Senior Compliance Specialist Job at StackFX

StackFX is a digital currency exchange platform and international payment provider built to serve both local and diaspora's personal, trade advisory and business financial transfer needs, this is made possible through a unified FX platform that is both secure and accessible regardless of region.

We are recruiting to fill the position of:

Job Position: Senior Compliance Specialist

Job Location: Lagos
Employment Type: Full time

Functions and Responsibilities
Compliance:


  • Prepare a legal and regulatory compliance checklist and check for 100% compliance;
  • monitoring changes in relevant legislation and the regulatory environment and taking appropriate action;
  • Liaising with external regulators and advisers, such as lawyers and auditors;
  • Ensure that none of the policies and procedures of the Company and its related activities is illegal, unethical, or improper;
  • Respond to alleged violations of rules, regulations, policies and procedures by evaluating or recommending the initiation of investigative procedures;
  • Identify potential areas of compliance vulnerability develop/implement a corrective action plan for resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future.
  • Manage interactions/ correspondence with regulators and relevant legal agents.

Litigation:

  • Offer dispute resolution advice including matters of recovery claims and actions;
  • Liaising with external Lawyer representing the Company in any form of dispute;
  • Handle all default-related litigations.

Legal Advice:

  • Provide Legal advice on the relevant laws and regulations as it concerns the business of the Company;
  • Draft Legal Opinions when requested

Custodianship:

  • Ensure effective and efficient filing system
  • Ensure proper custody of sensitive documents
  • Ensure proper titles and ownership of the Group’s assets

Key Performance Indicators:

  • Ensure zero penalties in regulatory filings, and ensure filings are done on the due date provided there are no operational constraints
  • Communication of changes in relevant legislation and actions taken to ensure implementation and compliance within 48 hours of such change.
  • Raise a red flag within an hour of detecting unethical, illegal or improper activities.
  • Maintain all document/ correspondences in the compliance files.
  • Ensure response to correspondence within 24 hours

Qualifications

  • Minimum of a first degree in Law, must have be called to the Nigerian bar.
  • Professional Membership
  • Must be a member of the Nigerian Bar Association (NBA)
  • A recognized professional certification in Financial/Payment Processing De-Risking, AML & Fraud Analytics will be an added advantage.

Skills / Competence Requirements:

  • Planning and good bookkeeping skill
  • Proactive and analytical skills
  • Good communication skills.
  • Integrity and Accuracy
  • Precision
  • Knowledge of regulations and policies relevant to the company business
  • Research and analytical skills
  • Good relationship management skills
  • Drafting skills, practical knowledge of contract, analytical skills accuracy and time management skills
  • In-depth understanding of company internal operations and structure