Head of compliance and legal
Posted on Friday, June 2, 2023
Our compliance and legal team is at the heart of what we’re building at Safepay. You will be responsible for developing a comprehensive regulatory compliance framework as well as implementing and maintaining processes, systems and controls to ensure Safepay’s continued compliance.
The ideal candidate will come from “start-up” like environments, be mission-driven, a clear communicator with a solid background in the payments and/or fintech space.
You will be responsible to lead and provide direction on all legal matters and regulatory issues together with existing internal legal resources as well as external legal advisers. You will be a senior member of the team reporting directly to the CEO.
There is already a compliance and legal function existing at Safepay, we’re looking for the next leader for this with an aim to bulk out the team in the coming months.
What you’ll be doing - compliance
Develop, implement and maintain a framework of policies and procedures for managing and mitigating operational and compliance risks, in line with laws and regulations applicable to us
Design and implement relevant compliance processes including know your customer (KYC), anti-money laundering (AML), sanctions and combatting the financing of terrorism (CFT)
Perform risk assessments to understand risk level, significance and scope to our operations
Master a deep understanding of the rules and regulations in which we operate, including monitoring any changes and developments
Oversee the gathering of internal information to meet external regulatory reporting obligations and supervise the legal matters of the organisation including maintaining liaison with legal advisors regarding smooth handling of the legal cases
Act as a point-of-contact for all employees on issues relating to money laundering, terrorist financing and receive reports on non-compliance with laws or company policies
Compile regular reports on risk and compliance performance that can be shared with management or the board of directors so that issues can be rectified
Support our product and market expansion initiatives by overseeing efforts to apply for new licenses where needed
Ensure regular information dissemination and coordinate training across the company on compliance issues and provide proactive and effective solutions for risk management.
Oversee any internal and external audits or regulatory examinations
Manage third party vendor risk reviews and vendor due diligence where relevant
Collaborate with other departments to create a culture of compliance across Safepay
What you’ll be doing - legal
Lead and represent the organisation and appear before concerned authorities such as the State Bank of Pakistan and/or Securities and Exchange Commission of Pakistan
Drafting and legal vetting of agreements, contracts, MOUs, and other legal documents entered into by the company
Speaking and coordinating with external counsel as to legal advice and strategy
Coordinating with internal finance for creation of documents for submission to third parties such as our financial partners (banks, card networks etc) when the need arises
Company secretarial work such as coordinating board resolutions, filing and maintenance of these and submission to the relevant authorities through external legal consultants.
What it takes to succeed:
3+ years in a senior compliance/legal role
Experience in payments/financial services space
Ability to develop deep relationships with regulators (Central Banks or otherregulatory bodies) across multiple jurisdictions
Excellent sense of judgment - able to help steer the company to balanceinnovation and growth with regulatory compliance
Critical problem-solving skills
Ability to thrive, adapt and embrace change in rapidly-changing regulatoryenvironments
Knowledge of global payments compliance regulation - PCI DSS, PSD2,GDPR, card scheme rules etc.
While this is not a requirement, it would be a plus if you have:
Master's Degree in either economics/business/law (preferred). However any candidate with relevant experience will be considered
Relevant course, done through ICA (International Compliance Association) or NIBAF (
Experience in Pakistan working with regulated financial institutions and the State Bank of Pakistan
A willingness to learn and “can do” attitude