Company: Paga
Sector: Financial Services / FinTech
Position: Compliance Analyst
Reports to: Head, Risk and Compliance
Location: Lagos, Nigeria
Experience: 2 - 4 years+ experience in Risk & Compliance or a similar role

ABOUT PAGA
Paga is on a mission to enable one billion Africans and millions of SMEs to pay, preserve hard-earned income, participate in global trade, and purchase goods and services at home and abroad. We have built a multicurrency, cloud-based payments and financial services engine that leverages multiple business services built on the same best-in-class infrastructure to serve the ecosystem through three businesses - Paga Engine (Enterprise B2B - www.pagaengine.com); Paga (Consumer - www.Paga.com); and Doroki (SME Retail - www.doroki.com). Paga has three licenses with the Central Bank of Nigeria – mobile money, international remittance, and a microfinance bank. Paga is headquartered out of the United Kingdom and has operating entities in Nigeria, United States, and Ethiopia. Founded in 2009, Paga now serves millions of users and businesses across Africa and beyond.

ABOUT THE ROLE
As a Risk Analyst at Paga, you will be responsible for ensuring that all corporate processes and procedures comply with the law. He/she will be responsible for developing, reviewing, and updating compliance policies and procedures in line with ever-evolving regulations and industry best practices. He/she will also be responsible for administering the code of ethics to ensure it guides every employee's conduct. He/she is expected to leverage opportunities that support our growth.
Finally, you will work closely with our Risk team. The Analyst is also charged with ensuring that company operations comply with internal standards and guidelines too.

PRIMARY RESPONSIBILITIES

• Collaborates with the legal team to interpret laws and regulations affecting the company, providing guidance on legal matters and assisting in developing legal and operational strategies.
• Identifies potential areas of weakness (inadequate/ineffective controls, areas of non-compliance) within service offerings and operations.
• Oversees all regulatory reporting and filing requirements in compliance with AML/CFT/CPF, Data Protection laws, and general regulations.
• Escalates regulatory risks, policy breaches, or discrepancies to the appropriate authority.
• Confirms suspicious transaction reports, screening, and KYC are fully investigated in line with regulatory requirements and reported where applicable.
• Manages and executes the Compliance Testing and Monitoring Program, including compliance testing across products and services.
• Provides Quality Assurance/Control regarding the compliance of the Onboarding unit’s activities (Customer, Agent, Business, and Doroki account verifications) to prevailing regulations and internal policies, moving the unit’s practice to a more compliance-based approach.
• Engages with the business and external parties (when required) on the strategy for adherence to laws, regulations, and guidance for new products, programs, or enhancement of existing products.
• Assists the Chief Compliance Officer in maintaining up-to-date internal control, KYC, and AML policies in compliance with all applicable regulations.
• Assists the Chief Compliance Officer to maintain an up-to-date Compliance Obligations Register.
• Proactively monitors and reviews systems and products for compliance.
• Assists in preparing reports to the leadership team, Risk and Audit Committee, Executive Management Team, and the board.
  
  

KEY COMPETENCIES

• Initiative
• Self- driven and hardworking
• Organized
• Multitask and manage competing priorities
• Creative and resourceful
• Good team player
• Flexibility
• Legal and Moral Integrity
  
  

KNOWLEDGE AND SKILL REQUIREMENTS

• Bachelor’s degree with a minimum of a 2:1 in an analytical field such as engineering, finance, computer science, mathematics, economics, etc
• Must have completed the mandatory NYSC.
• At least 3 years relevant work experience.
• Knowledgeable in technology.
• Knowledge & application of banking & or payments operations, operational risks, processes & controls.
• Knowledge of risk management and auditing.
• Ability to pay keen attention to details.
  
  

Click on this link https://paga.bamboohr.com/jobs/ to apply for this job.

We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices.