Head of Compliance and Risk

Job Summary

As Head of Compliance & Risk, you will develop a comprehensive regulatory compliance framework and be responsible for implementing and maintaining processes, systems and controls to ensure Paystack’s compliance across multiple jurisdictions. You also develop and manage an enterprise risk framework that will provide insights into our risks. We’re looking for a leader who will lead the buildout and scaling of our compliance program, serve as a key member of the Paystack leadership team and partner to the business, and who will elevate the ambitions of Paystack. The ideal candidate will come from “start-up” like environments, be mission-driven, a clear communicator with a solid background in the payments space. The role is remote-friendly with frequent travel to Nigeria, and expansion markets required.

  • Minimum Qualification: Degree
  • Experience Level: Senior level
  • Experience Length: 8 years

Job Description/Requirements

  • Develop, implement and maintain a global framework of policies and procedures for managing and mitigating operational and compliance risks, in line with laws and regulations across multiple jurisdictions
  • Develop, implement and maintain an enterprise risk framework.
  • Design and implement relevant compliance processes including know your customer (KYC), anti-money laundering (AML), sanctions, and combatting the financing of terrorism (CFT)
  • Perform risk assessments to understand enterprise risks
  • Master a deep understanding of the rules and regulations governing each market in which we operate, including monitoring any changes and developments
  • Oversee the gathering of internal information to meet external regulatory reporting obligations
  • Supervise the fulfillment of all record-keeping requirements
  • Investigate irregularities and non-compliance issues
  • Act as a point-of-contact for all employees on issues relating to money laundering, terrorist financing and receive reports on non-compliance with laws or company policies
  • Compile regular reports on risk and compliance performance that can be shared with management or the board of directors so that issues can be rectified
  • Support our product and market expansion initiatives by overseeing efforts to apply for new licenses where needed
  • Ensure regular information dissemination and coordinate training across the company on compliance issues
  • Review marketing materials, presentations, and websites to ensure compliance with regulatory requirements
  • Oversee any internal and external audits or regulatory examinations
  • Manage third party vendor risk reviews and vendor due diligence
  • Collaborate with other departments to create a culture of compliance across the company

Requirements:

  • 8+ years in a senior regulatory and compliance role
  • Experience in payments/financial services
  • Ability to develop deep relationships with regulators (Central Banks or other regulatory bodies) across multiple jurisdictions
  • 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
  • Deep knowledge of global payments compliance regulation – PCI DSS, PSD2, GDPR, card scheme rules, etc.
  • Nice-to-haves
  • Master’s Degree in either economics/business/law (preferred)
  • Relevant course, done through ICA (International Compliance Association)
  • Experience in Nigeria (or Africa)
  • ACAMS certification


Paystack is an equal opportunity employer and prohibits discrimination and harassment of any kind. We’re committed to providing employees with a work environment that is progressive and open-minded. Our employment philosophy is to hire the best people and empower them to do the best work of their lives. Employment decisions are based on business needs and individual merit without regard to race, color, religion, ethnicity, sexual orientation, nationality, marital status, gender, or age. 

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