Arca Payments Company Limited Job Vacancy : Risk and Compliance Manager

Arca Payments Company Limited is a highly advanced Technology platform, helping to empower the new, digital era for Payments and fostering the Open Banking ecosystem.

We are recruiting to fill the position below:

Job Title: Risk and Compliance Manager

Location: Lagos

Job Description

The Risk & Compliance Manager will be responsible for developing, planning, and executing all risk, audit and compliance programs based on risk assessments in a financial environment.

The position will be charged but not limited to these responsibilities:

Evaluate the adequacy of the company’s internal control framework in addressing risks, compliance and accomplishing the company’s goals and objectives.
To actively monitor regulatory developments, assess the potential impact on the business and deliver findings and recommendations.
Reviewing, updating, implementing compliance policies, procedures and manuals.
Maintain and update a risk register
Delivering risk and compliance training sessions with particular focus on range of company products & services.
Daily monitoring of activity to identify emerging risks, possible compliance breaches and taking remedial action where necessary and assessing and reporting on implications to the business.
Identify areas of improvement and efficiency on the Internal Controls including compliance with policies, procedures, legal and contractual requirements
Take ownership and accountability for the internal audit of allocated audit-able areas; including IT general and application control reviews for areas allocated to process auditors in the performance of integrated audits
Perform various audits (IT/Financial and Operational) at corporate and subsidiary locations
Compilation of process documentation, performance of interviews/walk through, execution of audit testing, and documentation of results/deficiencies.
Preparation of audit reports to management and/or Audit Committee.
Assist in the development of a combined assurance approach and work with, and co-ordinate work with external audit, when required

Qualification

B.Sc/M.Sc degree in Computer Science, Engineering or a related subject.

Required Experience

4-6 years of cumulative relevant experience in risk management/compliance/Audit role with good understanding of all aspects of Operational Risk Management within a financial technology environment
Evaluation of Internal Controls: The ability to analyze process controls for effectiveness from a design and implementation perspective
Remedial Action Development: The ability to develop control improvements required to mitigate the risks or control failures identified during internal audit reviews.
Risk Acceptance: The ability to facilitate a formal acceptance process of reviewing and accepting residual risk, depending on the outcomes of risk identification and measurement.
Risk Response Strategy: The ability to facilitate the creation and adoption of an appropriate risk response strategy and to assign ownership for the risk response.
Evaluating Risk Management Effectiveness: The ability to determine if risk management and control measures are achieving the desired results and mitigating risks at the expected level.
In-depth knowledge of ISO2K & PCIDSS requirements
Ability to plan, perform, document and report on internal audits.
Notable level familiarity with various IT platforms, operating systems and information security.
Detailed familiarity with SDLC projects, change management and other general controls.
Experience in terms of assisting with the development and/or improvement of IT audit methodologies.