About StraitPay:
StraitPay is a fintech company on a mission to make spending & investment in Africa a lot easier and more convenient for anyone interested in Africa. We are recruiting to fill the position below:
Job Title: Legal and Compliance Manager
Location: Ikoyi, Lagos
Employment Type: Full-time
Job Summary:
- We are looking for a Legal and Compliance Manager to ensure that the organization operates within the legal and regulatory frameworks of the financial industry.
- You will be responsible for overseeing legal matters, managing regulatory compliance, mitigating risks, and ensuring best practices in governance.
Job Description:
- Review & draft of all policies on company website and mobile app
- Review & draft of all terms and conditions on website and mobile app (in line with relevant regulatory provider)
- VISA card application support – including relevant policies & completing forms
- Safeguardaccount applications – supporting the entire legal & compliance processes (UK bank, European Union, Canada/US banks etc)
- Wolfsburg policy
- AML procedure for all business operations – improving and documenting them accordingly
- Third party compliance and risk templates
- Client onboarding & full risk assessment recommendations
- EnhanceDD policies
- Company secretary functions including managing UBO, ID of Directors, and review of all policies
- Review of all 3rd party vendor contracts and organising legal file
- Ownkey legal templates (e.g. NDA, MOU, JV, etc)
Responsibilities:
- Develop and implement policies to ensure compliance with financial regulations in jurisdictions such as Africa, North America, Europe, and other relevant jurisdictions.
- Monitor and interpret regulatory changes, advising leadership on necessary actions.
- Oversee licensing and regulatory reporting requirements.
- Manage contracts, agreements, and legal documentation to protect the company’s interests.
- Conduct risk assessments and ensure adherence to anti-money laundering (AML) and data protection laws.
- Draft, review, update, and maintain relevant policies expected of a financial institution.
- Serve as the primary liaison with regulatory bodies, legal counsel, and external stakeholders.
- Provide legal guidance on new product development, partnerships, and strategic initiatives.
- Support internal teams with compliance training and awareness programs.
- Handle disputes, litigation, and regulatory audits when required.
Requirements:
- A Bachelor’s Degree in Law, Compliance, or a related field; professional certifications (e.g., ICA, ACAMS) are a plus.
- 5+ years of experience in legal and compliance roles, preferably in fintech, banking, or financial services.
- Willingness to study and learn about relevant financial regulations in African, North American, and European markets.
- Strong knowledge of financial regulations in various markets.
- Experience in risk management, AML, data protection, and corporate governance.
- Excellent contract negotiation and drafting skills.
- Ability to work independently and communicate complex legal concepts clearly.
- Strong attention to detail and problem-solving skills.
Application Closing Date
28th April, 2025.
How to Apply:
Interested and qualified candidates should click on ‘Apply now’ below.
