Legal & Regulatory Lead at Stitch Money Corporation

Stitch is a startup tech company whose mission is to make it easier for developers and entrepreneurs to build businesses in Africa. Our product suite allows anyone to integrate API access to users’ financial accounts into their apps, as well as make payments between bank accounts. We are expanding the team to enable Stitch to broaden our product offering and extend our geographical footprint.

We are recruiting to fill the position below:

Job Title: Legal & Regulatory Lead

Location: Lagos (Remote)

Job Summary

• We are looking for a Legal & Regulatory Lead to head up our Legal, Regulation and Compliance team.

Responsibilities

• Master a deep understanding of the rules and regulations governing each market in which we operate, including monitoring any changes and developments and maintaining active relationships with regulatory counterparts
• Internally advise and work with our Product & Distribution teams to develop a regulatory roadmap that allows Stitch to go to market effectively with its payments and data products
• Draft and review legal documentation that meets both local regulatory requirements and product & sales objectives, such as customer/partner contracts, service-level agreements, and terms & conditions
• Originate and manage outsourced/localized legal & compliance relationships on a per-territory basis where additional advisory may be required
• Develop and implement a framework of policies and procedures for managing and mitigating operational and compliance risks, including know-your-customer (KYC) and anti-money laundering (AML)
• Oversee the gathering of international documentation to meet external reporting obligations, whether facing regulators, investors, customers, or any other external counterpart
• Develop, coordinate, and/or oversee internal and external audit procedures
• Maintain up to date documentation and policies related to the organization's compliance activities.

Requirements

• 5 - 10 years in a senior legal, regulatory, risk, or compliance role in payments & financial services
• Licensed attorney in a current area of practice
• Deep knowledge of applicable global and local payments and data compliance regulation e.g., PCI DSS, PSD2, GDPR, open banking regulations
• Familiarity with information security standards such as ISO 27001 and CIS Top 18
• Ability to develop relationships with relevant regulators (payments bodies, Central Banks or other regulatory bodies) across relevant jurisdictions
• Prior track record working cross-functionally to enable regulatory compliance across multiple dimensions of a high-growth business: within product (e.g. as counsel to product design and T/Cs), within business development (e.g. identifying ways to onboard partners and customers in a compliant way), and within technology (e.g. working with information security to build a robust IS org)

Skills:
Advantageous:

• Experience in compliance across multiple African jurisdictions (west Africa, east Africa, etc.)
• Previous experience working in a technology startup and navigating a regulatory ambiguous product area (e.g. like open banking in South Africa).

Application Closing Date
Not Specified.