At Verto, we’re passionate about helping businesses in Emerging markets reach the world. What first started life as a FX solution for trading Nigerian Naira has now become a market-leading platform, changing the way thousands of businesses transfer money in and out of Emerging Markets.

We believe that where you do business shouldn’t determine how successful you are, or your ability to scale. Millions of companies a day have to juggle long settlement periods, high transaction fees and issues accessing liquidity in order to trade with African businesses. We’re on a mission to change this by creating equal access to easy payment and liquidity solutions that are already a given in developed markets.

We’re not alone in realising the opportunity and need to solve for emerging markets. We’re backed by world-class investors including Y-Combinator, Quona and MEVP, power payments for some of the most disruptive start-ups in the world and have a list of accolades from leading publications including being voted ‘Fintech Start Up of the Year’ at Fintech Awards London 2022.

Each year we process billions of dollars of payments and provide companies with solutions which help them to save money, automate processes and grow, but we’re only just getting started.....

We are seeking a highly skilled and experienced Compliance Officer to join our team in Lagos, Nigeria. The successful candidate will be responsible for ensuring VertoFX Nigeria's compliance with all relevant regulations, including those set by the Central Bank of Nigeria (CBN) and Financial Conduct Authority (FCA), leading the onboarding process for new clients, and maintaining accurate records working with the central compliance team.

In this role you will:

You’ll report to the Group Head of Compliance & MLRO and lead compliance initiatives to ensure legal and regulatory adherence in Nigeria. This role is vital for maintaining compliance with industry standards and financial regulations, especially in the payment sector.

You will support the Group Head of Compliance & MLRO in regulatory compliance, AML/counter-terrorist financing, onboarding and governance as well as be responsibility for the following:

• Support in developing and maintaining compliance programs, policies, and procedures in line with applicable laws and regulations.

• Ensure compliance with FCA & CBN regulations, including Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements

• Conduct thorough risk assessments and due diligence on new clients, in line with CBN & FCA guidelines

• Lead the onboarding process for new clients, ensuring timely and efficient completion

• Gather and verify required documents and information from clients, in accordance with regulatory requirements

• Develop and deliver compliance training programs and promote a culture of ethical conduct.

• Maintain accurate and up-to-date records and databases, in compliance with regulations

• Collaborate with cross-functional teams to ensure smooth onboarding and compliance

• Develop and implement compliance training programs for employees, in line with regulatory guidelines

• Provide expert advice on various AML/CFT & Sanctions issues affecting Verto as a result of compliance obligations and guideline management on AML, KYC and Due Diligence functions for Nigeria.

• Stay up-to-date with changing regulatory requirements and industry best practices, including CBN circulars and directives and how it impacts Verto’s product and service offerings in Nigeria

Skills and Qualifications:

• Bachelor's degree in a related field (e.g., law, finance, compliance)

• 5+ years of experience in compliance, onboarding, or transaction monitoring, with a focus on FCA/CBN regulated entities.

• Strong knowledge of CBN regulations and guidelines, including AML/CFT requirements and various payment licences (E.g. IMTO, PSP etc)

• Excellent analytical and problem-solving skills

• Attention to detail and ability to maintain accurate records

• Excellent communication and interpersonal skills

• Ability to work in a fast-paced environment and prioritise multiple tasks

Nice to Have:

• Compliance certification or AML/CTF accreditation or similar will be highly desirable

• Experience with compliance/risk software and tools

• Knowledge of international trade and local government regulations

Locations

Nigeria

Remote status

Hybrid Remote

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