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