Head of Legal Compliance at Trustcrow

Trustcrow is a Lagos-based fintech company that specializes in a B-to-B digital escrow platform. The company escrows funds between transacting parties until agreed goods, services, or assets are delivered. This safeguards buyers from sell-side performance default and safeguards sellers from buy-side payment default. The platform eliminates the purchasers exposure to making advance payments prior to the receipt of goods/services and eliminates the sellers exposure to delivering goods/services before payment. By using a trusted intermediary, users benefit from increased transparency, protection, and efficiency. Trustcrow is a USA-registered company with operations in Nigeria.

We are recruiting to fill the position below:

Job Title: Head of Legal Compliance

Location: Lagos
Job Type: Full Time

Job Description

• As Head of Legal and Compliance, your #1 priority is to keep Trustcrow out of legal dilemma.
• Thus, it is important to understand the company’s business model, the implied risks, and the required risk mitigation strategies and policies.
• You are responsible for ensuring that Trustcrow team members comply with outside regulatory requirements and internal policies.
• You will be responsible for the corporate governance procedures ensuring each department has properly documented control procedures in place and that these are updated appropriately.
• You will also be providing legal and governance support to the management team who is responsible for leading the company.
• As we grow into new markets, you will work on compliance with local legislation where necessary.
• The candidate will be responsible for identifying legislation that impacts Trustcrow and ensuring compliance with it.
• This position will report directly to the CEO and it is anticipated that there will be travel involved.
• The successful candidate will marry these characteristics and be able to provide solutions for different business needs while exhibiting good management skills and a strong understanding of the company’s products and services.

Responsibilities

• Manage Trustcrow’s day to day legal and administrative activities.
• Create, implement, administer, and enforce policies, procedures and rules required for Trustcrow to operate in accordance with the law and regulations.
• Develop an internal framework for maintaining compliance across all departments.
• Establish and update compliance manuals.
• Drafting and negotiating simple and complex contracts including but not limited to those related to partnerships with third parties.
• Report back to business functions on current risk and compliance performance, highlighting or escalating areas of concern and contribute to robust and effective compliance controls within the organization.
• Review marketing materials, presentations, and websites to ensure compliance with regulatory requirements.
• Assist in the gathering of internal information in response to regulatory requests.
• Perform various general administrative duties (such as file creation and maintenance of ongoing legal/administrative projects).
• Manage the legal budget, approving expenditure and highlighting where there's a risk of exceeding budget.
• Maintain a contract library for all supplier contracts.
• Oversee the ongoing management of the organization’s risk register, ensuring this is regularly reviewed and updated.
• Advising on general business law issues and managing legal issues including but not limited to corporate matters, information technology, IP rights, procurement, regulation, tax considerations and governance.
• Advising on data protection and privacy matters. Responsible for data protection compliance including policy updates, data audits, data breach processes, writing and issuing privacy notices
• Keep up to date with, and understand, relevant laws and regulations, monitor compliance with laws, regulations and internal policies.
• Educate team members on not only legal requirements and best practices, but also the impact on the organization if these aren't complied with.
• Build and maintain relationship with government officials and third parties: initiate or attend meeting with external parties and share any update with legal department, Internal departments and management teams, visit to relevant authority or third party for clarification and documentation.
• Collaborate with other departments to create a culture of compliance.
• Where appropriate, appoint, brief, manage and oversee external legal advisors. Liaise with Trustcrow’s external lawyers and Clients.
• Convene annual general meetings (AGM)/meetings (producing agendas, taking minutes; conveying decisions etc.
• Provide support to committees and working parties such as the Board of Directors etc.
• Keeping a register of shareholders and liaise with them on behalf of the company.
• Identify, assess, and monitor risks associated with all activities and provide appropriate treatment plans for them.
• Any other duties as assigned or required by the company or the group.
• This list is not exhaustive, and any other tasks/duties directed by CEO that will form part of this  job description.

Requirements

• University Degree in Law, or a related field (post-graduate education with a focus on compliance and risk management is preferred) 
• 10+years of post-bar experience in legal and financial services, regulatory compliance, AML and risk management role
• Experience working in a law firm, registrar or fintech company will be considered a big advantage for this role
• Strong legal experience in corporate and commercial matters with significant experience of advising on complex legal issues and comfortable providing understandable, accurate and timely advice on a very wide-ranging and changing set of issues.
• Excellent problem solving, analytical and business intelligence skills.
• Ability to manage multiple projects adhering to logistics, timescales and deadlines.
• IT literate - MS Office (including Word, Excel and Outlook);
• Demonstrable experience/understanding of advising managers on the key risks inherent within complex contracts.
• Outstanding written and oral communication skills, with the ability to communicate effectively and authoritatively to a diverse audience, and to explain complex regulatory legislation and principles.
• Expert negotiation skills with the ability to manage relationships with diplomacy and tact.
• Ability to maintain confidentiality at all times and ensure that confidential data is handled in a sensitive manner.
• Experience of developing systems, designing processes and leading change.
• Able to work in partnership and with people at all levels, demonstrating strong skills in networking and influencing.
• Self-motivated and takes initiative with strong attention to detail.
• Strong organizational skills; delivering on deadlines and to budget.
• Must have a working knowledge of investor relations function.
• Ability to work both independently and as part of a team.
• Experience of compliance in a multi-jurisdiction environment is preferable.
• Experience of working in an organization with the ability to engage in detail of operational implementation as well as taking a strategic view.

Salary
N750,000 - N1,500,000 Monthly.

How to Apply
Interested and qualified candidates should send their CV to: [email protected] using "Head of Legal & Compliance" as the subject of the mail

Application Deadline  29th March, 2024.