Regulatory and Compliance Lead at Stitch

The Role:

The Regulatory & Compliance Lead will play a key role in the implementation and execution of a risk management and compliance strategy.  As our compliance lead, you will play a key role in supporting the Head of Legal on any relevant compliance related issues. You will be responsible for ensuring that Stitch complies with all relevant regulatory requirements and internal policies.

Responsibilities:

• Master a deep understanding of the rules and regulations governing each market in which we operate, including monitoring of any changes and developments.
• Assist the Head of Legal in the implementation of policies and procedures for managing and mitigating operational and compliance risks related to the business.
• Maintain up to date documentation and policies related to the organization's compliance activities, and monitor the adherence to such policies.
• Overseeing KYC / customer due diligence on an on-going basis and providing AML support for transactions, including assessing any high-risk exposures.  
• Provide technical guidance to the business on relevant regulatory changes that impact our compliance program and collaborate with internal teams to identify steps necessary to mitigate regulatory risks.
• Work collaboratively with external advisors, consultants and service providers responsible for certain aspects of our compliance program, on a day-to-day basis.
• Additional duties as assigned, including but not limited to:
  • Acting as the South Africa Data Protection Officer with responsibility for advising and monitoring data protection requirements in line with local regulatory requirements;
  • Acting as the Compliance Officer with responsibility for FICA related activities (where required) 

Requirements

• 4 – 6 years in a legal, regulatory, risk, or compliance role in payments & financial services
• Deep knowledge of compliance laws and regulations in South Africa, particularly in relation to payments & financial services covering the following areas AML/CFT (FICA), Data protection (POPIA), PCI DSS (card security standards), DCSP (clearing system), ISO 27001 etc.
• General knowledge of applicable global payments and data compliance regulation e.g., GDPR, and open banking regulations
• Experience dealing with the SARB and other relevant regulators; ability to develop relationships with relevant regulators across jurisdictions
• Ability to both work independently and collaborate with team members
• Excellent management and organizational skills and capability to handle multiple projects at one time
• Ability to work in a cross-functional and cross-border team

Advantageous:

• Professional certification (e.g., Certified Compliance & Ethics Professional (CCEP)) is a plus
• Other compliance-related certification(s) from an accredited institution