Compliance Business Partner at Moniepoint Inc.

About Moniepoint Inc.

https://www.moniepoint.com/ng/

Moniepoint is an all-in-one financial services platform for emerging markets and the second-fastest growing company in Africa.
Since 2019, Moniepoint’s technology has powered over 3 million people, offering personal and business banking, payment, credit, and business management tools to help them succeed. Moniepoint processed $182 billion in 2023 and currently processes the majority of the POS transactions in Nigeria.

Monnify is Moniepoint’s payment gateway, powering online and offline payment processing for businesses globally. Within its three years of existence, Monnify currently processes millions of dollars worth of transactions daily, with over 5,000 businesses.

About the role

Location: Remote (Fulltime)

You will be responsible for bringing together multiple stakeholders to ensure Compliance-related risks with Moniepoint’s products and services are understood, considered, and appropriately mitigated. You will also partner with the product team to develop and deploy products and services to ensure global compliance with regulations.

What you’ll get to do

Serve as the primary Compliance representative for Product development and enhancement to ensure Compliance-related risks of product changes are understood by all relevant stakeholders and addressed appropriately.
Maintain extensive knowledge of products and services within the payments industry and understand the compliance risks (i.e., operational, financial crime, sanctions, fraud, data privacy, consumer protection risks) of those products and services.
Maintain in-depth knowledge of the length and breadth of Moniepoint’s products and services.
Maintain an in-depth understanding of Compliance requirements and translate and describe those requirements to Product personnel.
Facilitate the design, update and implementation of product risk assessments including compliance certificates for all products across Moniepoint.
Drive Compliance involvement in early stages of product ideation, development, or changes.
Recommend strategies to enhance collaboration.
Recommend potential Compliance controls to the Compliance Business Partner based on industry knowledge and knowledge of capabilities of the Product team.
Develop actionable product requirements documents for compliance.
Understand Product challenges to implementation of compliance solutions and escalate/report risks, issues, and impact through Compliance.
Provide reasonable challenge to proposed implementation plans, as appropriate.
Assist in determining the reasonability, viability, or effectiveness of proposed compliance controls.
Maintain documentation of stakeholder approvals
Collaborate with stakeholders such as Audit, Legal and Operations to identify when technology changes have downstream impacts to other units.
This role will also communicate directly with the relevant SVPs to determine impact to compliance systems.
Conduct quarterly training sessions for product teams on compliance issues

To succeed in this role, we think you should have

Bachelor’s degree in Accounting, Finance, Business, Business Management, Commerce, Commerce in Business Innovation and Entrepreneurship, or a related field. Advanced degree preferred.
Minimum of 5 years of experience in a similar role, preferably in the payment industry or banking.
Specific experience with compliance requirements and either liaising with Product, or direct experience in product development, preferred.
Experience with writing actionable product requirements documents is a must.
Proven leadership skills with ability to drive projects and implementations to completion.
Excellent communication, presentation, and interpersonal skills.
Ability to translate non-technical requirements into technical language and vice-versa, and communicate to the appropriate audience, required.
Ability to prioritize multiple requests based on sound analysis of business need.
Strong problem-solving skills and the ability to make sound decisions.
Ability to work effectively and drive results in a fast paced environment.
Experience with an array of compliance-related systems, such as transaction monitoring, case management, or verification systems a must.

What we can offer you

Culture: We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
Learning:
We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
Compensation: You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits.