Background information about the job or company:

PalmPay is a Pan-African fintech company currently operating in Tanzania, Nigeria, Ghana, and Kenya and expanding to other markets in 2025. We’re reinventing the payments experience by making it easy and reliable for everyone to transfer money, pay bills, and shop online.

Responsibilities:

• Stay abreast of changes in financial regulations and ensure that the organization is up to date with all relevant laws and industry guidelines.
• Interpret and communicate regulatory requirements to relevant departments within the organization.
• Collaborate with legal and regulatory affairs teams to address compliance issues and provide guidance on regulatory matters.
• Develop and update compliance policies and procedures to reflect changes in regulations and industry best practices.
• Implement policies across the organization, ensuring that employees are aware of and adhere to compliance requirements.
• Conduct regular training sessions to educate employees on compliance policies and procedures.
• Conduct regular risk assessments to identify and evaluate potential compliance risks.
• Develop strategies to mitigate identified risks and ensure that appropriate controls are in place.
• Collaborate with other departments to integrate compliance considerations into business processes and systems.
• Establish and maintain a system for ongoing monitoring of compliance activities.
• Prepare and submit regular reports to senior management and regulatory bodies, summarizing compliance activities and addressing any identified issues.
• Lead or participate in investigations related to compliance matters.
• Develop and implement remediation plans to address any identified compliance deficiencies.
• Collaborate with internal audit teams to ensure that compliance controls are effective.
• Foster a culture of compliance through effective communication and training programs.
• Provide guidance and support to employees on compliance-related matters.
• Act as a point of contact for compliance-related inquiries from internal and external stakeholders.

Qualifications:

• A Bachelor's degree in Statistics / Accounting / Banking & Finance / Mathematics / LLB / Science) or any related field
• 6+ years of experience in a compliance role within the financial services sector.
• In-depth knowledge of financial regulations and industry standards.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.

Experience needed:

Experience within the banking or financial services sector

• Stay abreast of changes in financial regulations and ensure that the organization is up to date with all relevant laws and industry guidelines.
• Interpret and communicate regulatory requirements to relevant departments within the organization.
• Collaborate with legal and regulatory affairs teams to address compliance issues and provide guidance on regulatory matters.
• Develop and update compliance policies and procedures to reflect changes in regulations and industry best practices.
• Implement policies across the organization, ensuring that employees are aware of and adhere to compliance requirements.
• Conduct regular training sessions to educate employees on compliance policies and procedures.
• Conduct regular risk assessments to identify and evaluate potential compliance risks.
• Develop strategies to mitigate identified risks and ensure that appropriate controls are in place.
• Collaborate with other departments to integrate compliance considerations into business processes and systems.
• Establish and maintain a system for ongoing monitoring of compliance activities.
• Prepare and submit regular reports to senior management and regulatory bodies, summarizing compliance activities and addressing any identified issues.
• Lead or participate in investigations related to compliance matters.
• Develop and implement remediation plans to address any identified compliance deficiencies.
• Collaborate with internal audit teams to ensure that compliance controls are effective.
• Foster a culture of compliance through effective communication and training programs.
• Provide guidance and support to employees on compliance-related matters.
• Act as a point of contact for compliance-related inquiries from internal and external stakeholders.

• A Bachelor's degree in Statistics / Accounting / Banking & Finance / Mathematics / LLB / Science) or any related field
• 6+ years of experience in a compliance role within the financial services sector.
• In-depth knowledge of financial regulations and industry standards.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.