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Compliance Review Specialist Nigeria
Paystack
Posted 3 months agoNigeria
Location
Nigeria
Job Type
Full-time
Experience
Senior
Category
Legal
Job Description
Paystack’s mission is to accelerate digital payments on the continent of Africa. Over 200K of some of the most renowned businesses in Nigeria, as well as a growing number of merchants in South Africa, Ghana, and Kenya use Paystack’s modern payments gateway. They include the likes of MTN, Burger King, UPS, AXA Mansard Insurance, FairMoney, PiggyVest, FilmHouse Cinemas, Smile Communications, Air Peace Airlines, Crocs, Under Armour, Richemont Lifestyle Group (RLG), and many others.
In just over 9 years, our growing team has introduced a steady cadence of innovation within the online payments landscape, such as automated recurring payments, the ability for customers to pay directly from their bank accounts, automated chargebacks, and much more. We’ve been acquired by Stripe and are doubling down on the mission to help build out Africa’s payments infrastructure.
We’re obsessed about building the best place to work on the continent while accelerating digital commerce across Africa and we need your help!
About the Compliance Review Specialist (West Africa )role
As Paystack grows, maintaining compliance with Know Your Customer (KYC), Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT), and other regulatory requirements is vital to earning and retaining the trust of our customers and stakeholders.
The Compliance Review Specialist will work with the Compliance Review team in Nigeria, Ghana, South Africa and Kenya, overseeing onboarding, identity verification, and compliance programs to ensure our operations align with global and local regulatory standards. This position is responsible for building and managing robust operational processes and programs to meet financial partner and regulatory requirements, including those set by card networks and global financial institutions.
By collaborating with internal teams, external partners, and regulatory bodies, the Compliance Review Specialist will play a pivotal role in maintaining a secure and compliant ecosystem for our users.
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Requirements
- Minimum Qualifications:
- 3 - 4 years of experience in compliance, KYC, AML/CFT, or financial crime risk.
- Deep knowledge of Nigeria’s regulatory landscape, including CBN, NFIU, and SEC guidelines.
- Ability to translate complex regulatory requirements into clear, actionable processes for business users.
- Proficiency in compliance tools and data analytics platforms (e.g., SQL, Metabase, Tableau) to track and enhance operational efficiency.
- Strong problem-solving mindset, with the ability to adapt quickly in a high-growth, fast-paced environment.
- Excellent communication skills (both written and verbal) to engage effectively with regulators, partners, and internal teams.
- Preferred Qualifications:
- Experience working with compliance requirements for fintech or financial services companies in Nigeria.
- Familiarity with international compliance frameworks such as FATF, GDPR, and PCI-DSS.
- Legal training or experience interpreting financial regulations.
- Knowledge of compliance automation tools and technologies.
- Application Instructions - Read Carefully!:
- Click the “Apply for this job” button to begin your application.
- Complete all required fields in the application form.
- After submission, you’ll receive an email with a link to an online aptitude test.
- Complete the aptitude test as soon as possible—your application will not be considered complete until the test is submitted.
Responsibilities
- We'll trust you to:
- Develop and Optimise Processes: Designing and implementing efficient KYC, AML/CFT, and transaction monitoring processes. Creating workflows tailored to the Nigerian, Ghanaian, South African and Kenyan regulatory landscape while leveraging automation tools and self-serve resources to help businesses navigate compliance requirements seamlessly. Addressing gaps in existing procedures and ensuring operational scalability will also be a priority.
- Monitor and Evaluate Merchant Activity: Oversee compliance reviews new merchant accounts, ensuring adherence to applicable regulations and internal policies.
- Improve the Merchant Experience: Balance stringent regulatory requirements with a world-class merchant experience. You will be responsible for optimising onboarding timelines, ensuring that compliance checks are a bridge rather than a barrier to business. By identifying and removing bottlenecks, you’ll help maintain critical SLAs without compromising on risk integrity.
- Lead and Manage Teams: Direct and support a team of Compliance Review Agents and oversee their day-to-day operations. You will be responsible for their output quality, resource planning, and ensuring the team stays motivated and aligned with our high standards for speed and accuracy.
- Collaborate Across Teams: Partner with the Risk, Legal, Product, and Sales teams to address compliance requirements, refine onboarding and monitoring workflows, and resolve escalated issues effectively. Advocate for merchants internally by creating efficient feedback loops between customers and the Product and Engineering teams, ensuring continuous improvement of onboarding and review processes.
- Analyse and Report Compliance Data: Use data tools such as Excel, Metabase, and SQL to track team performance, identify trends, and share insights with stakeholders.
- Mitigate Risk: Continuously develop processes to preemptively identify high-risk areas within Paystack and provide recommendations to mitigate them. Act as the primary point of escalation for compliance-related issues, ensuring swift and accurate resolution in collaboration with internal and external partners.
- Maintain Relationships with Regulators and Partners: Cultivate strong partnerships with banking partners, regulatory bodies, and key stakeholders to align on compliance objectives. Regularly engage with them to share insights, discuss goals, and ensure mutual accountability. Serve as the main point of contact for audits, law enforcement inquiries, and external compliance reviews, ensuring clear communication and adherence to expectations.
- Foster a Culture of Compliance: Drive awareness and adherence to compliance policies across the organisation, ensuring every team member understands their role in maintaining a safe platform.
