iPayBTC is a fintech company building accessible financial services powered by Bitcoin and digital payment infrastructure. We are strengthening our internal controls, regulatory readiness, risk management, and compliance processes as we build a more reliable and sustainable financial services business.
Role Overview
We are looking for a detail-oriented, ethical, and motivated Compliance Officer to support the development and implementation of iPayBTC's compliance framework.
This role is suitable for a recent graduate or an early-career professional interested in financial technology, regulatory compliance, AML/KYC, and risk management.
The successful candidate will support regulatory research, compliance documentation, transaction monitoring, suspicious transaction reporting, risk assessments, and audit preparation. The candidate will also help identify compliance gaps, track corrective actions, and escalate potential breaches to management.
Key Responsibilities
A. Regulatory Research and Monitoring
Research applicable Nigerian regulations affecting iPayBTC's products and business activities.
Maintain a register of relevant regulatory obligations.
Monitor regulatory updates and communicate relevant changes to management.
Assist with compliance gap assessments and track identified gaps.
B. AML/KYC Compliance
Review existing Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.
Assist in documenting customer due diligence and escalation procedures.
Maintain records of compliance checks and flagged activities.
Escalate suspicious activities, incomplete documentation, and potential compliance breaches promptly.
C. Compliance Documentation
Assist in preparing and updating compliance policies, procedures, and internal guidelines.
Maintain a compliance calendar and organised compliance documentation repository.
Track outstanding compliance issues and corrective actions.
Support staff compliance awareness and training.
D. Risk Assessment and Audit Support
Assist in maintaining the compliance risk register.
Support internal compliance reviews and audit preparation.
Collect and organise evidence demonstrating that controls are operating as intended.
Track identified gaps and follow up on corrective actions until closure.
E. Product and Vendor Compliance
Assist in assessing compliance risks associated with new products, features, and third-party providers.
Work with Product, Engineering, and Operations to document compliance requirements before product launches.
Maintain vendor due diligence records and compliance assessment documentation.
Escalate material compliance risks before new products or features are approved for launch.
F. Suspicious Transaction Reporting (STR) and Regulatory Reporting
Review transaction alerts and suspicious activity escalated by Operations, Customer Support, or automated monitoring systems.
Assist in reviewing unusual customer transactions, including relevant Bitcoin on-chain and off-chain activity, using approved tools and procedures.
Maintain an internal suspicious activity register and escalate cases promptly.
Prepare draft Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs), where applicable, for review by the authorised compliance supervisor.
Support the preparation and submission of applicable reports to the Nigerian Financial Intelligence Unit (NFIU) and other relevant authorities.
Track applicable reporting deadlines and maintain records of submissions, supporting evidence, and acknowledgements.
Assist in identifying applicable threshold-based reporting requirements and other regulatory reporting obligations.
Maintain strict confidentiality of investigations and regulatory reports, observing applicable restrictions on disclosure.
Stay informed about relevant NFIU guidance and AML/CFT reporting requirements.
Requirements
Bachelor's degree in Law, Accounting, Finance, Economics, Business Administration, or a related discipline.
Recent graduates and candidates with up to two years of relevant experience are encouraged to apply.
Basic understanding of AML/KYC and financial services compliance.
Strong research, writing, documentation, and organisational skills.
High integrity, discretion, attention to detail, and willingness to learn.
Ability to work independently, manage deadlines, and escalate issues appropriately.
Interest in fintech, Bitcoin, digital assets, or payments is an advantage.
Compensation
The position offers a monthly salary of ₦100,000.