Risk and Compliance Head at Bankly

Bankly stands as a pioneering financial technology firm that is at the forefront of advancing cash digitization and data-driven consumer services. Since its inception in 2019, Bankly has been steadfastly dedicated to constructing the essential framework to cater to Nigeria’s informal sector. Our efforts have resulted in serving an estimated 35,000 customers through a network of approximately 15,000 agents spanning across Nigeria. Our ultimate vision revolves around the creation of a bank tailored to address the needs of the financially underserved population.

Title: Risk and Compliance Head

Location: Lagos

Key Responsibilities

• Defining the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization.
• Developing the annual compliance work plan that reflects the organization’s unique characteristics.
• Reviewing, drafting, negotiating, and structuring a broad range of commercial contracts, including but not limited to SLAs, IT services agreements, such as Cloud and SaaS arrangements, intragroup arrangements, partnership agreements and other ancillary business agreements.
• Work closely with the Group businesses and the Sales Team at various stages of the contracting process. This includes:
  • Supporting the pre-contracting process, e.g., inputting and reviewing RFIs and RFPs in line with contracting guidelines and best practices.
  • Preparing contract summaries, risk reports and stakeholder briefing documents.
• Develop integrated relationships and credibility with key members of businesses and across Group functions.
• Liaise with and manage relations with relevant stakeholders (including business/tech / HR /marketing colleagues) to deliver a high standard of advice, acting as the initial point of contact/support and trusted adviser.
• Provide risk management advice to the business.
• Ensure governance practices and monitor the effectiveness of controls.
• Create and constantly review the organization’s Compliance rule book to ensure all regulatory and reporting requirements are adhered to.
• Sensitize customer-facing units on proper Customer Onboarding processes and AML/CFT Controls in line with the CBN provisions and Global Best practices.
• Develop and implement policies and procedures across all business units to address the company’s objectives and regulators’ direction.
• Conduct compliance audits and prepare reports to the management and Board/Board Committee.
• Communicate with regulators, auditors, and other stakeholders to ensure compliance with financial regulations and resolve any compliance issues that may arise.
• Maintain records of compliance activities including regulator audits, outcomes of investigations and training brochures.
• Monitoring Financial services spaces, stay up to date with regulatory changes and ensuring the business is promptly aware of the opportunities or risk exposures.

Qualifications and Skills

• Extensive experience (minimum 7 years) in the financial services industry, with a focus on microfinance or banking.
• Proven track record in senior leadership roles, with experience in strategic planning, financial management, and risk management.
• Strong understanding of microfinance operations, regulations, and industry best practices.
• An in-depth understanding of the financial services industry or demonstrable wide-ranging commercial experience.
• A business-oriented lawyer with the breadth of experience to cover a broad base of legal and commercial issues across a variety of Group businesses.
• Ability to think strategically and creatively and view legal issues in their wider context and advise accordingly.

Deadline: Not Specified.

How to Apply: Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the email.