FairMoney

FairMoney

Head of Compliance

  • Permanent contract 
  • Lagos
  • > 10 years

The company

FairMoney

FairMoney

  • Banking, Big Data, FinTech / InsurTech

The job

Head of Compliance

  • Permanent contract 
  • Lagos
  • > 10 years

This position was filled!

About

FairMoney is building the leading mobile bank for emerging markets.

They started with a digital microcredit application on Android, and are rolling out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

So far they disbursed over 3,000,000 micro-loans and give more than 7,000 loans daily. They are backed by top notch US/EU investors and have raised over USD 15m Venture Capital to support a stellar growth. They are a team of +100 between Paris, Lagos, Bangalore in Engineering (Android, Data, Backend), Product, Marketing, Risk & Data Science and Operations - and they won’t rest before the FairMoney app is in the hand of millions!

Their values

Start with the client 📊
We are passionate, optimize for our users, care for our impact

Own, don’t rent 💥
We strive for ownership and don’t rest until what we own is accomplished

Scientist mindset 👩‍🔬
We solve large challenges, break them into small pieces, make well reasoned conclusions

Churn 9-5 🎯
Work should is something we love and embrace * that we measure in tasks achieved, not hours completed

Fly High - Fly Low 🙌
We fly high to make big and bold plans - strategize
We fly low and put our hands in the dirt to ensure the detailed high quality output of us and those that we manage

70/30 ⚡
We value execution speed and making decisions with 70% of the available data and a 30% margin of error over 100% accuracy and being blocked by over-analysis

Direct Feedback 🤝
We don’t carry frustration with us but give direct feedback to our colleagues regularly to make sure we all improve and get better

Radical Focus 🔎
Our mantra is to start with the question, “What should not be done this week to increase the focus on the things that really matter

Job description

Your role will be to ensure that FairMoney is compliant with all local laws and regulation while on its journey to create the first mobile bank for emerging markets.

You will work on :

Compliance:

  • Ensuring compliance with local law and regulations for all products regarding KYC/AML requirements,
  • Ensuring compliance with others 3rd party regulations
  • Working with product teams to provide clear recommendations for the do’s and dont’s in building and maintaining our lending and banking products.

Regulatory/Legal:

  • Managing licensing processes for the firm,
  • Managing other legal matters for the firm in the wider sense as long as falling under compliance,
  • Advising the business on any anticipated legal and compliance risks when entering into business arrangements with partners, suppliers, agents and customers.

Preferred experience

  • You have at least 10 years cumulative legal/ compliance experience,
  • You have a significative experience working in fintech (preferably in the lending sector),
  • You have experience working in private practice in the financial services segment,
  • You have experience working with KYC/AML requirements in Nigeria,
  • You have experience working with regulators, especially CBN,
  • You have legal experience in drafting and managing contracts.
  • Qualified to practice in Nigeria is required
    (LLM is a plus)

Recruitment process

  1. Phone screening with Titi, HR & TA Manager
  2. Case study assessment
  3. Technical interview

Meet the FairMoney team

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