Payments Compliance & Risk Lead (Fraud Oversight)

Lesaka Technologies Inc.; Cape Town; Hybrid; ZAR 1,000,000 - 1,600,000; Full time

Job summary

Lesaka Technologies Inc. is seeking a Compliance & Risk Manager to oversee compliance, operational risk and fraud risk across the Enterprise Division. Based in Cape Town, this role acts as second line of assurance, guiding the team on regulatory obligations and evolving requirements.

The role reports to Head of Legal and requires extensive experience with national payment system regulation, sponsorship bank relations and investigations. Hybrid work in Cape Town is offered.

Qualifications

• 7+ years' experience in compliance and/or risk management within payments, banking or fintech.
• Direct experience of national payment system regulation, including TPPP and/or System Operator environments, is essential.
• Experience engaging with the SARB, PASA, sponsoring banks and card schemes.
• Experience in operational risk, compliance monitoring and investigations.
• Experience managing a small team is advantageous.

Responsibilities

• Develop and maintain the Division's compliance framework, regulatory universe and compliance risk management plans, aligned to Group Compliance standards.
• Identify and track all legislation, SARB directives, PASA requirements, scheme rules and contractual obligations for each company in the Division.
• Monitor regulatory change and advise business on its impact.
• Assess the compliance and risk impact of new products, channels, partners and integrations before launch.
• Ensure TPPP activities comply with the National Payment System Act and SARB Directive 1 of 2007; protect funds for billers.
• Ensure System Operator activities comply with the National Payment System Act, SARB Directive 2 of 2007, PASA criteria and rules of payment clearing houses.
• Lead sponsoring bank due diligence and enhanced due diligence reviews; respond to inspections and track remediation actions.
• Maintain a register of licenses, registrations, authorisations and sponsorships with renewal dates.
• Develop a risk-based compliance monitoring plan; review processes and controls.
• Investigate breaches; record outcomes and recommend solutions.
• Support audits and assurance activities.
• Maintain the Division's operational risk framework and risk registers.
• Manage third party risk from collectors, billers, agents, merchants and suppliers.
• Support business impact assessments and BCM testing.
• Embed risk appetite in day-to-day operations.
• Oversee financial crime obligations including due diligence, sanctions screening and reporting.

Skills

Regulatory compliance

Risk management

Fraud risk

Stakeholder engagement

Team leadership

Education

Degree in Law or Compliance

Job description

Lesaka Technologies Inc. is seeking a Compliance & Risk Manager to oversee compliance, operational risk and fraud risk across the Enterprise Division. Based in Cape Town, this role acts as second line of assurance, guiding the team on regulatory obligations and evolving requirements.

The role reports to Head of Legal and requires extensive experience with national payment system regulation, sponsorship bank relations and investigations. Hybrid work in Cape Town is offered.