Compliance Manager

CredPal is a leading financial technology company that offers a comprehensive range of financial solutions, including credit cards and investment opportunities, to empower individuals. Our mission is to revolutionize access to credit and investment, enabling individuals to take charge of their financial well-being.

Job Title: Compliance Manager

Job Type: Full Time/Hybrid

Level: Senior - Level

Purpose Statement

CredPal is seeking an experienced Compliance Manager to oversee and strengthen the Company’s regulatory compliance framework across its credit, lending, investment, FX, cross-border, and other financial services products.

The role will be responsible for ensuring compliance with applicable SEC requirements, AML/CFT regulations, consumer credit and lending requirements, investment regulations, foreign exchange and cross-border transaction requirements, regulatory reporting obligations, and other applicable financial services regulations.

The successful candidate will provide practical regulatory guidance to Management and business teams, ensure regulatory requirements are embedded into products and operations, and maintain effective relationships with relevant regulatory authorities.

Responsibilities

- Develop, implement, and continuously strengthen the Company’s regulatory compliance framework, policies, procedures, and controls.
- Ensure regulatory compliance across the Company’s credit, lending, investment, FX, cross-border, and other financial products and services.
- Ensure compliance with applicable SEC regulations, guidelines, circulars, licensing requirements, and reporting obligations.
- Monitor regulatory requirements governing the Company’s credit and lending activities, including customer disclosures, pricing, collections, consumer protection, and responsible lending practices.
- Ensure investment products and related activities comply with applicable capital markets, investment, disclosure, suitability, and regulatory requirements.
- Monitor regulatory developments and assess their impact on the Company’s products, operations, partnerships, and strategic initiatives.
- Interpret regulatory requirements and translate them into practical policies, processes, product requirements, and operational controls.
- Coordinate regulatory filings, returns, notifications, licence renewals, approvals, and other statutory submissions.
- Serve as a key point of contact for regulatory engagements, inspections, examinations, enquiries, and information requests.
- Maintain an up-to-date regulatory obligations register and ensure all regulatory requirements are completed within prescribed timelines.
- Lead and maintain the Company’s AML/CFT/CPF compliance framework in line with applicable regulatory requirements.
- Oversee KYC, Customer Due Diligence, Enhanced Due Diligence, beneficial ownership verification, PEP screening, sanctions screening, and customer risk classification.
- Ensure appropriate transaction monitoring, investigation, escalation, and regulatory reporting processes are maintained.
- Ensure effective controls are in place for higher-risk customers, transactions, products, jurisdictions, and business relationships.
- Ensure compliance with applicable regulatory requirements relating to FX and cross-border transactions.
- Review cross-border transaction structures, payment flows, settlement arrangements, counterparties, and partnerships from a regulatory compliance perspective.
- Conduct regulatory assessments for new markets, jurisdictions, transaction corridors, investment products, credit products, and other financial services.
- Conduct compliance reviews before the launch of new products, services, partnerships, or material changes to existing products.
- Review credit product structures, interest and fee disclosures, eligibility requirements, collections processes, and customer communications from a regulatory perspective.
- Review investment product structures, investor onboarding, risk disclosures, client suitability, transaction processes, and marketing communications for regulatory compliance.
- Work closely with Product, Technology, Credit, Investment, Treasury, Operations, Finance, Legal, Risk, Sales, Collections, and other teams to embed regulatory requirements into business processes.
- Review product terms, agreements, disclosures, customer communications, campaigns, and operational processes for regulatory compliance.
- Conduct periodic compliance monitoring across credit, investment, treasury, collections, operations, and other relevant business activities.
- Develop and execute an annual risk-based compliance monitoring programme.
- Identify regulatory gaps, compliance breaches, control weaknesses, and areas requiring remediation.
- Track and ensure timely closure of regulatory, audit, and compliance findings.
- Maintain appropriate compliance registers, regulatory correspondence, breach records, and supporting documentation.
- Prepare regular regulatory compliance reports for Executive Management and relevant governance committees.
- Coordinate regulatory inspections, compliance reviews, external assessments, and remediation exercises.
- Develop and maintain policies covering AML/CFT, KYC, sanctions, regulatory reporting, consumer credit, lending, investment activities, cross-border transactions, conflicts of interest, market conduct, and other relevant compliance areas.
- Conduct periodic regulatory and compliance training for employees and Management.
- Provide specialist compliance guidance to business teams on regulatory requirements and emerging risks.
- Promote a strong culture of compliance, accountability, ethical conduct, and regulatory awareness across the organisation.

Requirements

Requirements & Qualifications

- Bachelor's degree in Law, Finance, Accounting, Economics, Banking & Finance, Business Administration, or a related discipline.
- Minimum of 5 years’ relevant experience in Regulatory Compliance, AML/CFT, Risk, Legal, Internal Control, or related financial services functions.
- Strong experience within a fintech, SEC-regulated institution, bank, lending business, investment firm, capital market operator, payments company, or other regulated financial institution.
- Strong knowledge of SEC regulations and Nigeria’s capital markets regulatory framework.
- Strong understanding of regulatory requirements governing credit, lending, consumer finance, and investment products.
- Strong practical knowledge of AML/CFT/CPF, KYC, CDD, EDD, PEP screening, sanctions screening, transaction monitoring, and regulatory reporting.
- Good understanding of regulatory requirements relating to FX and cross-border financial transactions.
- Experience supporting compliance across credit, investments, lending, payments, FX, or cross-border financial products.
- Strong understanding of regulatory licensing, reporting, inspection, and compliance monitoring requirements.
- Experience managing regulatory engagements, examinations, audits, inspections, and remediation activities.
- Ability to conduct regulatory risk assessments for new products, services, partnerships, and markets.
- Strong understanding of consumer protection, customer disclosures, responsible lending, collections practices, investment suitability, and market conduct.
- Strong analytical and problem-solving skills with the ability to interpret complex regulatory requirements.
- Ability to translate regulations into practical business, operational, product, and technology controls.
- Excellent stakeholder-management, communication, documentation, and report-writing skills.
- Ability to engage confidently with Executive Management, regulators, financial institutions, and external partners.
- Strong attention to detail, sound judgement, independence, integrity, and confidentiality.
- Ability to balance regulatory requirements with practical business considerations while maintaining appropriate compliance standards.

Professional Qualifications

Relevant certifications will be an added advantage, including:

- CAMS
- CIS
- ACA/ACCA
- CFA
- CISA
- Risk or Compliance certifications
- Relevant SEC registration or Sponsored Individual status

Benefits

- Competitive salary and benefits package.
- Opportunity to lead and strengthen regulatory compliance within a growing fintech business.
- Exposure to credit, lending, investments, capital markets, FX, cross-border transactions, and emerging financial products.
- Professional development and regulatory training opportunities.
- Collaborative and dynamic work environment.
- Opportunity for career growth as the business expands.