Risk & Compliance Manager Job at Woven Finance

Woven Finance is a new financial company in Nigeria tasked to create a brand identity that will help them connect better with their customers. Woven Finance simplifies day-to-day business transactions, making digital payments and reconciliations super easy for your business.

We are recruiting to fill the position below:

Job Position: Risk & Compliance Manager

Job Location: Lagos
Employment Type: Full-time

About the Role

• As the Risk & Compliance Manager, you will primarily be responsible for identifying and analyzing the areas of potential risk threatening the assets, earning capacity, and success of the organization. 

Operational Responsibilities

• Analyze and Monitor partner performance (transaction volume, disputes and chargeback activity, 3rd party risk data, etc.)
• Assess settlement process ensuring the identification and mitigation of settlement risk issues.  
• Monitoring, identifying, and preventing any suspicious or high-risk transactions.
• Develop partner risk assessment package detailing Key Risk Indicators, trends, and projections for monthly and quarterly presentations to Partner executives, our management team, and board.
• Anticipate partner defaults (as far as possible) and manage defaults in a manner that minimizes risk.
• Ensure compliance with Partner risk monitoring policies.
• Contributing to the development of metrics used for risk factor identification and stress-testing processes.
• Proactively developing risk tools by working with the technology team.
• Mapping company policies, procedures, and cybersecurity controls to partnerships and customer service agreements.
• Implementation of risk management tools and techniques for new and existing business initiatives.

Required Competency and Skillset

• 5+ years of experience in a similar function
• An understanding of compliance and regulatory framework in the Payments / financial services space
• Familiarity with security and privacy standards and regulations (E.g. GDPR, SOC II, PCI.)
• Ability to use data to drive desired results and support intelligent risk-taking.
• Ability to adapt to a rapidly changing business and technology environment
• Excellent verbal and written communication skills.