About the Role<\/p>\n
\tWe are seeking a Head of Risk & Compliance to lead the design, implementation, and continuous enhancement of Virtual pay\u2019s enterprise risk management and regulatory compliance frameworks. The role is responsible for ensuring that the company operates within its approved risk appetite, maintains full compliance with all applicable legal and regulatory obligations, and sustains a strong control environment that supports business growth, operational resilience, and financial crime prevention. The ideal candidate will bring deep expertise in risk management, regulatory compliance, fraud prevention, AML\/CTF, information security governance, and payments regulation, with significant leadership experience within fintech, payment services, banking, or broader financial services.<\/p>\n
Key Responsibilities<\/p>\n
Enterprise Risk Management<\/p>\n
\tDevelop and implement a comprehensive enterprise risk management strategy aligned with Virtual pay\u2019s business objectives, growth plans, and regulatory requirements.\u00a0
\n\tLead the identification, assessment, measurement, monitoring, and reporting of strategic, operational, financial, compliance, technology, and fraud risks.\u00a0
\n\tDefine risk appetite statements, tolerance thresholds, and escalation protocols.\u00a0
\n\tOversee enterprise-wide risk registers and mitigation action plans.\u00a0<\/p>\n
Payment Risk Management<\/p>\n
\tLead the payment risk management framework covering transaction risk, merchantrisk, chargebacks, settlement exposure, and payment abuse.
\n\tOversee real-time transaction monitoring controls across cards, wallets, bank\u00a0transfers, and alternative payment channels.
\n\tEstablish merchant onboarding, underwriting, reserve requirements, and continuous
\n\texposure monitoring standards.
\n\tMonitor chargeback ratios, fraud-to-sales thresholds, authorization decline trends,\u00a0refund abuse, and scheme compliance indicators.
\n\tStrengthen controls over settlement risk, reconciliation breaks, payment exceptions,\u00a0and partner bank exposure<\/p>\n
Compliance Strategy & Governance<\/p>\n
\tDevelop, implement, and maintain a robust compliance governance framework,\u00a0including policies, procedures, standards, and internal controls.\u00a0
\n\tEnsure compliance with all relevant laws, regulations, licensing obligations, card\u00a0scheme rules, AML\/CTF obligations, consumer protection requirements, and data privacy standards.\u00a0
\n\tProvide continuous oversight of policy adherence and control effectiveness across all\u00a0business units.\u00a0<\/p>\n
Regulatory Engagement & Reporting<\/p>\n
\tServe as the primary liaison with regulators, external auditors, banking partners, and\u00a0other oversight bodies on risk and compliance matters.\u00a0
\n\tMonitor global and local regulatory developments affecting PSPs, fin-techs, and digital\u00a0financial services.\u00a0
\n\tOversee timely submission of regulatory returns, board reports, audit responses, and\u00a0statutory filings.\u00a0
\n\tPresent risk and compliance reports, dashboards, and key findings to senior leadership and the Board.\u00a0<\/p>\n
Financial Crime, AML & Transaction Monitoring<\/p>\n
\tLead the design and implementation of robust AML, CTF, KYC, CDD, EDD, sanctions\u00a0screening, and transaction monitoring frameworks.\u00a0
\n\tEnsure effective detection, investigation, escalation, and reporting of suspicious\u00a0activities.\u00a0
\n\tOversee fraud risk management controls, card transaction monitoring, and merchant risk reviews.\u00a0
\n\tContinuously strengthen controls to mitigate money laundering, fraud, and payment abuse risks.\u00a0<\/p>\n
Operational Risk, Fraud & Information Security<\/p>\n
\tOversee operational risk management, including fraud prevention, cyber risk,\u00a0business continuity, and third-party risk.\u00a0
\n\tLead the implementation and continuous improvement of the Information Security
\n\tManagement System (ISMS) aligned to ISO\/IEC 27001 standards.\u00a0
\n\tIdentify information security risks and implement proportionate controls to mitigate vulnerabilities.\u00a0
\n\tCoordinate internal and external audits to maintain compliance and certification requirements.\u00a0<\/p>\n
Risk Assessment, Assurance & Controls<\/p>\n
\tConduct periodic enterprise risk and compliance risk assessments.\u00a0
\n\tLead internal control reviews, compliance testing, and remediation tracking.\u00a0
\n\tEnsure closure of audit findings and regulator action points within agreed timelines.\u00a0
\n\tDrive continuous improvement of governance, risk, and control processes.\u00a0<\/p>\n
Leadership, Culture & Cross-Functional Collaboration<\/p>\n
\tBuild, lead, and develop a high-performing Risk & Compliance function.\u00a0
\n\tPromote a strong culture of risk awareness, ethical conduct, and compliance\u00a0accountability across the organization.\u00a0
\n\tPartner closely with product, operations, legal, technology, and commercial teams to embed risk and compliance considerations into business initiatives.\u00a0
\n\tSupport new product development, market expansion, and strategic partnerships\u00a0through proactive advisory<\/p>\n
Qualifications & Experience<\/p>\n
\tBachelor\u2019s degree in Risk Management, Finance, Law, Business, Accounting, or a related field.
\n\tProfessional certifications such as FRM, PRM, CFA, ACAMS, ICA, CCEP, CCO, ISO 27001 Lead Implementer\/Auditor, or equivalent are highly desirable.
\n\tMinimum 7\u201310 years of progressive leadership experience in risk, compliance, AML, fraud, or governance roles within fintech, PSPs, banking, EMIs, or financial services.
\n\tStrong understanding of Kenyan, regional, and global regulatory frameworks governing payment service providers.
\n\tProven expertise in AML\/KYC, fraud risk, transaction monitoring, regulatory reporting, and information security governance.
\n\tDemonstrated success in building scalable second-line risk and compliance frameworks in a high-growth environment.
\n\tStrong leadership, strategic thinking, stakeholder management, and board-level reporting capabilities.
\n\tHigh integrity, sound judgment, and exceptional analytical skills.\u00a0<\/p>\n
go to method of application \u00bb<\/p>\n
Use the link(s) below to apply on company website. \u00a0<\/p>\n
Apply Through:<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"","_company_name":"Virtual Pay","_company_website":"http:\/\/www.virtual-pay.io\/","_company_tagline":"Virtual Pay is one of the fastest-growing topnotch global payments specialist. We are trusted by top business agents and merchants all over the world to simplify and speed up the international payment process for their clients. We are customer \u2013 focused, creative and unique to assisting our... read more clients to fast transact and manage payments.Join the league of top entrepreneurs who enjoy Virtual Pay services. Virtual Pay represents a new breed of payment companies, built from the ground up with a laser-focus of innovating and seamlessly integrating tomorrow's payment solutions. One of the things that makes Virtual Pay so unique is the fact that our solutions have been designed to encompass the entire payments value chain.","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[692],"job-categories":[787,693,701,1301],"job-types":[687],"class_list":{"0":"post-94927","1":"job_listing","2":"type-job_listing","3":"status-publish","4":"hentry","5":"job_listing_region-nairobi","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-listings\/94927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/media?parent=94927"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job_listing_region?post=94927"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-categories?post=94927"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/kenya\/wp-json\/wp\/v2\/job-types?post=94927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}