Financial Services Licenses Expert

5 days ago


Johannesburg, Gauteng, South Africa Mukuru Full time

At Mukuru, we are looking for a Financial Services Licenses Expert to join our team. This role will involve supporting our expansion efforts and strategic regulatory initiatives.

The successful candidate will work closely with cross-functional teams within Mukuru, including commercial, finance, legal, compliance, and IT departments, as well as engaging with regulatory authorities. They will conduct technical regulatory research, ensure compliance with local and international licensing standards, and play a key role in securing new licenses for Mukuru's growth.

Licensing and Payment Framework
  • Develop and maintain a comprehensive licensing and payment framework to ensure compliance with regulatory requirements
  • Assess payment/PSP regulations to ensure alignment with overarching policies
  • Understand reporting requirements for different licenses
  • Engage expert stakeholders for regulatory clarification
Licensing and Payment Operations
  • Support stakeholders with required information for license applications
  • Evaluate internal documents submitted for licensing to ensure regulatory compliance
  • Compile and finalize submission documentation, ensuring all materials meet regulatory standards
  • Maintain a database of all license application documentation
Licensing and Payment Strategies
  • Develop and implement effective licensing and payment strategies to support business growth and expansion
  • Collaborate with the Executive and risk department to conduct regulatory risk assessments and mitigation strategies
  • Assist in preparing presentations and reports for senior leadership and the board of directors
  • Support long-term planning for license renewals and regulatory expansion
Maintenance of Licensing and Payment Records
  • Maintain a database of all new licenses, including regulations applicable at the time of application
Stakeholder Engagement and Collaboration
  • Represent Mukuru in meetings or communications with regulatory authorities, industry forums, or payment providers
  • Liaise with local and international regulators to facilitate licensing processes
  • Act as a key contact for queries related to licensing and regulatory requirements
  • Build collaborative relationships with partners, consultants, and stakeholders to streamline licensing processes

Key Requirements:

  • Bachelor's Degree or Advanced Diploma in Law, Policy and Regulation, or Economics
  • Certification in Compliance or Payments Regulations (advantageous)
  • 3 years' experience in financial services licensing
  • 3 years' experience in licensing, compliance, regulatory, or legal roles within financial services or fintech industries
  • 3 years' experience working in a multi-stakeholder environment
  • Solid understanding of global financial regulations related to licensing, including AML/KYC, consumer protection, data privacy, and financial services (remittances) licensing requirements
  • Solid understanding of financial products and services offered by fintech companies
  • Knowledge and understanding of license application processes
  • Knowledge and understanding of payments regulations
  • Knowledge of contracts and commercial agreements
  • Strong grasp of output-driven operating management in a multi-disciplinary environment

Additional Skills:

  • Results and Goal Oriented
  • Problem Solving
  • Systematic Approach
  • Effective Communication
  • Service Orientation
  • Embracing Change
  • Conveying Self-Confidence
  • Organisational Awareness
  • Team Working
  • Establishing Rapport

We are committed to creating a diverse and inclusive workplace where everyone can thrive. If you share our values and are passionate about making a difference, we encourage you to apply.

Please note that this role may require occasional travel and flexible working hours.



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