevant laws, regulations, and standards.
Develop and implement policies, procedures, and controls to mitigate compliance risks.
Conduct regular compliance audits and assessments to evaluate adherence to internal policies and external regulations.
Provide guidance and training to employees on compliance matters.
Liaise with regulatory authorities and respond to inquiries or requests for information.
Fraud Management
Develop and execute a fraud prevention strategy specific to the Nigerian fintech industry.
Conduct risk assessments to identify vulnerabilities in the payment system.
Monitor transactions and analyze suspicious activities using fraud detection tools relevant to the Nigerian market.
Lead investigations into flagged transactions promptly and accurately.
Manage and mentor a team of fraud analysts with an understanding of the Nigerian fraud landscape.
Oversee relationships with Nigerian third-party fraud prevention vendors and tools.
Stay up-to-date with Nigerian industry regulations and prepare reports on local fraud trends and prevention efforts.
Collaborate with product, engineering, and customer support teams to implement fraud prevention measures tailored for Nigeria.
Conduct regular fraud awareness training for employees and Nigerian merchants.
Identify areas for process improvement within fraud management to optimize efficiency in the Nigerian context.
Internal Control and Governance:
ISO standards Implementation.
Implement and maintain an effective internal control framework to safeguard payment operations and mitigate risks.
Develop and enforce governance structures, ensuring compliance with corporate policies and procedures.
Collaborate with internal audit to facilitate audit activities and address findings.
Monitor and report on the effectiveness of internal controls and governance structures.
Requirements:
Bachelor’s degree in Business Administration, Finance, Risk Management, or a related field. A relevant professional certification (e.g., Certified Risk and Compliance Management Professional) is preferred.
5-7+ years of relevant audit experience, Fintech/Banking/Financial sector experience preferred.
Proven experience in risk management and compliance within the payments industry (Payment Facilitators in Nigeria).
Sound knowledge of relevant regulatory requirements and guidelines, particularly those issued by the CBN and the card schemes.
Familiarity with risk assessment methodologies, compliance frameworks, and internal control systems.
Strong analytical skills with the ability to identify and evaluate risks effectively.
Excellent understanding of payment operations, systems, and industry best practices.
Demonstrated ability to develop and implement risk mitigation strategies.
Strong communication skills, both written and verbal, to effectively communicate complex risk and compliance concepts to various stakeholders.
Ability to collaborate and build relationships with internal teams, vendors, and regulatory authorities.
Attention to detail, integrity, and a commitment to upholding the highest ethical standards
Apply via :
duplo.bamboohr.com
