Compliance Business Partner

Summary

The job is for a Compliance Officer at Moniepoint, a fast-growing financial services platform in Africa. The role involves ensuring compliance risks are understood and addressed, partnering with the product team, and maintaining knowledge of compliance requirements.

Requirements

• 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

Responsibilities

• 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 associated with those products and services
• Maintain in-depth knowledge of Moniepoint’s products and services
• Maintain an in-depth understanding of Compliance requirements and translate 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
• Communicate directly with the relevant SVPs to determine impact to compliance systems
• Conduct quarterly training sessions for product teams on compliance issues